Tax-Deferred Property Acquisitions Using Operating Partnership Units

CapLease offers a seller of a single tenant property the following payment options: cash, operating partnership units, and a combination of cash and units. 

Operating partnership units may prove attractive to owners of single-tenant properties with a low tax basis, since the receipt of such units can will allow them to:

• Receive the same dividend payments as those paid on CapLease common stock.
• Defer taxes on the sale of a property to CapLease until redemption of the units for CapLease common stock or cash.
• Diversify their investment beyond one property, as CapLease owns a diverse portfolio of single tenant properties including office, retail, and industrial.
• Participate in any future gains in CapLease common stock.
• Utilize operating partnership units in estate planning.

If you are interested in learning more about engaging in an operating partnership unit exchange for your single tenant property, call us at (212) 217-6300 and ask to speak to the investment manager for your geographic region.