DST VS 721 UPREIT RETIREMENT-INCOME COMPARISON
721 UPREIT Pros | Educational worksheet | October 5, 2026

1. HOUSEHOLD NEED
- Monthly spending, using one consistent before-tax or after-tax basis:
- Dependable outside monthly income:
- Monthly uncovered need:
- Known one-time expenses and dates:
- Separate emergency-reserve floor:
- Planning period:

2. CURRENT LEGAL ASSET
- Direct real property, DST interest, OP units or REIT shares:
- Exact entity and class:
- Evidence and date:

3. CASH SOURCE
- What produces a payment?
- Who declares or administers it?
- Is the quoted figure historical, targeted, declared or annualized?
- Could borrowing, offering proceeds or another source contribute?
- Evidence and date:

4. CONTROL AND CHANGE
- Who can change reserves, borrowing or distribution policy?
- Who can sell property, approve a contribution or suspend a plan?
- Which rights belong to the investor?
- Missing or unclear provisions:

5. PRINCIPAL ACCESS
- Transfer, sale, redemption or conversion method:
- Holding period or lockup:
- Limits, queues, pricing and suspension rights:
- Earliest possible request date:
- Is payment required or only permitted?

6. TAX AND RECORDS
- Expected reporting form and issuer:
- K-1 and attached statements received:
- Outside-basis and liability records available:
- Estimated tax reserve and preparer:
- State reporting questions:

7. STRESS TEST
- Expected payment from current documents:
- Half-payment scenario:
- Six-month delay scenario:
- Zero-payment scenario:
- Verified outside cash available in each case:
- Fallback action that does not assume a redemption:

Mark every entry VERIFIED, ESTIMATED or UNKNOWN. Attach the current source document and date to each verified item. Do not place account numbers or sensitive tax records in a public form.

General education only. This worksheet does not determine suitability, tax treatment, payment, liquidity, conversion, return or outcome.