WREF definition

WREF means ▇▇▇▇▇▇▇▇▇ Real Estate Fund VIII, L.P., a Delaware limited partnership and the sole member of ▇▇▇▇▇▇▇▇▇, together with its successors and assigns in such capacity.

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WREF or the “Guarantor”) has delivered that certain Secured Guaranty dated as of the date hereof (as amended, modified, extended, renewed, restated or replaced from time to time, the “Secured Guaranty”) pursuant to which the Guarantor has agreed to pay and perform the Guaranteed Obligations (as defined in the Secured Guaranty); and

WREF means ▇▇▇▇▇▇▇▇▇ Real Estate Fund IV, L.P., a Delaware limited partnership and one of the Guarantors.

Examples of WREF in a sentence

• For the three months ended September 30, 2004, revenues for WREF on a consolidated basis exceeded expenses by approximately $5 million and the firm is also expecting revenues to exceed expenses during the fourth quarter.

• In planning for 2004, WREF anticipated it would incur short term losses and reserved adequate funds to cover any shortfall in revenues due to the fact that ▇▇▇▇▇ REIT II, another sponsored product of WREF, was a new product that would generate revenues less than those realized in 2003.

• WREF believes it has adequate cash availability from both funds on hand and borrowing capacity through its credit facilities in order to meet its obligations.

• In connection with such contributions, West▇▇▇▇▇ ▇▇▇, WREF III and West▇▇▇▇▇ ▇▇-Investment will receive an amount of Class B Units as described in Section 3.4 of the LLC Agreement.

• For the nine months ended September 30, 2004, operating expenses for WREF exceeded operating revenues by approximately $12 million.

• In light of their common ownership and their importance to WREF, we focus on the financial condition of WREF when assessing the financial condition of the Advisor and ▇▇▇▇▇ Management.

• The operations of the Advisor, ▇▇▇▇▇ Management and WIS represent substantially all of the business of WREF.

• In the first two quarters of 2004, WREF incurred net losses primarily as a result of revenues from acquisition, advisory, asset management services and property management services being exceeded by the costs for such services.

• In the event that WREF becomes unable to meet its obligations as they became due, we might be required to find alternative service providers.

• Prior to the Merger, SHP will purchase from WREF I all of WREF I's shares of Sunstone's 7.9% Class A Cumulative Convertible Preferred Shares, $0.01 par value per share, in exchange for a payment of the "Liquidation Preference" for such shares (as such term is defined in the Articles Supplementary of Sunstone's 7.9% Class A Cumulative Convertible Preferred Shares).