In order for a Here property to be considered 'partially active' during a payout period, the property must have finished onboarding and been live on booking platforms and available for guest stays for a partial duration of the reporting period.

For example, a property completes onboarding and becomes listed on booking platforms during Q4 2022 (October-December, [the 'reporting period']) will be considered 'partially active' when investors receive their Q4 payouts (February 2023, [the 'payout period']).

During a property's payout period, all partially active properties will report on financial metrics, such as an investor's rental income return, appreciation return, and total return.

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