Knickerbocker Properties Inc XV

“The organization delegates management responsibilities to invesco realty advisors.”

“The organization's governing body is comprised of officers and directors. The directors were elected under the by laws of the organization. All officers are appointed by the organization's directors. All officers and directors act to carry out the business of the organization. Subject to the by -laws, the sole member, nys teacher's retirement system (nystrs), may veto or confirm decisions made by the organization's officers.”

“See explanation for part vi, section a, line 6.”

“See explanation for part vi, section a, line 6.”

“The officers of the organization are responsible to review the form 990 prior to filing. The new york state teacher's retirement system receives a copy of the filed form 990.”

“The organization's conflict of interest policy is the sole responsibility of nystrs. The nystrs code of ethics requires that employees review and sign an annual disclosure statement with human resources by january 10 of each year. Any potential conflicts of itnterest, including elected positions, business holdings, investment interests, etc. Of employees or their spouse, dependent, or member of household must be disclosed.”

“The pension benefit organization makes the documents referenced in questions 18 and 19 available upon request to the public.”

“See explanation for part vi, section c, line 18.”

“Nys teachers retirement system (nystrs) is a section 401(a) trust that is related to knickerbocker properties, inc xv (xv), and xv' three directors are employed by nystrs. The organization's three directors are thomas lee, executive director and cio of nystrs; david c gillan, managing director of real estate at nystrs; and margaret andriola, nystrs cheif financial officer. As part of the annual tax compliance process, xv asked nystrs for the compensation information for these three individuals who are employed by the nystrs. Xv made reasonable efforts to obtain compensation information and requests were made both in writing and via phone calls. Xv was unable to obtain the compensation information from nystrs and is unable to provide a reasonable estimate of this information.”

“DISTRIBUTION -47,000.”