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EQR » Topics » 600 WASHINGTON STREET

This excerpt taken from the EQR 8-K filed Mar 6, 2007.

600 WASHINGTON STREET

Notes to Statements of Revenue and Certain Expenses (Continued)

3. Related Party Transactions

An affiliate of 600 Washington Street performed the property management function and charged the Property total management fees in the amount of approximately $142,000 and $12,000 for the year ended December 31, 2005 and the period from January 1, 2006 to February 1, 2006 (unaudited), respectively.

An affiliate of 600 Washington Street allocated insurance expense under a master policy to the Property and various affiliated properties.  Insurance expense for the year ended December 31, 2005 and the period from January 1, 2006 to February 1, 2006 (unaudited) is approximately $50,000 and $4,000, respectively, and is included in real estate taxes and insurance in the accompanying statements.

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