Education Focus
REITLine is a Loan Against UPREIT Operating Partnership Unit Shares (OPUs), But What is an UPREIT? What is an OPU?
What is an UPREIT? An umbrella partnership real estate investment trust, or UPREIT, is an entity that REITs use to let property owners contribute their real estate property in exchange for operating partnership units that can be converted into REIT shares. Like a 1031 exchange, this transaction lets property owners avoid capital gains taxes on appreciated real estate. The operating partnership, or OP, units received in an UPREIT transaction are
October 25, 2017
3:31 PM