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CARRAMERICA REALTY OPERATING PARTNERSHIP LP. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
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Search Joint Venture JV Agreement by:
Exhibit 99.3
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Item 13. |
Certain Relationships and Related Transactions |
Real Estate Services
We provide real estate services to The Oliver Carr Company and its subsidiaries and affiliates (collectively, “OCCO”). OCCO is owned by a trust of which Thomas A. Carr, our Chairman of the Board of Directors and Chief Executive Officer, and several of his immediate family members are beneficiaries. In addition, Oliver T. Carr, Jr., Thomas A. Carr’s father, serves as trustee of the trust. In 2005, we received $692,990 for real estate services provided to OCCO.
We also provide real estate services to a joint venture in which we, OCCO, Oliver T. Carr, Jr., and Martha Carr, Thomas A. Carr’s mother, have interests. We received $617,315 for these services during 2005.
We also provide real estate services to Carr Capital Corporation and its subsidiaries, in which OCCO, Oliver T. Carr, Jr. and Oliver T. Carr, III, Thomas A. Carr’s brother, have interests. We received $292,812 for these services during 2005.
In 2005, we represented Preferred Offices, LLC in connection with its lease of office space in Washington, D.C. for which we received $140,382 during 2005. Preferred Offices, LLC is owned by Oliver T. Carr, Jr.
Indemnification Obligations
In connection with the HQ Global Workplaces, Inc./VANTAS Incorporated merger transaction in June 2000, we agreed to indemnify all of the individuals who served as directors of HQ Global at the time of the transaction, including Messrs. Thomas A. Carr and Philip L. Hawkins, with respect to any losses incurred by them in connection with certain litigation matters, not covered from reimbursement by HQ Global or by insuran






