Common use of Qualification as a Real Estate Investment Trust Clause in Contracts

Qualification as a Real Estate Investment Trust. The Company has been organized and has operated in a manner so as to qualify as a real estate investment trust under the Internal Revenue Code of 1986, as amended (the “Code”), commencing with the taxable year ended December 31, 2016, and, to the knowledge of the Company, there currently exists no circumstance that will prevent the Company from complying with such requirements as contemplated in the Prospectus. The Company intends to operate the business of the Company so as to continue to comply with such requirements.

Qualification as a Real Estate Investment Trust. The Company has been organized and has operated in a manner so as intends to qualify as a real estate investment trust under satisfy the requirements of the Internal Revenue Code of 1986, as amended (the “Code”), commencing with for qualification of the taxable year ended December 31, 2016, Company as a real estate investment trust and, to the knowledge of the Company, there currently exists no circumstance that will prevent the Company from complying with such requirements as contemplated in the Prospectus. The Company intends to operate the business of the Company so as to continue to comply with such requirementsrequirements to elect status as a real estate investment trust at such time as it so qualifies.

Qualification as a Real Estate Investment Trust. The Company has been organized and has operated in a manner so as intends to qualify as a real estate investment trust under satisfy the requirements of the Internal Revenue Code of 1986, as amended (the “Code”), commencing with for qualification of the taxable year ended December 31, 2016, Company as a real estate investment trust and, to the knowledge of the Company, there currently exists no circumstance that will prevent the Company from complying with such requirements as contemplated in the Prospectus. The Company intends to operate the business of the Company so as to continue to comply with such requirementsrequirements to elect status as a real estate investment trust commencing at such time as it so qualifies.

Qualification as a Real Estate Investment Trust. The Company has been organized operated and has operated in a manner so as elected to qualify be treated as a real estate investment trust under the Internal Revenue Code of 1986, as amended (the “Code”), commencing with the taxable year ended December 31, 20162013, and, to the knowledge of the Company, there currently exists no circumstance that will prevent the Company from complying with such requirements as contemplated in the Prospectus. The Company intends to operate the business of the Company so as to continue to comply with such requirements.

Qualification as a Real Estate Investment Trust. The Company has been organized and has operated in a manner so as to qualify as a real estate investment trust under the Internal Revenue Code of 1986, as amended (the “Code”), commencing with the taxable year ended December 31, 2016, and, to the knowledge of the Company, there currently exists no circumstance that will prevent the Company from complying with such requirements as contemplated in the Prospectus. The Company intends to operate the business of the Company so as to continue to comply with such requirements.. ​