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MHPHOA Glossary

Mobile Home Park glossary of terms starting with the numbers 0-9 and definitions of each.


721 Exchange
A 721 exchange is a lesser-known 1031 exchange alternative. It allows investors to contribute property to an Umbrella Partnership Real Estate Investment Trust (UPREIT) in exchange for units of equity interest in the operating partnership of the Real Estate Investment Trust (REIT).
1031 Exchange
A 1031 exchange is a tax deferral strategy for real estate transactions in which a property owner or investor sells one property and purchases another within a specific time frame. Types of 1031 Exchanges: Simultaneous, Delayed, Reverse, Improvement