What is meant by the term umbrella partnership REIT

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1. What is meant by the term "umbrella partnership REIT" (or "UPREIT")?

A REIT that invests primarily in Seattle.

A REIT that invests in low-risk properties, saving for a "rainy day".

A REIT that owns property equity directly

A REIT that owns property only indirectly, through its holdings in a partnership.

2. Which of the following is TRUE for a gross lease?

All expenses are paid by the owner.

All expenses are paid by the tenant.

All expenses are paid by the lender.

All expenses are paid by the investor.

Reference no: EM131361366

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