Limited liability refers to the restriction of an individual's potential losses to the amount they have invested in a particular asset or business. This concept limits their personal liability and prevents them from losing more than their initial investment, provided they do not otherwise agree to assume additional liability.
A Master Limited Partnership (MLP) is an ownership vehicle commonly used for real estate or oil and gas ventures. It typically consolidates existing limited partnerships into a single, larger entity, offering more marketable ownership interests than individual limited partnerships.
Syndication is a method of selling property whereby a sponsor (or syndicator) sells interests to investors. This process can take various forms such as partnerships, limited partnerships, tenancies in common, corporations, LLCs, LLPs, or Subchapter S corporations.
An unincorporated association is a type of organization formed by a group of individuals who come together for a common purpose but have not gone through the legal process of incorporating. This means the association does not have a separate legal identity from its members.
An UPREIT (Umbrella Partnership Real Estate Investment Trust) is a specialized form of REIT (Real Estate Investment Trust) created by combining properties from existing limited partnerships. Original partners exchange properties for an interest in a new, transitional operating partnership, which might later be converted to shares in the REIT.
