Tr Royal Palm Corp

“Management and control of all duties for operations are delegated to lpc realty advisors i, lp.”

“The sole shareholder of the organization is the teachers retirement system of illinois.”

“The sole shareholder reviews and approves the acquisitions, dispositions and refinancing of the investments. Form 990, part vi, section b, line 9: gregory courtwright and lee baker may be reached by mail c/o lincoln property company, 2000 mckinney ave., ste. 1000, dallas, tx 75201.”

“An officer reviews a draft of the tax return provided by the tax return preparer. An officer then approves the draft or provides changes and corrections to the preparer. Upon approval, a final copy is issued to the taxpayer for filing. A copy of the return is kept on file and is available for review upon request.”

“The delegated management company, lpc realty advisors i, lp has a written conflict of interest policy. The potential for conflicts is minimized by annual reviews and questionnaires. The officers and the governing body, as well as all employees and contractors lpc realty advisors i, lp are aware of the policy. No specific enforcement has been necessary.”

“The organization has no employees. Neither the officers nor the governing body, receive compensation from the organization. These persons are compensated and reviewed by the management company, lpc realty advisors i, lp.”

“Upon request, the organization makes its tax returns, financial statements and conflict of interest policy available for public inspection by furnishing a copy to the requesting person.”

“CONTRIBUTIONS 392,742.”

“Line 2b: the corporation's financial statements are audited by an independent accountant as part of combined financial statements. They are not prepared on the basis of generally accepted accounting principles, but on another comprehensive basis of accounting. More information is available upon request. Line 2c: there was no change in the oversight or selection process. See the answers for part vi.”