2024-05-15T20:06:13-05:00 2023-06-30 PwC US Tax LLP 101 SEAPORT BLVD SUITE 500 BOSTON MA 02210 990 2022-07-01 453717665 TR Aqua Via Corp C/O Barings LLC % C/O BARINGS LLC TRAQ 8605092200 300 S Tryon Street Suite 2500 Charlotte NC 28202 Brenda Abbott DIRECTOR 8605092200 2024-05-15 true Brenda Abbott 999009999 Laura McNeil P01427424 6175305000 2024-05-15 2022 2023-04-26 12:10:37Z X Brenda Abbott 300 S Tryon Street Suite 2500 Charlotte NC 28202 3791854 false X N/A X 2011 DE TO OPERATE AS A TITLE HOLDING CORPORATION WITHIN IN THE MEANING OF SECTION 501(C)(25) & HOLD TITLE 2 2 0 0 0 0 0 0 467 0 731840 698639 732307 698639 0 0 0 0 0 0 0 0 0 46907 43665 46907 43665 685400 654974 57854754 44674143 28294831 28346972 29559923 16327171 NONE false false TR AQUA VIA CORP. OPERATES AS A TITLE HOLDING CORPORATION WITHIN THE MEANING OF IRC SECTION 501(C)(25) AND HOLDS TITLE TO REAL PROPERTY ON BEHALF OF TEACHERS' RETIREMENT SYSTEM OF THE STATE OF ILLINOIS (RETIREMENT SYSTEM). THE ORGANIZATION COLLECTS THE INCOME FROM THE PROPERTY AND REMITS IT TO THE RETIREMENT SYSTEM. false false false false false false false false false true false false false true true false true false false false false false false false false false false false false false false false false false false false false false false true true false false true 23 0 true 0 false false false false false false false false false false X 2 2 true true false false true true true true false false false true false false false false false false X CO BARINGS LLC 8605092200 300 S TRYON STREET SUITE 2500 CHARLOTTE NC 28202 X BARINGS LLC NON-MEMBER MANAGER 1.0 47.0 X 43665 4457649 0 Elena Walsh DIRECTOR 1.5 0.0 X 0 0 0 BRIAN CHEN ASSISTANT DIRECTOR 2.0 0.0 X 0 0 0 43665 4457649 0 0 false false false SARES REGIS OPERATING COMPANY LP 3501 JAMBOREE RD STE 3000 NEWPORT BEACH CA 99999 PROPERTY MANAGEMENT 316476 1 0 0 0 0 0 3791854 3093215 698639 0 698639 0 0 0 0 0 0 0 0 0 0 0 698639 0 0 0 0 0 0 0 0 0 0 43665 43665 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 43665 43665 0 0 175999 273103 0 0 16962 45744 0 0 0 0 0 0 0 0 139028 50743 42669120 42318183 42669120 0 0 0 0 0 0 0 0 15204582 1635433 57854754 44674143 194872 189311 0 0 35845 74313 0 0 0 0 0 0 28000000 28000000 0 0 64114 83348 28294831 28346972 X 0 0 24067666 29223134 5492256 -12895963 29559923 16327171 57854755 44674143 X 654974 -13550937 -336789 X false true false false 40599306 0 40599306 2008157 2008157 61657 61657 42669120 0 SECURITY DEPOSITS 73550 OTHER LIABILITIES 4039 OTHER DEPOSITS 5759 83348 SUPPLEMENTAL INFORMATION 1 SCHEDULE D, PART X, LINE 2: FIN 48 FOOTNOTE THE TRS PORTFOLIO HAD NO UNCERTAIN TAX POSITIONS WHICH WOULD REQUIRE THE TRS PORTFOLIO TO RECORD