The Trust is externally managed by ARA Trust Management (USH) Pte. Ltd. (REIT Manager) and ARA Business Trust Management (USH) Pte. Ltd. (Trustee-Manager), collectively the Managers.

The REIT Manager has general powers of management over the assets of ARA H-REIT. The REIT Manager's main responsibility is to manage ARA H-REIT's assets and liabilities for the benefit of the holders of ARA H-REIT Units. The REIT Manager will set the strategic direction of ARA H-REIT and give recommendations to the REIT Trustee on the acquisition, divestment, development and/or enhancement of the assets of ARA H-REIT in accordance with its stated investment strategy.

The REIT Manager has been issued a capital markets services licence for REIT management (the "CMS Licence") pursuant to the SFA on 2 May 2019 and is regulated by the MAS.

The Trustee-Manager has the dual responsibilities of safeguarding the interests of the holders of ARA H-BT Units, and managing the business conducted by ARA H-BT. The Trustee-Manager has general powers of management over the business and assets of ARA H-BT and its main responsibility is to manage ARA H-BT's assets and liabilities for the benefit of the holders of ARA H-BT Units.

Management Reporting Structure of the Managers

Structure

Notes:
  1. Mr. James S. Jung is employed by the Manager U.S. Sub and is based in the United States.
  2. Ms. Lisa Swain is employed by the US subsidiary of the Trustee-Manager.