Examples of Stabilized Properties in a sentence
Stabilized Properties reflect buildings that have reached 90% leased or have been in service for at least one year since development completion or acquisition date, whichever is earlier.
Stabilized Properties Newly constructed, lease-up, development and redevelopment properties are deemed stabilized upon the earlier to occur of the first full calendar quarter beginning (a) 12 months after the property is fully completed and put in service and (b) attainment of at least 90% physical occupancy.
Borrower may, from time to time, give written notice (a "Negative Pledge Designation Notice") to Agent of Borrower's intent that one or more additional Development Properties or Stabilized Properties will become Negative Pledge Properties.
With respect to Stabilized Properties only, the release of such Stabilized Property shall be subject to the written approval of the Administrative Agent, except in the case of a Casualty/Condemnation Release or a Default Release.
Borrower may also, from time to time, give written notice to Agent of Borrower's intent that one or more other Development Properties or Stabilized Properties which are not Negative Pledge Properties will become Secured Properties.
The parties hereto acknowledge and agree that (i) the Stabilized Consideration shall be allocated among the Stabilized Properties, as set forth on EXHIBIT E attached hereto and made a part hereof, (ii) all of the Stabilized Consideration shall be allocated to the Stabilized Properties exclusive of the Personal Property, and (iii) no portion of the Stabilized Consideration shall be allocated to the Personal Property.
The Borrower shall provide to the Agent all available information needed to assist in the preparation of an Appraisal and shall pay to the Agent on demand all reasonable costs of all such Appraisals, provided, however, that with respect to Stabilized Properties, Borrower will not have to bear the cost of Appraisals more frequently than approximately every other year, unless such Appraisal is ordered pursuant to clause (i) or clause (iv) above.
NOI Stabilized Properties PROJECT SCOPE Redevelopment projects 7 Net investment $750M Apartment homes redeveloped 1,349 VALUE CREATION Redevelopment value creation ($M) (1) $298M As a % of investment (2) 40% (1) Based on stabilized GAV as computed by Aimco as of the quarter of NOI stabilization.
Boyers and Other 89.1% 12.9 24.4 Phoenix 92.1% 44.6 109.4 Denver 71.9% 10.6 16.2 New Jersey 100.0% 12.4 30.0 Northern Virginia 100.0% 3.0 55.5 Amsterdam 94.5% 10.8 34.5 London 100.0% 3.2 8.9 Singapore 100.0% 1.0 5.5 Total Stabilized Properties 91.4% 98.3 284.4 Pre-Stabilized Properties: Northern Virginia 31.4% 4.5 4.5 Total Pre-Stabilized Properties 31.4% 4.5 4.5 Total Operating Portfolio 88.8% 102.8 288.9 Data Center Development Activity Total MW Under % Pre- Investment Expected Total Inv.
It will complete and pay for all repairs and make all capital expenditures necessary to repair and renovate any Financed Non-Stabilized Property owned in accordance with the budget and timeframe submitted to the Agent in connection with the Advance made in respect of such Financed Non-Stabilized Property and that is necessary to render such Property a Stabilized Properties.