A TAX EXPOSURE LIABILITY AS OF AND FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. THE TRS PORTFOLIO EXPECTS NO SIGNIFICANT INCREASES OR DECREASES IN UNRECOGNIZED TAX BENEFITS DUE TO CHANGES IN TAX POSITIONS WITHIN ONE YEAR OF JUNE 30, 2023. THE TRS PORTFOLIO HAS NO SIGNIFICANT INTEREST OR PENALTIES RELATING TO INCOME TAXES RECOGNIZED IN THE ACCOMPANYING COMBINED CONSOLIDATED FINANCIAL STATEMENTS AS OF AND FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. AS OF JUNE 30, 2023 RETURNS FOR THE TAX YEARS 2020 THROUGH 2022 GENERALLY REMAIN SUBJECT TO EXAMINATION BY U.S. AND VARIOUS STATE AND LOCAL TAX JURISDICTIONS. THE TRS PORTFOLIO INCLUDES INVESTMENTS THAT TRS OWNS DIRECTLY AND INDIRECTLY THROUGH TITLE HOLDING COMPANIES, WHOLLY OWNED CORPORATIONS, AND LIMITED PARTNERSHIPS. THE TITLE HOLDING COMPANIES ARE TAX EXEMPT UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(25) AND RELATED STATE AND LOCAL INCOME TAX LAW. WITH RESPECT TO TRS'S DIRECT INTEREST IN THE LIMITED PARTNERSHIPS, CORPORATIONS, AND WHOLLY OWNED PROPERTIES, NO PROVISION FOR INCOME TAXES IS NECESSARY AS TRS IS AN INTEGRAL PART OF THE STATE OF ILLINOIS AND IS NOT SUBJECT TO FEDERAL, STATE, AND LOCAL INCOME TAX. ALTERNATIVELY, THE INCOME THAT TRS GENERATES IS FROM THE EXERCISE OF AN ESSENTIAL GOVERNMENTAL FUNCTION AND ACCRUES TO THE STATE OF ILLINOIS AND IS THEREFORE EXCLUDED FROM GROSS INCOME UNDER SECTION 115 OF THE IRC. ACCORDINGLY, THE COMBINED CONSOLIDATED FINANCIAL STATEMENTS CONTAIN NO FEDERAL, STATE, OR LOCAL PROVISION FOR INCOME TAXES. FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: TO HOLD REAL PROPERTY ON BEHALF OF TEACHERS' RETIREMENT SYSTEM OF THE STATE OF IL. FORM 990, PART VI, SECTION A, LINE 2: ALL OFFICERS AND DIRECTORS OF THE FILING ORGANIZATION HAVE A BUSINESS RELATIONSHIP WITH ONE ANOTHER BY VIRTUE OF THEIR POSITIONS AS OFFICERS, DIRECTORS, AND/OR KEY EMPLOYEES OF BARINGS, LLC. FORM 990, PART VI, SECTION A, LINE 3: SEE NARRATIVE BELOW FORM 990, PART VI, SECTION A, LINE 6 SEE NARRATIVE BELOW FORM 990, PART VI, SECTION A, LINE 7A: SEE NARRATIVE BELOW FORM 990, PART VI, SECTION A, LINE 7B: SEE NARRATIVE BELOW FORM 990, PART VI, SECTION A, LINE 8B: TR AQUA VIA CORP. DOES NOT HAVE ANY COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. AS SUCH, NO COMMITTEE MEETING MINUTES OR OTHER DOCUMENTATION HAVE BEEN REQUIRED. FORM 990, PART VI, SECTION B, LINE 11B: SEE NARRATIVE BELOW FORM 990, PART VI, SECTION C, LINE 19: SEE NARRATIVE BELOW PART VI: GOVERNANCE, MANAGEMENT, AND DISCLOSURE LINE 3, 6, 7A, 7B, 11B, 19 TR AQUA VIA CORP.'S STOCK IS OWNED 100% BY TEACHERS' RETIREMENT SYSTEM OF THE STATE OF ILLINOIS. TEACHERS' RETIREMENT SYSTEM OF THE STATE OF ILLINOIS