Owners of OP Units of an UPREIT
a) Receive the same dividends as shareholders of public shares in that UPREIT
b) Are prohibited from holding seats on the public company board of directors
c) May vote their OP units in electing board members
d) All of the above
The answer is all of the above
Upreit is the umbrella real estate partnership trust structure. In such a structure the person conducts sustantially all its operations, through the operating partnership.
They are eligible for the regular income payments as such the stockholders bearing the same amount of risk.
The operating partnership doesnt give the right to hold seats on the board of directors but still they may vote in electing the board members bearing the risk.
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