EFTA Document EFTA01378914

Multiple Exit Strategies for a REIT Asset-by- Asset Sale Conversion to Partnership ■ Private REIT can file a public offering before or after the 10 year QOF hold period ■ As long as investors hold their QOF shares for at least 10 years, their basis in the shares is stepped up to FMV and disposition is tax free ■ Investors can hold tax-free shares until 2047, even if the REIT is merged or acquired ■ REIT files a plan of liquidation and individual QOZB Properties are sold to different purc