Real Estate Limited Partnership

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Real Estate Limited Partnership

A limited partnership in which the limited partners provide capital and the general partner in turn manages the development of real estate, for example, to build an apartment complex or housing subdivision. The general partner uses the investment money from the limited partners to construct and sell or rent the property. This gives the limited partners a good chance at a steady return, and the potential of high growth. A real estate limited partnership may also provide tax benefits for the partners.
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References in periodicals archive ?
Webb, "Minority Interest Discounts: A Quantitative Approach for Real Estate Limited Partnerships," The Appraisal Journal (April 1999): 174-182.
Real estate limited partnerships (RELP) trade in the secondary market at discounted prices compared to their NAVs.
Discounts for lack of control for shares of a privately held business are usually based on comparisons of share prices to net asset value per share of publicly traded closed-end investment funds or, for real estate assets, real estate limited partnerships or investment trusts.
An easy way for investors to round out their holdhags in this manner is to add interests in professionally managed, non-traded public REITs or real estate limited partnerships and LLCs.
Many real estate limited partnerships offer investors a pooled real estate investment similar to an equity REIT.
Because of the high degree of risk, investors in Real Estate Limited Partnerships expect to earn 20+ percent annually on their invested capital.
I represented the wife of a businessman who had been a general partner in a series of real estate limited partnerships. These partnerships had raised tens of millions of dollars over the years from affluent residents of Los Angeles's west side, and this businessman had been considered a perfectly reliable pillar of the community and a genius at recognizing hidden value in real estate.
"There are still concerns about real estate limited partnerships left over from the early 1990s and the savings and loan crisis that are still affecting us," Decker says.
E-mail Ray@americanlifeinc.com American Life Inc manages real estate limited partnerships that offer qualifed investors secure monthly income with excellent capital gain potential.
"Minority Interest Discounts: A Quantitative Approach for Real Estate Limited Partnerships." The Appraisal Journal (April 1999): 174-182.
As a result, real estate limited partnerships were virtually eliminated as tax shelters.

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