(Solution) - Is it a breach of fiduciary duty for a director -(2025 Original AI-Free Solution)

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Is it a breach of fiduciary duty for a director of a real estate investment trust (REIT) negotiating a joint venture on behalf of the REIT with another director for the development of a portfolio of the REIT's properties to indicate a desire to co-invest in buying an interest in the properties without disclosing the possibility to the REIT?