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    <title>PARTIES TO REAL ESTATE INVESTMENT TRUSTS – MANAGER</title>
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    <description>The Manager must be a corporate entity meeting net worth, experience, personnel and board composition criteria and enter into an agreement with the Trustee. The Manager makes investment and asset-management decisions, ensures legal title, appoints and supervises valuers and intermediaries, procures insurance, computes and declares NAV based on valuer reports, arranges annual audits and disclosures, declares distributions, and must not take undisclosed commissions. It must furnish regular reports to the Trustee, maintain governance and compliance reporting to the board and stock exchanges, operate a vigil mechanism, and redress investor grievances within prescribed timelines.</description>
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