Knickerbocker Edens LLC C/O Jp Morgan Investment Mgmt Inc

“The organization delegates management responsibility to jp morgan advisors.”

“The organization's governing body is comprised of officers. All officers act to carry out the business of the organization. Subject to the bylaws, the sole member, nys teachers' 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 teachers' 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 interest, including elected positions, business holdings, investment interests, etc. Of employees or their spouse, dependent, or member of household must be disclosed.”

“The organization is an irc 501(c)(25) entity holding title to rental real property and remitting the net income to the new york state teachers' retirement system, an irc 401(a) organization. Additionally, the organization does not have any employees therefore there are no processes related to employee compensation.”

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

“Nys teacher retirement system (nystrs) is a section 401(a) trust that is related to knickerbocker edens llc (edens), and edens 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 chief financial officer. As part of the annual tax compliance process, edens asked nystrs for the compensation information of these three individuals who are employed by the nystrs. Edens made reasonable efforts to obtain compensation information and request were made both in writing and via phone calls. Edens was unable to obtain the compensation information from nystrs and is unable to provide a reasonable estimate of this information.”

“Contribution from nystrs 300,000,000. Book to tax difference on investment in edens investment trust 28,323,891. Distribution to nystrs -52,529,545.”