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© 2012-2023 Bain Capital, LP. The Bain Capital square symbol is a trademark of Bain Capital, LP. All Rights Reserved. These endorsements are provided by certain third party joint venture partners of Bain Capital Real Estate. None of these joint venture partners were directly compensated for providing these endorsements, however, the Bain Capital Real Estate is involved in setting the promote and fees received by the JV operating partner. As a result of this relationship, a conflict of interest exists because the JV operating partners have an incentive to make positive statements about Bain Capital Real Estate and their experiences with Bain Capital Real Estate to maintain the goodwill with Bain Capital Real Estate and to attract future business opportunities with Bain Capital Real Estate in order to receive more or higher fees.