TERMINATION OF ADVISORY AGREEMENT
TERMINATION OF ADVISORY AGREEMENT dated as of December 13,
1999 between EQK REALTY INVESTORS I (the "Trust") and LEND LEASE PORTFOLIO
MANAGEMENT, INC. (the "Adviser").
The Trust and the Adviser are currently parties to an advisory
agreement (the "Advisory Agreement"). In light of the imminent filing by the
Trust of a bankruptcy petition, the Adviser desires to terminate the Advisory
Agreement. Accordingly, the Trust and Adviser hereby agree as follows:
1. The Advisory Agreement is terminated as of the date
hereof.
2. Neither the Trust nor the Adviser waives any claims
arising under the Advisory Agreement.
3. The Adviser agrees to provide reasonable assistance
to the Trust and the entity that will act as
successor adviser upon the reasonable request of the
Trust or such successor without additional
consideration (other than reimbursement of any
reasonably documented out-of-pocket expenses).
IN WITNESS WHEREOF, the undersigned have executed and
delivered this Termination of Advisory Agreement as of the date set forth above.
EQK REALTY INVESTORS I
By:/s/ Gregory R. Greenfield
--------------------------------
Name: Gregory R. Greenfield
Title: President
LEND LEASE PORTFOLIO MANAGEMENT, INC.
By:/s/ Don Henry
-------------------------
Name: Don Henry
Title: Vice President
EXHIBIT 99.1