Direct-hold solutions structural comparison
Fix four-jurisdiction-framework.md's own Self-Similar Governance section under-counting legal forms (Spain's governing instrument is corporate bylaws, not a partnership or trust agreement); align 3 stray 'Woodfine Professional Centres Limited Partnership' mentions to the wiki's dominant 'Professional Centres Canada LP' naming; fix present-tense four-jurisdiction diversification/operating claims in market-and-property-risk.md and legal-proceedings.md to correctly reflect that only Canada is established
@@ -19,7 +19,7 @@ paired_with: direct-hold-solutions-structural-comparison.es.md cites: [] --- The Direct-Hold Solutions, as designed, differ from the three most common alternative real estate investment structures — Legacy Joint Ventures, Private Equity real estate funds, and Traditional Real Estate Investment Trusts — across twelve governance and economic dimensions. Only one Direct-Hold Solution is currently established — the Canada limited partnership, Woodfine Professional Centres Limited Partnership — and its units are not currently freely transferable, and comprehensive regulated reporting is not currently occurring, because the partnership is subject to an active British Columbia Securities Commission cease-trade order; the United States, Spain, and Mexico vehicles are planned, not yet established. Some dimensions distinguish the Direct-Hold Solutions' design from all three legacy structures simultaneously; others represent parity with listed REITs at features that private structures systematically lack. Four dimensions are exclusive to the Direct-Hold Solutions' design: they appear in no other investment structure in the comparison set. The Direct-Hold Solutions, as designed, differ from the three most common alternative real estate investment structures — Legacy Joint Ventures, Private Equity real estate funds, and Traditional Real Estate Investment Trusts — across twelve governance and economic dimensions. Only one Direct-Hold Solution is currently established — the Canada limited partnership, Professional Centres Canada LP — and its units are not currently freely transferable, and comprehensive regulated reporting is not currently occurring, because the partnership is subject to an active British Columbia Securities Commission cease-trade order; the United States, Spain, and Mexico vehicles are planned, not yet established. