1737 North First Street Corporation

“The title holding company is administered by american realty advisors ("ara"), on behalf of the city of san jose board of administration for the police and fire department retirement plan ("plan"), the exempt shareholder, a beneficiary of the title holding company activity. The plan appointed american as its real estate investment manager with the responsibility to identify, acquire, and manage a portfolio of real estate investments on behalf of the plan.”

“The organization is a title holding company under internal revenue code section 501(c)(25). The city of san jose police and fire department retirement plan is the sole shareholder.”

“The sole member of the corporation is administered by the board of administration for police and fire department retirement plan ("retirement board or "the board"). The retirement board consists of one representative of the city's police department, one representative of the city's fire department, two city council members, one retiree representative, one representative from city administration, and one civil service commission member.”

“A draft copy of the form 990 is provided to the board for review before finalizing for their signatures and filing.”

“The organization complies with the freedom of information act.”

“The 1961 police and fire retirement plan utilizes the california fair political practices - statement of economic interest form 700 to identify and track potential conflicts of interests. These policies have not been formally adopted by the individual corporation. However, each of the member shareholder representatives signs the form 700 as members of the retirement fund.”

“The 1961 police and fire department plan, sole member of the reporting corporation, has adopted a written whistleblower policy. However, these policies have not been formally adopted by the reporting corporation.”

“This question is not applicable as no compensation is paid by the corporation. Compensation, if any, is paid out of the retirement fund at that level only.”

“To acquire and hold title to property, collect, and remit income less expenses to exempt shareholder.”

“Distribution to exempt shareholder -200,000. Contribution from exempt shareholder 227,680. Return of capital to exempt shareholder -22,775,000.”