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
Second Annual Blue Vault Broker Dealer Educational Summit 2016
Broker Dealer Educational Summit 2016
May 30, 2016

The time (at Blue Vault's 2nd Annual Broker Dealer Educational Summit) proved extremely informative.