All of the following constitute indirect ownership of real estate private equity EXCEPT:

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Tenancy in common (TIC) is a form of direct ownership of real estate where each tenant (or co-owner) owns a specific share of the property and has an undivided interest in the whole property. Unlike limited partnerships, limited liability companies, and real estate investment trusts, which allow investors to have an indirect ownership stake in real estate by investing in a company or trust that owns the real estate, TIC involves direct ownership of the property itself.

All of the Following Constitute Indirect Ownership of Real Estate