TRCLP

AcronymDefinition
TRCLPThe Related Companies, LP
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* The Initial Payment -- $210 million consisting of $160 million in special common units of the CharterMac Sub and $50 million in cash (with the cash portion being paid only to TRCLP).
Following the completion of the acquisition, TRCLP's economic interest in CharterMac will equal approximately 19% and management and RCC employees' economic interest in CharterMac will equal approximately 11%.