by us) on the date of the revaluation. Our operating partnership may issue preferred partnership interests, in connection with acquisitions of property or otherwise, which could have priority over Common Units with respect to distributions from our operating partnership, including the Common Units we own. Redemption Rights Any future limited partners, other than us or our subsidiaries, will receive redemption rights, which will enable them to cause our operating partnership, on or after the date that is 12 months from the date of issuance of a Common Unit to a limited partner, to redeem all or a portion of the Common Units held by such limited partner in exchange for cash, or at our option, for shares of our common stock on a one-for-one basis. The cash redemption amount per Common Unit would be based on the market price of our common stock at the time of redemption. number of shares of our common stock issuable upon redemption of Common Units held by limited partners may be adjusted upon the occurrence of certain events such as stock dividends, stock subdivisions or combinations. We expect to fund cash redemptions, if any, out of available cash and/or borrowings. Notwithstanding the foregoing, a limited partner will not be entitled to exercise its redemption rights if the delivery of common stock to the redeeming limited partner would cause: • the redeeming partner or any other person to violate any of the restrictions on ownership and transfer or our stock contained in our charter; • a termination of our operating partnership for U.S. federal or state income tax purposes (except as a result of the redemption of all units other than those owned by us); • our operating partnership to cease to be classified as a partnership for U.S. federal income tax purposes (except as a result of the redemption of all units other than those owned by us); • our operating partnership to become, with respect to any employee benefit plan subject to Title I of E