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Tax planning for property “sale” to an UPREIT

Presented By:
Sarah Shepard Mark Sutton
Date:
Wednesday, Oct. 1, 2014
Time:
2 p.m. - 3 p.m. EDT
View On-Demand
The umbrella partnership real estate investment trust (UPREIT) structure presents a unique opportunity for owners of real property to diversify their holdings, maintain a tax-efficient source of cash flow, and transition out of the day-to-day activities of a lessor.

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The umbrella partnership real estate investment trust (UPREIT) structure presents a unique opportunity for owners of real property to diversify their holdings, maintain a tax-efficient source of cash flow, and transition out of the day-to-day activities of a lessor. In order to provide for an efficient transaction and avoid unplanned results, property owners need to have a working knowledge of the UPREIT structure and the considerations that need to be addressed when engaging in a transaction with an UPREIT.

Learning objectives   

At the conclusion of this session, you will be able to:

  • Articulate the ownership chain of an UPREIT structure.
  • Explain the tax consequences resulting from contributing real estate to an operating partnership in exchange for cash and operating partnership (O.P.) units.
  • Articulate the agreement provisions that should be considered to optimize the post-contribution tax results.
  • Describe the complications that arise when attempting to use O.P. units to complete a like-kind exchange.

Presenters

  • Edward Hannon, Business Law Partner, Quarles & Brady LLP
  • Dean Rocheleau, Real Estate and Construction Partner, Plante Moran
  • Mark Sutton, Real Estate and Construction Senior Associate, Plante Moran

Moderator

  •  Sarah Shepard, Real Estate and Construction Partner, Plante Moran

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