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single-asset entity

   Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia 0.01 sec.
single-asset entity (SAE)

See single-purpose entity.



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After the 1031 period is over, 12 months from closing, the TIC structure will be rolled into one single-asset entity that will assume ownership of the Property.
The financing arrangement relating to the replacement properties required that each property be held in a single-asset entity.
The borrowing entity must be a special-purpose, single-asset entity whose sole purpose is the ownership and operation of the particular property.
 
 
 
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