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  2. Characteristics of LaSalle LOGIPORT REIT
  3. Focus on Alignment of Interests with Unitholders coupled with a Transparent Governance Structure

Focus on Alignment of Interests with Unitholders coupled with a Transparent Governance Structure

Decision Making Flow Chart for Related Party Transactions

All related party transactions are subject to approvals by the Compliance Committee and the Investment Committee.

Decision Making Flow for Related Party Transactions

(Note) The chart above chart illustrates the decision making flow that requires approval by the board of directors of LaSalle LOGIPORT REIT.

Earnings-per-unit Linked Asset Management Fee Structure

We apply an asset management fee structure linked in part with earnings-per-unit (EPU).

Type 1 management fee
(Asset-based fees)
Up to 0.22% per year of our total assets (as stated in our balance sheet at the end of the immediately preceding fiscal period)
Type 2 management fee
(Operating income-based fees)
(The immediately preceding fiscal period’s ordinary income + depreciation expense + deferred assets amortization - transfer gains and losses of specified assets – appraisal gain or loss) x 5.8% (as an upper limit)
Type 3 management fee
(EPU-based fees)
(Type 1 management fee + type 2 management fee) multiplied by the EPU after adjustment and multiplied by 0.026% (as an upper limit)
Type 4 management fee
(Acquisition and disposition fees)
Up to 1.0% of the sale price (the sale price as stated in the purchase and sale agreement in case of an acquisition/disposition)
Type 5 management fee
(Merger fees)
Up to 1.0% of the aggregated appraisal amount, as of the effective date of a merger, of a party’s assets to be transferred to an established or surviving entity pursuant to said merger