UPREIT
Also called: umbrella partnership REIT · 721 UPREIT
A real-estate structure in which property owners may contribute property to an operating partnership associated with a REIT, typically in exchange for operating-partnership units.
What it means in practice.
UPREIT transactions are commonly discussed under Section 721 rather than Section 1031. They involve tax, securities, liquidity, governance and valuation considerations.
Why it matters.
This is an adjacent strategy, not a direct synonym for a 1031 exchange.
Additional notes.
UPREIT transactions are commonly discussed under Section 721 rather than Section 1031. They involve tax, securities, liquidity, governance and valuation considerations.
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