Single Purpose Entity (SPE) definition
Single Purpose Entity (SPE) means a separate entity formed for the purchase of each Property. The Company will provide capital to the SPE for the purposes of purchasing Properties for renovation, operation, and resale. Each SPE will be wholly owned by the Company or co-owned as part of a co-investment strategy with Joint Venture Partner(s), which may include affiliated and nonaffiliated entities.
Examples of Single Purpose Entity (SPE) in a sentence
The Company reserves the right to purchase each Property using a Single Purpose Entity (SPE).