Practices Committee

Practices Committee Charter

Our Technical Committee will appoint three of its independent members to comprise our Practices Committee. The Technical Committee will also appoint the chairman of the Practices Committee. Besides the matters determined by the Technical Committee, our Practices Committee is responsible for, among other things:

  1. Expressing an opinion with respect to the transactions with related parties and members of the Control Trust.
  2. Expressing an opinion with respect to the value of the properties identified by our Technical Committee as potential acquisition targets.
  3. Expressing an opinion with respect to the market studies related to the properties that will comprise our trust estate, and recommending any modifications thereto.
  4. Recommending that our Technical Committee request from our Advisor, Management Subsidiary, Common Representative or Trustee the information it considers necessary to perform its duties.
  5. Advising our Technical Committee with respect to the powers granted under our trust agreement.
  6. Requesting the opinion of our Advisor or other independent advisors with respect to the Practices Committee’s performance.

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