Pei has a high-level Advisory Committee, responsible for making the main decisions on acquisitions, indebtedness, and issuances and, generally monitoring the vehicle’s performance. Pei’s Advisory Committee has a mixed composition, as it consists of independent members and members of the Real Estate Manager.
The Real Estate Manager considers the business track-record, reputation, and experience as relevant criteria to choose the independent members of the Advisory Committee. The Real Estate Manager chooses the independent members, which are jointly ratified by the Investors Legal Representative and the Management Agent.