Red Flags to Watch for When Investing in 721 UPREITs & DSTs

Oct 22, 2026 11:00 am PDT 2:00 pm EDT 1 hour
Image
  • Free Members: FREE
  • Pro Members: FREE
    First Webinar Free*
  • Pro Plus and
    VIP Members:
    FREE

*Join as a Pro member and get your first webinar free

Red Flags to Watch for When Investing in 721 UPREITs & DSTs

Oct 22, 2026 11:00 am PDT 2:00 pm EDT 1 hour

A 721 UPREIT (Umbrella Partnership Real Estate Investment Trust) exchange can be a potentially attractive option for Delaware Statutory Trust investors. However, there are many potential pitfalls that investors need to be aware of prior to investing any proceeds from a 1031 exchange. 

DISCUSSION TOPICS MAY INCLUDE: 

  • What is the Two-Step 721 Exchange Process? 
  • 721 UPREIT Debt Risks: Fixed vs. Adjustable-Rate Loans
  • What is the Difference Between Dividend Coverage and the True Yield
  • Net Inflows – Understanding Cash Flow Risks in REITs
  • Tax Protection Agreements (TPAs) – The Potential Hidden Tax Trap of 721 UPREITs
  • Forced or Optional – The Difference for 721
  • UPREIT Investors
  • The Need for Rigorous 721 UPREIT Due
  • Diligence

Ask the AAOA Community below or Contact Us

Join AAOA and get this course FREE!

Join AAOA