Global Definitions Database

Access, learn and discover all terms related to the non-listed real estate sector.

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DOWNREIT

An organizational structure that makes it possible for REITs to buy properties using partnership units; the effect is the same as an umbrella partnership real estate investment trust (UPREIT); however, the DOWNREIT is subordinate to the REIT itself, hence the name.

Source: NCREIF | Date: 05 September 2025 | ID: D1061 | Version: 1