ASRS18-215212_CBRE_Amendment_No._6__1_.pdf

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Attached to
Master Agreement AZ|ASRS18-215212
Contract number
ASRS18-215212
Issued by
Arizona

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This document is a Contract Amendment (Number Six) for Contract No. ASRS18-215212 between the Arizona State Retirement System (ASRS) and CBRE Inc, pertaining to Property Management, Leasing, and Project Management Services. The amendment is executed by Athena Elliston, Chief Procurement Officer for ASRS, and Andi St John, Managing Director for CBRE Inc.

The amendment renews the contract for the period of October 1, 2023 to September 30, 2024 and modifies the Property Management Fees section of the pricing schedule. Specifically, the monthly property management fee has been adjusted from a minimum of $5,500 per month to $6,000 per month, while maintaining the existing calculation of the greater of 1.4% of monthly "Gross Revenues" from the property or the fixed monthly fee. All other terms and conditions of the original contract remain unchanged, and both parties have acknowledged and signed the amendment.

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CONTRACT AMENDMENT

Contract No.: ASRS18-215212 Description: Property Management, Leasing, and Project Management Services Contractor: CBRE Inc

Contract Amendment No. Six (6)

In accordance with the Special Terms and Conditions, Section 5 (Contract Renewal) and the Uniformed Terms and Conditions, Section 5 (Contract Changes), the above referenced Contract is hereby amended as follows:

1) The Contract is renewed for the period October 1, 2023 to September 30, 2024.

2) Effective as of the date of this Contract Amendment, Exhibit D Pricing Schedule Section 1 Property Management Fees is modified as follows:

Current

In consideration of the Property Management Services, Owner shall pay to Manager a fee (the "Property Management Fee") equal to the greater of 1.4% of monthly "Gross Revenues" (as hereinafter defined) from the Property or $5,500 per month.

Modified

In consideration of the Property Management Services, Owner shall pay to Manager a fee (the "Property Management Fee") equal to the greater of 1.4% of monthly "Gross Revenues" (as hereinafter defined) from the Property or $6,000 per month.

All other terms and conditions remain the same.

Contractor hereby acknowledges receipt and understanding of this Contract Amendment.

This Contract Amendment is hereby executed this date by the Arizona State Retirement System.

Signature Signature

Athena Elliston

Name Name

Title Date Title Date

Chief Procurement Officer 9/12/23

Andi St John

Managing Director 9/13/23

File details come from the government source that posted it. Updated .