2025-12-22T10:47:54-06:00 2025-01-31 882730877 CHERRY BEKAERT ADVISORY LLC 6116 EXECUTIVE BLVD STE 600 ROCKVILLE MD 20852 990 2024-02-01 521927939 CAPREIT WELFARE BENEFIT TRUST CAPR 3012318700 6116 EXECUTIVE BLVD 100 ROCKVILLE MD 20852 IRA STRASSBERG OFFICER 3012318700 2025-12-22 1 1 BREE-ANN WEIDNER P01319397 3015899000 2024 2025-03-06 01:10:19Z IRA STRASSBERG 6116 EXECUTIVE BLVD 100 ROCKVILLE MD 20852 3579106 0 X N/A X 2013 MD TO SUPPORT HEALTH AND OTHER BENEFITS TO BE PAID TO THE ELIGIBLE EMPLOYEES OF CAPREIT. 1 1 0 0 86668 79556 0 0 4209763 3492438 53218 86668 0 0 4262981 3579106 0 0 3527123 4139048 0 0 0 0 0 269700 244819 3796823 4383867 466158 -804761 2417145 1670016 33417 91049 2383728 1578967 X CAPREIT WELFARE BENEFIT PLAN (THE PLAN) WAS FORMED TO SERVE AS THE FUNDING VEHICLE FOR HEALTH AND OTHER BENEFITS TO BE PAID TO THE ELIGIBLE EMPLOYEES OF CAPREIT OPERATING LP, CAPREIT RESIDENTIAL CORPORATION, AND CAPREIT MANAGEMENT, LLC AND THEIR RESPECTIVE ELIGIBLE DEPENDENTS PURSUANT TO THE CAPREIT WELFARE BENEFIT PLAN. THE PLAN IS ENGAGED IN NO ACTIVITIES OTHER THAN THOSE REQUIRED TO MAINTAIN ITS EXISTENCE. 0 0 THE PLAN PROVIDES BENEFITS CONSISTING OF (I) A PARTIALLY SELF-FUNDED HEALTH PROGRAM PROVIDING MEDICAL, DENTAL, AND PRESCRIPTION BENEFITS, (II) A PREMIUM CONVERSION PROGRAM DESIGNED TO ENABLE PARTICIPANTS TO PAY THEIR PORTION OF THE COST OF COVERAGE ON A PRE-TAX BASIS UNDER THE EMPLOYER'S SELF-INSURED HEALTH PROGRAM, (III) A LIFE TERM DISABILITY PROGRAM, AND (V) AN ORGAN OR TISSUE TRANSPLANT PROGRAM. CURRENT HEALTH CLAIMS OF PARTICIPANTS AND THEIR PARTICIPATING ELIGIBLE DEPENDENTS ARE PROVIDED UNDER A GROUP STOP-LOSS INSURANCE ARRANGEMENT AFTER CERTAIN INDIVIDUAL AND FAMILY LIMITS OF $150,000 AND AGGREGATE CLAIMS LIMITS WHICH ARE BASED ON AN AGREED-UPON FORMULA WITH THE INSURER ARE MET. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 1 1 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 MD X CAPREIT OPERATING LP 3012318700 6116 EXECUTIVE BLVD SUITE 100 ROCKVILLE MD 20852 X CAPREIT OPERATING LP TRUSTEE 1.00 0.00 X 0 0 0 0 0 0 0 0 0 0 0 EMPLOYER & EMPLOYEE CO 900099 3492438 3492438 3492438 86668 86668 3579106 3492438 86668 0 4139048 3234 225714 4848 TAXES, LICENSES & PERMI 11023 4383867 2388288 1612675 28857 57341 2417145 1670016 33417 91049 33417 91049 X 2383728 1578967 2383728 1578967 2417145 1670016 -804761 0 X 0 1 X 0 0 0 X 3579106 0 3579106 0 3579106 4383867 0 4383867 0 4383867 PART X, LINE 2: U.S. GAAP REQUIRES PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. AS OF NOVEMBER 14, 2025, THE DATE THE FINANCIAL STATEMENTS WERE AVAILABLE TO BE ISSUED, REQUIRED NONDISCRIMINATION TESTING FOR THE YEAR ENDED JANUARY 31, 2025 HAD NOT BEEN COMPLETED FOR THE PLAN. PLAN MANAGEMENT DOES NOT BELIEVE THAT THIS WILL HAVE A MATERIAL IMPACT ON THE PLAN'S FINANCIAL STATEMENTS AND WILL TAKE APPROPRIATE ACTIONS, IF ANY ARE REQUIRED, TO MAINTAIN THE PLAN'S QUALIFIED TAX STATUS. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN, AND HAS CONCLUDED THAT AS OF JANUARY 31, 2025, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. FORM 990, PART VI, SECTION A, LINE 7A CAPREIT OPERATING LIMITED PARTNERSHIP IS THE PLAN SPONSOR, THE ADMINISTRATOR. THEY HAVE THE POWER TO APPOINT THE TRUSTEE AND TERMINATE THE PLAN. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE TRUSTEE. FORM 990, PART VI, SECTION B, LINE 11B OFFICERS OF THE TRUSTEE'S GENERAL PARTNER REVIEW THE PLAN'S FEDERAL FORM 990 FOR ACCURACY PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12 THE TRUSTEE USES THE CONFLICT OF INTEREST OF ITS GENERAL PARTNER. THE TRUSTEE'S GENERAL PARTNER MONITORS AND ENFORCES COMPLIANCE WITH THE POLICY AND ANY IMPACT ON PLAN ADMINISTRATION. FORM 990, PART VI, SECTION C, LINE 19 THE PLAN MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CAPREIT OPERATING LIMITED PARTNERSHIP 6116 EXECUTIVE BLVD SUITE 100 ROCKVILLE MD 20852 522064504 REAL ESTATE MD N/A INVESTMENT 0 0 CAPREIT RESIDENTIAL MANAGEMENT 6116 EXECUTIVE BLVD SUITE 100 ROCKVILLE MD 20852 522347515 REAL ESTATE MD N/A N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1