721 UPREIT Pros

FREE SELLER RESOURCE · TRUST THE PROS

Selling an investment property? Get the free 721 UPREIT checklist.

12 questions to bring to your CPA, attorney and advisor before you decide what comes next.

  • Capital gains and depreciation recapture. Gather basis and depreciation records before comparing tax paths.
  • 1031 into a DST first, where appropriate. Review whether a qualifying DST fits your exchange and any possible later 721 transaction.
  • OP units versus REIT shares. Understand the ownership, control, tax reporting and exit rules at each stage.
  • Estate planning with basis caveats. Separate inherited outside basis from partnership inside basis and any applicable adjustments.
  • Questions before selling. Discuss debt, fees, income needs, eligibility, deadlines and access to cash.

Prefer to talk it through?

Talk to a 721 UPREIT advisor
888-606-1031

Investments involve loss and illiquidity risks. A DST-to-UPREIT transition, distributions and tax outcomes are not guaranteed.

YOUR NEXT STEP

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BEFORE YOU REQUEST

Three useful answers

Is a 721 UPREIT the same as a 1031 exchange?

No. A 1031 exchange concerns qualifying replacement real estate. A Section 721 contribution generally exchanges property for a partnership interest. Some owners first exchange into a qualifying DST, with a possible separate later UPREIT transaction under the actual documents. That later transaction is not guaranteed.

Does the checklist guarantee tax savings or liquidity?

No. It is a discussion guide for your own CPA, attorney and advisor. Debt, basis, fees, eligibility, transfer restrictions and future events can change the result. Investments can lose value, distributions can change and redemption requests may be limited or denied.

What happens when I request the checklist?

Your contact information and property-planning answers are sent to the receiving advisor team through the existing intake system. After the system confirms receipt, the PDF download appears here. You are requesting follow-up about this inquiry, not subscribing to a marketing campaign. If delivery cannot be confirmed, the form shows an error and keeps your entries.

Want more detail? Read the 721 UPREIT guide or our risk and due-diligence questions.