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Private REIT deals are becoming more popular as a way to gain real estate market share, but acquiring a private REIT is a much different deal than a direct real estate transaction—where buyers acquire real estate titles directly.

“In a direct real estate acquisition, the buyer acquires title to real estate directly from a seller,” Ben Fackler, a partner at Allen Matkins, tells GlobeSt.com. “In a private REIT acquisition, the buyer instead only indirectly acquires real estate by acquiring the common stock of a business entity, which also has 100+ third party preferred shareholders. That entity typically holds equity interests in another entity that directly or indirectly owns title to the property.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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