• UPREIT is a unique REIT structure that allows property owners to exchange their property for shareholding in UPREIT.
  • The exchange of property for shares in UPREIT is generally permitted under Section 721 of Title 26 of the Internal Revenue Code.
  • UPREIT property contributors can defer taxes on the sale of property in exchange for UPREIT units, although capital gains taxes on UPREIT units are subject to standard REIT taxation.