This is an operating partnership in which the partners of one REIT team up with the principles of another, newer REIT. For interests of both parties in the operating partnership, the partners from the older REIT contribute the properties, while the new REIT contributes the money from its public offering. After a given period of time has passed, often one year, the partners are allowed to have the same liquidity as the REIT shareholders through selling their pieces of their partnership for either cash or REIT shares. Also, when a partner in this partnership possesses the units until death, the federal estate tax allows the beneficiaries to sell the units for cash or REIT shares without paying income tax.
Related information about Umbrella Partnership Real Estate Investment Trust (UPREIT):
- What is Umbrella Partnership Real Estate Investment Trust (UPREIT ...
Definition of Umbrella Partnership Real Estate Investment Trust (UPREIT): This is an operating partnership in which the partners of one REIT team up with the ...
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This Umbrella Partnership Real Estate Investment Trust (UPREIT) transaction manifests our opportunity-driven strategy of expanding into prime industrial target ...
- Legal Library - A Primer On UPREITS As A Vehicle To Defer Taxes
An umbrella partnership real estate investment trust (UPREIT) gives real estate owners access to public capital markets, while permitting them to defer taxes, ...
- Text - U.S. Government Printing Office
Sep 18, 2012... where both of the companies that form an umbrella partnership real estate investment trust (``UPREIT'') structure are listed on the Exchange, ...
- Interagency CRA Interpretive Letter --- December 23, 1996
Dec 23, 1996 ... The developer now proposes to establish an umbrella partnership real estate investment trust (UPREIT) through which to finance its ...
- REITs - Practices - Hogan Lovells
In fact, we pioneered the umbrella partnership real estate investment trust ( UPREIT) structure that is today employed by almost all REITs in the United States .
- B - Real Estate Finance Terms - ICSC - International Council of ...
UPREIT: In the typical umbrella partnership real estate investment trust (UPREIT), the partners of an existing partnership and a newly formed REIT become ...
- Thompson & Knight LLP - REITs and Real Estate Securitization
We have served as principal counsel in many REIT transactions, including forming an umbrella partnership real estate investment trust (UPREIT) and ...