721 UPREIT Pros: payment-request review

1. Identify issuer, holder and unit class.
2. Classify the request: initial commitment, additional demand, optional purchase, separate obligation or funding update.
3. Obtain executed agreements and amendments.
4. Reconcile funded amounts and cited authority.
5. Ask counsel to review exceptions and separate obligations.
6. Verify issuer contact and notice requirements.
7. Record deadline, unresolved question and next responsible professional.

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