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What is an UPREIT transaction according to Legendary Capital? April 5, 2022

What is an UPREIT transaction according to Legendary Capital?

What is an UPREIT transaction according to Legendary Capital? Answer: 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. By contributing their asset into the OP, the hotel owner can reduce risk, achieve stabilization and preserve…

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