We’ll explore both of these REIT-like options: the UPREIT (umbrella partnership real estate investment trust), also commonly known as the 721 exchange, and the Delaware statutory trust (DST ...

Enter the 721 exchange or UPREIT strategy. An UPREIT is a unique Real Estate Investment Trust (REIT) that allows the exchange of a sale of real estate for shares of ownership of the UPREIT.

In a 721 exchange, the investor contributes their property to the umbrella partnership, also called the operating partnership (OP), of an UPREIT. In exchange for the property contribution ...

"All DST investors receive fair market valuation in our UPREIT transactions and their choice of limited partnership units in Capital Square Housing Trust's operating partnership, cash for another ...

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