HAS ENGAGED BARINGS LLC REAL ESTATE, AN INDEPENDENT MANAGEMENT COMPANY, TO MANAGE ALL ASPECTS OF THE ENTITY INCLUDING PREPARING THE FINANCIAL STATEMENTS AND TAX RETURNS. TEACHERS' RETIREMENT SYSTEM OF THE STATE OF ILLINOIS HAS THE ABILITY TO HIRE AND FIRE THE MANAGEMENT COMPANY AT ANY TIME, AND TEACHERS' RETIREMENT SYSTEM OF THE STATE OF ILLINOIS IS ULTIMATELY RESPONSIBLE FOR ALL DECISIONS. BARINGS LLC PERSONNEL HOLD THE OFFICER POSITIONS, BUT TEACHERS' RETIREMENT SYSTEM OF THE STATE OF ILLINOIS HAS THE ABILITY TO REMOVE/CHANGE OFFICERS AT ANY TIME. BARINGS LLC ENGAGES A PAID PREPARER TO PREPARE THE TAX RETURN BASED ON FINANCIAL STATEMENTS PROVIDED BY BARINGS LLC. ONCE THE RETURN IS PREPARED, IT IS SENT TO BARINGS LLC FOR REVIEW BY THE ACCOUNTANT ASSIGNED TO THE ENTITY AND THE OFFICER SIGNING THE RETURN. ORGANIZATION DOCUMENTS AND FINANCIAL STATEMENTS RELATED TO THE ENTITY ARE NOT MADE AVAILABLE TO THE PUBLIC. SCHEDULE R AS THE INSTITUTIONAL TRUSTEE ENGAGED TO MANAGE CERTAIN PROPERTIES OF TRS, AND RESPONSIBLE FOR THE FILING OF THIS RETURN, WE ARE LISTING THE ENTITIES THAT WE KNOW OF, THAT WE ALSO MANAGE. WE DO NOT HAVE DIRECT KNOWLEDGE OF THE TRS OTHER INVESTMENT HOLDING ENTITIES THAT MIGHT BE CONSIDERED BROTHER/SISTER ENTITIES TO THIS TAXPAYER, NOR DO WE HAVE ACCESS TO THIS INFORMATION SUFFICIENT TO INCLUDE THEM ON SCHEDULE R. 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FSC Greenwood Ltd 300 S TRYON STREET SUITE 2500 CHARLOTTE NC 28202 760680122 RETIREMENT DE N/A Finger - FSC Montrose Ltd 300 S TRYON STREET SUITE 2500 CHARLOTTE NC 28202 760651713 RETIREMENT DE N/A Finvest IV LP 300 S TRYON STREET SUITE 2500 CHARLOTTE NC 28202 010764118 RETIREMENT DE N/A Park at City West LP 300 S TRYON STREET SUITE 2500 CHARLOTTE NC 28202 411544382 RETIREMENT DE N/A SFL Gateway III JV LLC 300 S TRYON STREET SUITE 2500 CHARLOTTE NC 28202 923072035 RETIREMENT DE N/A TR-Foundry WCC JV LLC 300 S TRYON STREET SUITE 2500 CHARLOTTE NC 28202 883947254 RETIREMENT DE N/A PROVOST SQUARE I LLC 300 S Tryon Street Suite 2500 CHARLOTTE NC 28202 461865819 RETIREMENT DE N/A TB-BDN Plymouth Apartments Holdings GP L 460836872 RETIREMENT DE N/A TB-BDN Plymouth Apartments Holdings LP 300 S Tryon Street Suite 2500 CHARLOTTE NC 28202 990379871 RETIREMENT DE N/A 80 BROAD STREET HOLDINGS LLC 300 S Tryon Street Suite 2500 CHARLOTTE NC 28202 471762661 RETIREMENT DE N/A ISS APARTMENT CORPORATION 208 North Green Street Suite 404 Chicago IL 60607 232564879 RETIREMENT IL false false true false false false false false false false false false false false false false false true true TEACHERS' RETIREMENT SYSTEM OF ILLINOIS R 512247 CASHFLOWS TEACHERS' RETIREMENT SYSTEM OF ILLINOIS S 29735382 CASHFLOWS