UNLOCK THE POWER OF THE VAULT

Which North Dakota company has acquired 27+ hotels and offers investors an UPREIT structure?

November 5, 2020

Which North Dakota company has acquired 27+ hotels and offers investors an UPREIT structure?

Answer: Legendary Acquisitions, based in Fargo, North Dakota, buys 80- to 400-room limited service, select service, full service and extended-stay hotels with midscale to upper-midscale brands located primarily in America’s heartland markets. In a 721 UPREIT (Umbrella Partnership REIT) transaction, property is contributed to a REIT’s operating partnership (OP) in exchange for a combination of liquidity and equity-equivalent OP units.

Go Back
Loreen M. Gilbert, CIMA, AIF, CRC, CLTC – President, WealthWise Financial Services
Blue Vault
July 6, 2016

Our firm has been using Blue Vault from the first year it was available.

We have found it to be a valuable tool to verify what wholesalers tell us and to dig deep into how the reported investments are really performing.

We appreciate that Blue Vault has expanded its services from initially covering REIT's to now also including BDC's.

Our clients also appreciate that we conduct this additional due diligence on their behalf.