2025-05-15T16:35:58-05:00 2024-06-30 PwC US Tax LLP 101 SEAPORT BLVD SUITE 500 BOSTON MA 02210 990 2023-07-01 473710173 TR Stonehollow Corp C/O BARINGS LLC % C/O BARINGS LLC TRST 7048057200 300 S Tryon Street Suite 2500 Charlotte NC 28202 Brenda Abbott DIRECTOR 8605092200 2025-05-15 true true Laura McNeil P01427424 8602417000 2025-05-13 2023 2025-03-06 01:10:19Z Elena Walsh 300 S Tryon Street Suite 2500 Charlotte NC 28202 4461202 false X N/A X 2015 DE TO ACQUIRE AND HOLD TITLE TO REAL PROPERTY, COLLECT THE INCOME THEREFROM AND REMIT THE ENTIRE AMOUNT, LESS EXPENSES, TO ITS SHAREHOLDERS. 1 0 0 0 0 0 257699 0 4203503 0 0 7691008 0 7691008 4461202 0 0 0 4058500 0 0 0 0 0 3919562 262719 3919562 4321219 3771446 139983 114392203 103333976 37712156 37818751 76680047 65515225 TO ACQUIRE AND HOLD TITLE TO REAL PROPERTY, COLLECT THE INCOME THEREFROM AND REMIT THE ENTIRE AMOUNT, LESS EXPENSES, TO ITS SHAREHOLDERS. false false 531120 THE CORPORATION IS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF ACQUIRING, HOLDING TITLE TO AND COLLECTING INCOME FROM REAL PROPERTY. THE ENTIRE AMOUNT OF INCOME (LESS EXPENSES) IS REMITTED TO ONE OR MORE ORGANIZATIONS DESCRIBED IN THE IRS SECTION 501(C)(25), WHICH ARE SHAREHOLDERS. false false false false false false false false false true false true false true true false true false false false false false false false false false false false false false false false false false false false false false false false true false false true 9 0 true 0 false false false false false false false false false X 1 0 true true false false true false true true true false false true false false false false false false X CO BARINGS LLC 8605092200 300 S TRYON STREET SUITE 2500 CHARLOTTE NC 28202 BARINGS LLC Non-Member Manager 48.0 3.0 X 262719 4857938 0 Elena Walsh Director 1.5 0.0 X 0 0 0 Robert Whitney Director 2.0 0.0 X 0 0 0 262719 4857938 0 1 false false false HPI REAL ESTATE MGMT INC 3700 N CAP OF TEXAS HWY STE 420 AUSTIN TX 78746 REAL ESTATE 244790 LONE STAR WATERPROOFINGRESTORA 1161 BEECHWOOD DR KYLE TX 78640 44437 PS LANDSCAPES INC PO BOX 81702 AUSTIN TX 787081702 129923 2 257699 257699 GROSS RENTAL REVENUE 531120 4203503 4203503 4203503 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4461202 4203503 0 0 0 4058500 4058500 0 0 0 0 0 0 262719 262719 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4321219 4058500 262719 53397 121628 0 0 0 0 99028 65030 0 0 0 0 0 0 0 0 8955 11783 100475064 111584802 100475064 0 0 0 0 0 0 0 0 2646021 2660471 114392203 103333976 848998 917456 0 0 16001 0 0 0 0 0 0 0 36400000 36400000 0 0 447157 501295 37712156 37818751 X 0 0 32621647 32879346 44058400 32635879 76680047 65515225 114392203 103333976 X 139983 -11304807 2 X false true X true false 8185795 8185795 43499029 43499029 774219 774219 48016021 48016021 100475064 0 TENANT SECURITY DEPOSIT 407673 OTHER LIABILITIES 93622 501295 PART X, line 2, ASC 740 FN THE PORTFOLIO HAD NO UNCERTAIN TAX POSITIONS WHICH WOULD REQUIRE THE PORTFOLIO TO RECORD A TAX EXPOSURE LIABILITY AS OF AND FOR THE YEAR ENDED JUNE 30, 2024. THE PORTFOLIO EXPECTS NO SIGNIFICANT INCREASES OR DECREASES IN UNRECOGNIZED TAX BENEFITS DUE TO CHANGES IN TAX POSITIONS WITHIN ONE YEAR OF JUNE 30, 2024. THE PORTFOLIO HAS NO INTEREST OR PENALTIES RELATING TO INCOME TAXES RECOGNIZED IN THE COMBINED FINANCIAL STATEMENTS. THE PORTFOLIO INCLUDES INVESTMENTS THAT TRS OWNS DIRECTLY AND INDIRECTLY THROUGH TITLE HOLDING COMPANIES, SINGLE MEMBER