The Structure-First Investor
In tax-advantaged real estate, the property is only half the story. The structure that holds it, and the exit written into that structure, decides the outcome just as surely as the building does. Most investor disappointments in this space are not the result of a bad building. They are the result of a sound building held inside a structure that never fit the investor's plan.
In this eBook, you'll learn:
- The two tracks of diligence, and why the destination REIT deserves as much underwriting as the asset
- How to test whether a distribution is supported by operations or subsidized by return of capital and fee waivers
- Four things to verify before agreeing to a 721 UPREIT, including how OP units are valued at conversion
- Why a finite-life Opportunity Zone fund protects the ten-year exit and a perpetual one may not
- A seven-question diligence checklist to work through with your advisor and CPA
