2023-05-15T12:18:09-05:00 2022-06-30 135565207 KPMG LLP 2323 ROSS AVENUE SUITE 1400 DALLAS TX 752012709 990 2021-07-01 202918079 TR TIPTON CORP TRTI 9727157400 2001 ROSS AVENUE SUITE 3400 DALLAS TX 75201 LEE PHEGLEY VICE PRESIDENT 9727157400 2023-05-15 1 LEE PHEGLEY 999009999 AMY KORONKA P01214174 2148402000 2023-05-15 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z LEE PHEGLEY 2001 ROSS AVENUE SUITE 3400 DALLAS TX 75201 3215693 0 X N/A X 2005 DE TO OPERATE AS A TITLE HOLDING CORPORATION W/IN THE MEANING OF IRC SEC. 501(C)(25) & HOLD TITLE TO REAL PROPERTY ON BEHALF OF TEACHERS' RETIREMENT SYSTEM OF THE STATE OF ILLINOIS. X 2 2 0 0 0 0 0 0 0 0 831 1145 2485593 1955671 2486424 1956816 0 0 0 0 0 0 0 0 0 155401 123345 155401 123345 2331023 1833471 67503712 75756682 459494 34054480 67044218 41702202 NONE 0 0 TR TIPTON CORP. OPERATES AS A TITLE HOLDING CORPORATION WITHIN THE MEANING OF IRC SECTION 501(C)(25) AND HOLDS TITLE TO REAL PROPERTY ON BEHALF OF TEACHERS' RETIREMENT SYSTEM OF THE STATE OF ILLINOIS (RETIREMENT SYSTEM). THE ORGANIZATION COLLECTS THE INCOME FROM THE PROPERTY AND REMITS IT TO THE RETIREMENT SYSTEM. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 8 0 1 0 0 0 0 0 0 0 0 0 0 0 X 2 2 1 1 0 0 1 1 1 1 0 0 0 1 0 0 0 0 0 0 GA X INVESCO ADVISERS INC 9727157400 2001 ROSS AVENUE SUITE 3400 DALLAS TX 75201 X R SCOTT DENNIS DIRECTOR 1.00 23.00 X 0 0 0 BETH ZAYICEK DIRECTOR 1.00 23.00 X 0 0 0 MICHAEL KIRBY PRESIDENT 1.00 23.00 X 0 0 0 JASON W GEER VP/SEC 1.00 23.00 X 0 0 0 BERT J CROUCH VP/ASST SEC 1.00 23.00 X 0 0 0 CHRIS CLEGHORN VP/ASST SEC 1.00 23.00 X 0 0 0 JACKSON LAPIN VP/ASST SEC 1.00 23.00 X 0 0 0 PETER FEINBERG VP/ASST SEC 1.00 23.00 X 0 0 0 R LEE PHEGLEY JR VP/ASST SEC 1.00 23.00 X 0 0 0 DUNCAN WALKER VP/ASST SEC 1.00 23.00 X 0 0 0 KEVIN PIROZZOLI VP/ASST SEC 1.00 23.00 X 0 0 0 PERRY CHUDNOFF VP/ASST SEC 1.00 23.00 X 0 0 0 TOM HURST VP/ASST SEC 1.00 23.00 X 0 0 0 HALEY WALDRON TREASURER/ASST SEC 1.00 23.00 X 0 0 0 0 0 0 0 0 0 0 CBRE INC PO BOX 848844 LOS ANGELES CA 900848844 PROPERTY MANAGEMENT 622714 ACE PAVING & MAINTENANCE LLC 3465 FRANCIS ROAD APPHARETTA GA 30004 PARKING LOT 167945 INVESCO ADVISERS INC 2001 ROSS AVE SUITE 3400 DALLAS TX 75201 MANAGEMENT SERVICES 152563 3 1145 1145 3214548 1258877 1955671 1955671 1955671 1956816 0 0 1956816 123345 123345 123345 0 123345 0 45009 158324 521694 518519 37009 42928 32646146 32374201 32646146 34525799 42390765 67503712 75756682 448283 601179 33450000 11211 3301 459494 34054480 X 0 0 42965260 43871401 24078958 -2169199 67044218 41702202 67503712 75756682 X 1833471 7528055 -34703542 X 0 1 X 0 0 30301736 30301736 2344410 2344410 32646146 FINANCING COST 336912 UNREALIZED APPRECIATION OF PROPERTY 42053853 42390765 PREPAID RENT 3301 3301 X PART X, LINE 2: FIN 48 FOOTNOTE: THE TRS PORTFOLIO HAD NO UNCERTAIN TAX POSITIONS WHICH WOULD REQUIRE THE TRS PORTFOLIO TO RECORD A TAX EXPOSURE LIABILITY AS OF AND FOR THE YEARS ENDED JUNE 30, 2022 AND 2021. THE TRS PORTFOLIO EXPECTS NO SIGNIFICANT INCREASES OR DECREASES IN UNRECOGNIZED TAX BENEFITS DUE TO CHANGES IN TAX POSITIONS WITHIN ONE YEAR OF JUNE 30, 2022. THE TRS PORTFOLIO HAS NO SIGNIFICANT INTEREST OR PENALTIES RELATING TO INCOME TAXES RECOGNIZED IN THE ACCOMPANYING COMBINED CONSOLIDATED FINANCIAL STATEMENTS AS OF AND FOR THE YEARS ENDED JUNE 30, 2022 AND 2021. AS OF JUNE 30, 