umbrella-partnership real-estate investment trust

umbrella-partnership real-estate investment trust. See REAL-ESTATE INVESTMENT TRUST.

A REIT that controls and holds most of its properties through an umbrella limited partnership, as a result of which the trust can acquire properties in exchange for the limited-partnership interests in the umbrella while triggering no immediate tax obligations for certain sellers. • This is a structure that many REITs now use. — Abbr.