16. You are raising $1 billion of capital in a commingled fund to invest in value-added office and retail properties in the Southwest. It is projected that the fund will contain at least 30 properties. You have hired three asset managers, six acquisition professionals and two portfolio managers for the fund. The asset manager is typically responsible for which function?

A. Overseeing the property managers B. Preparing detailed investor financial reports C. Making decisions about property sales, refinancings, and investor distributions D. Paying real estate taxes