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URL:  https://boards.fool.com/i-thought-generally-preferred39s-are-not-34301283.aspx

Subject:  Re: Opinions on APLE REIT Date:  9/23/2019  6:26 PM
Author:  BruceCM Number:  85136 of 85581

I thought generally preferred's are not treated as partnership units. Is this something special to ET?

Yes, that's my understanding also.

The way you can tell, I think, is there is no capital account recalculation on the annual K-1. Instead, the distribution is just treated as an interest-like expense, wherein you actually hold no partnership units. At least that's how I read it.

BruceM
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