721 UPREIT PROS: PROGRAM-DOCUMENT COMPARISON WORKSHEET
Use one dated copy per proposal. This is an educational request log, not an investment recommendation.

Prepared date:
Sponsor/platform label:
Actual initial issuer legal name:
Initial interest and class:
Proposed operating partnership legal name:
Proposed OP-unit class:
Associated REIT legal name and eventual share class:
Document title/version/date:
Applicable amendments:
Advisor/administrator contact:

For each field record: answer | document and section/page | status (verified/unresolved/not applicable) | follow-up owner/date.
1. Initial property/portfolio exposure, debt and ownership restrictions:
2. Who initiates, requires, approves or refuses conversion:
3. Timing conditions, investor choices and fallback if no conversion:
4. Value/date, debt adjustments, costs and unit conversion formula:
5. Initial offering and advisor costs, dollars and calculation base:
6. Recurring OP expenses and class-specific charges:
7. Event fees and eventual REIT-share expenses:
8. DST transfer restrictions:
9. OP request eligibility, discretion, settlement form and payment conditions:
10. Separate REIT-share repurchase policy, limits and suspension provisions:
11. Distribution policy and sources, distinct from projected total return:
12. Tax/basis/liability reporting and responsible preparer:
13. Current offering access, state eligibility and closing-date confirmation:

COMPARISON CHECK
Are all proposals for the same starting transaction?
Does each document concern the actual issuer, class and transaction?
Have later amendments or successor-entity documents been requested?
Have dollar costs been compared using the same amount, bases and time assumptions?
Are cash eligibility, processing and settlement recorded as separate events?
Which fields remain unresolved before an investor-fit decision?

DECISION LOG
Personal cash needs and dates:
Tax/qualified-intermediary questions:
Alternatives discussed:
Open field | evidence needed | follow-up owner | review date:
Updated documents received:
Conclusion/reasons after professional discussion:

Verified means evidence supports a field. It does not mean an investment is safe or suitable. Do not infer current availability, returns, liquidity, conversion or tax results from sponsor names or historical examples.