LIMITED LIABILITY COMPANIES (SMLLCS), WHOLLY-OWNED CORPORATIONS, AND JOINT VENTURE 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' DIRECT INTEREST IN THE JOINT VENTURE PARTNERSHIP, SMLLCS, AND WHOLLY-OWNED CORPORATIONS, 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 ACCOMPANYING COMBINED FINANCIAL STATEMENTS CONTAIN NO FEDERAL, STATE, OR LOCAL PROVISION FOR INCOME TAXES. PART VI, SECTION A, QUESTION 2 ALL OFFICERS AND DIRECTORS OF THE ORGANIZATION ARE EMPLOYEES OF BARINGS LLC WHICH PROVIDE REAL ESTATE MANAGEMENT SERVICES TO THE ENTITY ON BEHALF OF TEACHERS' RETIREMENT SYSTEM OF THE STATE OF ILLINOIS ("TRS"). PART VI, SECTION A, QUESTION 3 BARINGS LLC HAS BEEN ENGAGED BY TEACHERS' RETIREMENT SYSTEM OF THE STATE OF ILLINOIS TO PERFORM ALL MANAGEMENT DUTIES. PART VI, SECTION A, QUESTION 6 THE SOLE SHAREHOLDER OF TR STONEHOLLOW CORP. IS THE TEACHERS' RETIREMENT SYSTEM OF THE STATE OF ILLINOIS. PART VI, SECTION A, QUESTION 7B THE BUSINESS OF THE CORPORATION SHALL BE MANAGED BY ITS BOARD OF DIRECTORS. ALL DECISIONS MADE BY THE BOARD OF DIRECTORS ARE AUTHORIZED BY THE SHAREHOLDERS. PART VI, SECTION B, QUESTION 11 THE TAX RETURN IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND A COPY OF THE ORGANIZATION'S FORM 990 WAS DISTRIBUTED TO THE GOVERNING BODY PRIOR TO IT'S FILING WITH THE IRS. BARINGS LLC REVIEWED THE FORM 990 PRIOR TO SIGNING AND FILING WITH THE IRS. PART VI, SECTION B, QUESTIONS 12,13, & 14 THERE ARE NO SEPARATE WRITTEN POLICIES FOR TR STONEHOLLOW CORP. HOWEVER, THE MEMBERS OF THE GOVERNING BODY ARE EMPLOYEES OF THE MANAGEMENT COMPANY, BARINGS LLC, AND ARE SUBJECT TO THE CONFLICT OF INTEREST AND OTHER POLICIES OF THE MANAGEMENT COMPANY. ANNUALLY, THE BARINGS COMPLIANCE OFFICER CONFIRMS OFFICER COMPLIANCE WITH THESE POLICIES. PART VI, SECTION C, QUESTION 19 INFORMATION ABOUT THE ORGANIZATION'S INVESTMENT PROGRAMS, GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE GENERAL PUBLIC. PART X, LINE 10B AND SCH D, PART VI THE INVESTMENTS IN LAND AND BUILDING ARE RECORDED AT FAIR VALUE ON THE TRIAL BALANCE. THE BALANCE SHEET IS NOT ADJUSTED TO REFLECT HISTORICAL COST LESS ACCUMULATED DEPRECIATION. THE AMOUNT OF ANY CURRENT CHANGE IN UNREALIZED APPRECIATION/DEPRECIATION IS ADJUSTED DIRECTLY THROUGH EQUITY WITH NO CURRENT IMPACT ON NET INCOME. FORM 990, PART XI - RECONCILIATION OF NET ASSETS DISTRIBUTIONS TO TRS (4,058,500.00) CONTRIBUTIONS FROM TRS 257,699 _________ OTHER CHANGES IN NET ASSETS: (3,800,801) PART XII, QUESTION 2C BARINGS LLC, AS ADVISOR FOR TEACHERS' RETIREMENT SYSTEM OF THE STATE OF ILLINOIS PORTFOLIO, IS RESPONSIBLE FOR THE OVERSIGHT AND REVIEW OF ITS CONSOLIDATED AUDITED FINANCIAL STATEMENTS WHICH INCLUDES TR STONEHOLLOW CORP. PART XII, QUESTION 2D THERE ARE NO SEPARATE FINANCIAL STATEMENTS FOR TR STONEHOLLOW CORP. HOWEVER, THE INVESTMENT IN TR STONEHOLLOW CORP. IS AUDITED AS PART OF THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE TEACHERS' RETIREMENT SYSTEM OF THE STATE OF ILLINOIS. SCHEDULE R AS THE INSTITUTIONAL TRUSTEE ENGAGED TO MANAGE CERTAIN PROPERTIES OF TRS, AND RESPONSIBLE FOR THE FILING OF THIS RETURN, WE ARE LISTING THE ENTITIES THAT WE KNOW OF, THAT WE ALSO MANAGE. WE DO NOT HAVE DIRECT KNOWLEDGE OF THE TRS OTHER INVESTMENT HOLDING ENTITIES THAT MIGHT BE CONSIDERED BROTHER/SISTER ENTITIES TO THIS TAXPAYER, NOR DO WE HAVE ACCESS TO THIS INFORMATION SUFFICIENT TO INCLUDE THEM ON SCHEDULE R. 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