1
Sandwich LeaseORGANIZATION STRUCTURE/TRANSACTIO
N CHART(Federal Historic, State Historic, New
Markets Tax Credits)
Managing Member 94
Managing Member (Building Manager, LLC) 99.99
State Historic Tax Credit Investor .01
Member 1
Member 1.6665 Member 1.667 Member 1.6665.
Owner/Landlord (Owner, LLC)
HUD Insured Mortgage Loan
Master Lease
Managing Member (Building Manager, LLC) 0.01
Property Management Agreement
Apartment Manager
Operating Company/Tenant (Operating Company, LLC)
New Markets/Federal Historic Tax Credit Investor
Member 99.99
Commercial Master Tenant (Commercial Sublessor,
LLC)
Managing Member (Building Manager, LLC) 100
Leases with commercial tenants
Residential Leases with tenants