Broker Rewards 2024

TERMS AND CONDITIONS

​​​​Montecito Medical Operating Company, LLC (the “Company”) is offering an award to qualifying real estate brokers and agents who are the procuring cause of the acquisition of and closing on by the Company or its affiliates of a qualifying asset within the specified timeframe. This award is subject to the following terms and conditions:

1. A “qualifying asset” means real property, or group of real properties in a portfolio (collectively a “property”), that meets the following qualifications: (a) the property is improved and used entirely for medical purposes, such as, for example, a physicians’ office building or surgery center; (b) the property has a gross transaction value greater than $5 million, and (c) the property has not been listed with a brokerage or marketed to any other expected buyers of such property.
2. To meet the specified timeframe, the qualifying asset(s) must have been presented to the Company after 8:00 a.m. (CST) on January 1, 2024 and have closed by December 31, 2024, to be eligible for the 2024 Broker Rewards. Assets received after December 31, 2024, may be eligible for a future Broker Rewards program, if any.
3. A “qualifying real estate broker or agent” means a natural person holding an active license to act as a real estate broker or agent in the jurisdiction in which the qualifying asset is situated. Employees of the Company and/or its affiliates and subsidiaries and their immediate family members and/or those living in the household of each such employee are not eligible.
4. The award is limited to one (1) broker or agent per qualifying asset.
5. The award shall consist of airfare and/or a single unit of accommodations, valued at up to $15,000, among the portfolio of exclusive residences and hotels within the United States offered by Inspirato. The trip must be scheduled, and the Company notified, before May 1, 2025. Any food, beverage or other incidental expenses and all other costs and expenses not specifically listed as part of the award are the sole responsibility of the award recipient and not the Company.
6. Family and friends may join the award recipient, provided that the occupancy limit of the accommodation is not exceeded.
7. Award recipients may opt for a cash award of $15,000 in lieu of the trip.
8. The award recipient is solely responsible for all federal, state and local taxes associated with this award.
9. The award is not transferable.
10. The Company shall be under no obligation to acquire any particular qualifying asset, and it shall have no responsibility to any participant to cause the closing of the acquisition of any presented qualifying asset to occur within the specified timeframe.
11. By accepting an award, the recipient agrees to permit the Company to use his or her name and, if applicable, broker and brokerage company, in the Company’s publicity materials identifying such parties as an award recipient without further payment or consideration. The award recipient agrees to provide additional publicity releases to the Company consistent with the foregoing upon request.
12. In the event Inspirato no longer offers accommodations comparable to those existing as of March 1, 2024, the Company reserves the right to substitute an award of comparable nature and equal or greater value.
13. By participating in the contest, each award recipient agrees to release, hold harmless and indemnify the Company, its affiliates and subsidiaries, and their respective employees from and against any and all liability whatsoever for any injuries, losses, harm, damage (including but not limited to property damage, personal injury and/or death), claims, actions, costs and expenses (including without limitation, all attorneys’ fees and court costs) (collectively, “Damages”) arising directly or indirectly from or in connection with his or her participation in the contest, acceptance, or use of the award or participation in any award-related activity, including without limitation Damages arising out of the travel and accommodations provided as a part of the award.
14. The opportunity to receive an award is void where and under circumstances prohibited or otherwise restricted by law.
15. Issues and questions concerning the construction, validity, interpretation and enforceability of these Terms and Conditions, or the rights and obligations of the entrant and the Company, shall be governed by, and construed in accordance with the laws of the state of Tennessee, without giving effect to any choice of law or conflict of law rules or provisions that would cause the application of the laws of any jurisdiction other than Tennessee. Any action or litigation concerning this Agreement shall take place exclusively in the federal or state courts sitting in Davidson County, Tennessee, and each person claiming an award expressly consents to the jurisdiction of and venue in such courts and waive all defenses of lack of jurisdiction and inconvenient forum with respect to such courts.