Multiple Choice
What is meant by the term "umbrella partnership REIT" or "UPREIT") ?
A) A REIT that invests primarily in Seattle.
B) A REIT that invests in low-risk properties, saving for a "rainy day".
C) A REIT that owns property equity directly.
D) A REIT that owns property only indirectly, through its holdings in a partnership.
Correct Answer:
Verified
Correct Answer:
Verified
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