3 The percentages indicated are based upon the number of Common Shares, OP Units and Time-Based LTIP Units held by the officer or trustee (as calculated in footnote 1 above) divided by the approximately 121,502,520, which represents the approximate number of our Common Shares outstanding as of April 15, 2020, plus all OP Units and Time-Based LTIP Units that such person owns, assuming such OP Units and Time-Based LTIP Units are deemed to have been redeemed for Common Shares, but such Common Shares are not deemed to be outstanding for the purpose of computing the ownership percentage of any other person.
4 This information is as of December 31, 2019, and is based solely on a Schedule 13G/A filed with the SEC on February 11, 2020, by The Vanguard Group (“Vanguard Group”). According to that Schedule 13G/A, the address of Vanguard Group is 100 Vanguard Boulevard, Malvern, Pennsylvania 19355. Vanguard Group reports aggregate beneficial ownership of 18,645,408 Common Shares, with sole power to vote 195,051 Common Shares, shared power to vote 135,110 Common Shares, sole power to dispose of 18,464,111 Common Shares and shared power to dispose of 181,297 Common Shares. Vanguard Group reports that it is the parent holding company for certain subsidiaries that have acquired our Common Shares and that are listed in that Schedule 13G/A.
5 This information is as of December 31, 2019, and is based solely on a Schedule 13G filed with the SEC on February 10, 2020, by BlackRock, Inc. (“BlackRock”). Based on the information provided in that Schedule 13G/A, the address of BlackRock is 55 East 52nd Street, New York, New York 10055. BlackRock reports beneficial ownership of 8,075,880 Common Shares, with sole power to vote 7,596,362 Common Shares and sole power to dispose of all 8,075,880 Common Shares. BlackRock reports that it is the parent holding company for certain subsidiaries that have acquired our Common Shares and that are listed in that Schedule 13G/A.
6 This information is as of December 31, 2019, and is based solely on a Schedule 13G filed with the SEC on February 14, 2020, by Jackson Square Partners, LLC (“Jackson Square Partners”). Based on the information provided in that Schedule 13G, the address of Jackson Square Partners is 101 California Street, Suite 3750, San Francisco, CA 94111. Jackson Square Partners reports beneficial ownership of 6,997,102 Common Shares, with sole power to vote 5,544,725 Common Shares, shared power to vote 540,538 Common Shares and sole power to dispose of all 6,997,102 Common Shares.
7 This information is as of December 31, 2019, and is based solely on a Schedule 13G/A filed with the SEC on February 11, 2020, by Nuance Investments, LLC (“Nuance Investments”). Based on the information provided in that Schedule 13G, the address of Nuance Investments is 4900 Main Street, Suite 220, Kansas City, MO 64112. Nuance Investments reports beneficial ownership of 6,244,851.47 Common Shares, with sole power to vote all 6,244,851.47 Common Shares and sole power to dispose of all 6,244,851.47 Common Shares.
8 Includes 290 Common Shares held by EGI-CW Holdings, L.L.C. (“EGI-CW”). Mr. Helfand is a member of EGI-Fund (14-16) Investors, L.L.C. (“EGI-Fund (14-16)”), which is a member of EGI-CW. These 290 Common Shares represent only the number of shares in which Mr. Helfand has a pecuniary interest in accordance with his proportionate interest in EGI-Fund (14-16).
9 Held by The Adam and Sarah Markman Trust, of which Mr. Markman is the co-trustee and a beneficiary.
10 Held by the David S. Weinberg Revocable Trust, of which Mr. Weinberg is the trustee and a beneficiary.
11 Held by the Orrin S. Shifrin Revocable Trust, of which Mr. Shifrin is the trustee and a beneficiary.
12 Held by the Samuel Zell Revocable Trust, of which Mr. Zell is the trustee and a beneficiary. Excludes 2,584,300 shares that are held by EGI-CW, which is indirectly controlled by Chai Trust Company, LLC (“Chai”). Two entities, in which trusts established for the benefit of Mr. Zell’s family, the trustee of each of which is Chai, indirectly own interests, are members of EGI-CW. Mr. Zell is not an officer or a director of Chai and does not have voting or dispositive power over the shares, and therefore disclaims beneficial ownership thereof, except to the extent of any pecuniary interest therein indirectly held by his family.
13 Includes 6,140 Time-Based LTIP Units and OP Units held directly by Mr. Edelman. The remaining 20,075 shares are held by 3MB Associates, LLC, in which Mr. Edelman has an indirect pecuniary interest.
14 Includes 100,000 shares held by the Gerald A. Spector Revocable Trust, of which Mr. Spector is the trustee and a beneficiary.
15 Excludes 246,702 shares held by Crown Investment Series LLC – Series 45 (“Crown Series 45”), in which trusts established for the benefit of Mr. Star’s wife and children indirectly own interests. Crown Series 45 is indirectly controlled by Longview Asset Management LLC, of which Mr. Star is Executive Chairman. Mr. Star disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein.
Section 16(a) Beneficial Ownership Reporting Compliance
Executive officers, trustees and certain persons who own more than 10% of our outstanding Common Shares are required by Section 16(a) of the Exchange Act and related regulations:
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to file reports of their ownership of such Common Shares with the SEC; and
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to furnish us with copies of the reports.
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