A residential real estate investment veteran, Sean Zarinegar has experience as a CEO of several investment firms in the industry. Currently, Sean Zarinegar is the CFO of American Housing Income Trust, Inc. (AHIT), a managed real estate investment company, where he applies his investment knowledge obtained from industry experience in Arizona, Colorado, and Southern California. One of the company’s goals is to build portfolios of single-family houses through cash or or umbrella partnership REITs (UPREITs).

1. WHAT IS AN UMBRELLA PARTNERSHIP
REIT?
Sean Zarinegar

2. INTRODUCTION
 A residential real estate investment veteran,
Sean Zarinegar has experience as a CEO of
several investment firms in the industry.
Currently, Sean Zarinegar is the CFO of
American Housing Income Trust, Inc. (AHIT), a
managed real estate investment company,
where he applies his investment knowledge
obtained from industry experience in Arizona,
Colorado, and Southern California. One of the
company’s goals is to build portfolios of single-
family houses through cash or or umbrella
partnership REITs (UPREITs).

3. UMBRELLA PARTNERSHIP REIT
 AHIT is not required to use UPREITs, but the
company may do so as part of its business strategy.
An UPREIT entails the contribution of property rather
than cash; this financial tool became common in the
1990s and is popular in estate planning.
One benefit of UPREITs is that they defer or avoid
capital gains taxes. This occurs because the property
isn't sold but is instead contributed in exchange for
securities known as limited operating partnership
benefits. These benefits equal the value of the
property and usually allow owners to convert them to
cash or traditional REIT shares after a year's time.