In Subsection R162-2f-102 (36), the definition of "Sponsor" is amended. In Section R162-2f-307, the disclosures required for all undivided fractionalized long-term estates are set forth in the proposed amendment. In addition to the disclosures for all undivided fractionalized long-term estates, additional disclosures are required for any undivided fractionalized long-term estates that include any of the following conditions: 1) management of the real property by the sponsor or an affiliate of the sponsor; 2) multiple tenants; 3) debt on the real property; or 4) a master lease agreement.