5% Qualifying Ownership Interest

5% Qualifying Ownership Interest. Means Beneficial Ownership by the Investor or any of its Affiliates of at least 5% of the Common Shares (excluding solely for purposes of this definition any Common Shares issued after the date hereof upon redemption of Operating Partnership units held at any time at or prior to such redemption by trustees or officers of the Company or the entities they control or of which they Beneficially Own 100% of the outstanding equity securities)