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BERKSHIRE INCOME REALTY INC | Berkshire Multifamily Value Fund, GP, L.L.C | Berkshire Multifamily Value Fund, L.P. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
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Berkshire Multifamily Value Fund, GP, L.L.C.
One Beacon Street
Suite 1500
Boston, Massachusetts 02108
August 12, 2005
Berkshire Income Realty Inc.
One Beacon Street
Suite 1500
Boston, Massachusetts 02108
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Re: |
Berkshire Multifamily Value Fund, L.P. |
Ladies and Gentlemen:
In connection with and as an inducement to the purchase of a limited partnership interest in Berkshire Multifamily Value Fund, L.P., a Delaware limited partnership (the “Partnership”), by Berkshire Income Realty Inc. (the “Investor”), Berkshire Multifamily Value Fund, GP, L.L.C., the general partner of the Partnership (the “General Partner”), hereby agrees with you as follows (capitalized terms used but not defined in this letter shall have the meanings set forth in the Agreement of Limited Partnership of the Partnership (the “Partnership Agreement”)).
1. The General Partner shall cause the Partnership to acquire and hold all of its assets through one or more corporations that each qualify as a "real estate investment trust" within the meaning of Sections 856-860 of the Code. For avoidance of doubt, real estate investment tr
