721 UPREIT Pros: Conversion Decision-Rights Worksheet
Prepared September 13, 2026. General education, not individual advice.

Offering / interest under review:
Document name and revision date:
Relevant provision and page:

1. Who can initiate the transaction and what action can they take?
2. What conditions and exercise or notice periods apply?
3. What election, consent or voting rights does the investor retain?
4. What happens if the investor declines or does not respond?
5. Who can sign or act under a power of attorney?
6. How is the value calculated and what consideration is delivered?
7. What happens if the contemplated transaction never occurs?
8. Which questions require attorney, CPA, QI or advisor review?

Unresolved question / person responsible / requested response date:

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Context: https://721upreitpros.com/articles/dst-to-721-conversion-decision-rights
Advisor questions: https://721upreitpros.com/contact
Related education: https://dst1031experts.com/721-upreit-ultimate-guide/