While timelines can differ, most transactions follow a general timeframe:

  • DST Phase: Investors will hold their DST position for a minimum of two years.
  • UPREIT Phase: If the REIT executes the Fair Market Value Call Option, investors will be swapped out of the DST property and into OP Units in the REIT.
  • Holding Time: Typically, after one additional year investors can convert OP Units into REIT shares and sell them via the share repurchase program. (Subject to capacity constraints / sponsor terms.)