LeaseCo
The master-tenant LLC on the DST’s lease. Named on the lease and the side letter.
The role is master tenant. The company is usually styled Foo LeaseCo. The lease is DST → LeaseCo.
A side letter can send excess revenue and disposition fees to the initial beneficiary until Full Redemption. The IB, the signatory trustee, and the property manager are different seats.
Why it shows up here: the 12 Apr 2022 Vintage LeaseCo side letter. KHCA is a named third-party beneficiary.