721 UPREIT unit-class comparison worksheet
Educational only, not tax, legal or investment advice.

Date / professional reviewing / unresolved follow-up date:
Alternative A / Alternative B:
1. Exact issuer, security, full class designation and availability evidence:
2. Current agreement, amendments, class schedule and individual terms:
3. Initial, recurring and contingent charges; recipient, base and period:
4. Separate account fees, required services and offsets; avoid double counting:
5. Specific voting, consent and amendment provisions:
6. Transfer/redemption eligibility, settlement choices and restrictions:
7. Class-change trigger, responsible party, effective date and valuation formula:
8. Replacement quantity, rounding, fees and post-change rights:
9. Household cash requirements, reserves and separate tax review:
10. Missing evidence / person responsible / decision deadline:

For every answer record document title, date and section. A blank does not
mean zero cost or unrestricted access. A class label is not a tax opinion.
Fictional check: $600,000 x 0.25% = $1,500; $600,000 x 0.50% = $3,000.
These are two illustrative cost layers, not an actual offering comparison.