721 UPREIT Pros: DST and UPREIT Fee-Ledger Worksheet
Prepared September 13, 2026. General education, not individual advice.

Opportunity / interest / proposed OP-unit class:
Document set and revision date:
Assumed DST years / contribution date / OP-unit years:
Investor equity / proportionate gross asset base / allocation method:

REPEAT FOR EACH CHARGE
Stage and trigger:
Fee or expense name:
Source document / date / section:
Recipient / affiliation / service:
Contractual paying entity:
Allocation to this investor or unit class:
Formula / dollar base / valuation date:
One-time or recurring / accrual and payment frequency:
Minimum / cap / proration / escalation:
Waiver / expiration / offsets / amendments:
Calculated dollars and assumptions:
Already included in purchase cost, NAV, cash flow or unit issuance?
Separate account billing?
Status: confirmed / estimated / contingent / unresolved
Unresolved question / responsible professional / response date:

RECONCILIATION
Selected entry charges:
Selected DST recurring charges:
Selected contribution charges:
Selected OP-unit recurring charges:
Contingent performance or exit charges:
Other operating, financing and transaction expenses:
Unknown items (never record as zero without evidence):
Excluded items and why:
Selected subtotal / period / exclusions:
Alternate holding-period scenario:
Net cash illustration: which rows are already included?
CPA/QI questions about tax treatment and proceeds handling:

Do not infer a guaranteed contribution date, liquidity, return or tax result.
Do not compare subtotal costs as though they determine suitability.
Use a verified secure channel for sensitive investment or tax documents.

Context: https://721upreitpros.com/articles/dst-upreit-fee-comparison-ledger
Risk guide: https://721upreitpros.com/risks
Advisor: https://721upreitpros.com/contact
Related education: https://dst1031experts.com/721-upreit-ultimate-guide/
Original worksheet. Optional source attribution is appreciated, not required.