2022 RETURNS FOR THE TAX YEARS 2019 THROUGH 2021 GENERALLY REMAIN SUBJECT TO EXAMINATION BY U.S. AND VARIOUS STATE AND LOCAL TAX JURISDICTIONS. THE TRS PORTFOLIO INCLUDES INVESTMENTS THAT TRS OWNS DIRECTLY AND INDIRECTLY THROUGH TITLE HOLDING COMPANIES, WHOLLY OWNED CORPORATIONS, AND LIMITED PARTNERSHIPS. THE TITLE HOLDING COMPANIES ARE TAX EXEMPT UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(25) AND RELATED STATE AND LOCAL INCOME TAX LAW. WITH RESPECT TO TRS'S DIRECT INTEREST IN THE LIMITED PARTNERSHIPS, CORPORATIONS, AND WHOLLY OWNED PROPERTIES, NO PROVISION FOR INCOME TAXES IS NECESSARY AS TRS IS AN INTEGRAL PART OF THE STATE OF ILLINOIS AND IS NOT SUBJECT TO FEDERAL, STATE, AND LOCAL INCOME TAX. ALTERNATIVELY, THE INCOME THAT TRS GENERATES IS FROM THE EXERCISE OF AN ESSENTIAL GOVERNMENTAL FUNCTION AND ACCRUES TO THE STATE OF ILLINOIS AND IS THEREFORE EXCLUDED FROM GROSS INCOME UNDER SECTION 115 OF THE IRC. ACCORDINGLY, THE COMBINED CONSOLIDATED FINANCIAL STATEMENTS CONTAIN NO FEDERAL, STATE, OR LOCAL PROVISION FOR INCOME TAXES. CASH DISTRIBUTION TO SHAREHOLDER 2022-02-24 35609684 CASH 886021338 PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF NEVADA 1701 PENNSYLVANIA AVE NW STE 1 WASHINGTON DC 20006 401(A) 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 ALL OFFICERS AND DIRECTORS OF THE FILING ORGANIZATION HAVE A BUSINESS RELATIONSHIP WITH ONE ANOTHER BY VIRTUE OF THEIR POSITIONS AS OFFICERS, DIRECTORS, AND/OR KEY EMPLOYEES OF INVESCO ADVISERS, INC. FORM 990, PART VI, SECTION A, LINE 3 SEE NARRATIVE BELOW. FORM 990, PART VI, SECTION A, LINE 6 SEE NARRATIVE BELOW. FORM 990, PART VI, SECTION A, LINE 7A SEE NARRATIVE BELOW. FORM 990, PART VI, SECTION A, LINE 7B SEE NARRATIVE BELOW. FORM 990, PART VI, SECTION A, LINE 8B TR TIPTON CORP. DOES NOT HAVE ANY COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. AS SUCH, NO COMMITTEE MEETING MINUTES OR OTHER DOCUMENTATION HAVE BEEN REQUIRED. FORM 990, PART VI, SECTION B, LINE 11B SEE NARRATIVE BELOW. FORM 990, PART VI, SECTION C, LINE 19 SEE NARRATIVE BELOW. FORM 990, PART XI, LINE 9: ADDITIONAL PAID-IN CAPITAL 906,142. DISTRIBUTIONS TO SHAREHOLDERS -35,609,684. PART VI: GOVERNANCE, MANAGEMENT, AND DISCLOSURE LINE 3, 6, 7A, 7B, 11B, 19 TR TIPTON CORP.'S STOCK IS OWNED 100% BY TEACHERS' RETIREMENT SYSTEM OF THE STATE OF ILLINOIS. TEACHERS' RETIREMENT SYSTEM OF THE STATE OF ILLINOIS HAS ENGAGED INVESCO REAL ESTATE, AN INDEPENDENT MANAGEMENT COMPANY, TO MANAGE ALL ASPECTS OF THE ENTITY INCLUDING PREPARING THE FINANCIAL STATEMENTS AND TAX RETURNS. TEACHERS' RETIREMENT SYSTEM OF THE STATE OF ILLINOIS HAS THE ABILITY TO HIRE AND FIRE THE MANAGEMENT COMPANY AT ANY TIME, AND TEACHERS' RETIREMENT SYSTEM OF THE STATE OF ILLINOIS IS ULTIMATELY RESPONSIBLE FOR ALL DECISIONS. INVESCO PERSONNEL HOLD THE OFFICER POSITIONS, BUT TEACHERS' RETIREMENT SYSTEM OF THE STATE OF ILLINOIS HAS THE ABILITY TO REMOVE/CHANGE OFFICERS AT ANY TIME. INVESCO ENGAGES A PAID PREPARER TO PREPARE THE TAX RETURN BASED ON FINANCIAL STATEMENTS PROVIDED BY INVESCO. ONCE THE RETURN IN PREPARED, IT IS SENT TO INVESCO FOR REVEIW BY THE ACCOUNTANT ASSIGNED TO THE ENTITY AND THE OFFICER SIGNING THE RETURN. ORGANIZATION DOCUMENTS AND FINANCIAL STATEMENTS RELATED TO THE ENTITY ARE NOT MADE AVAILABLE TO THE PUBLIC. 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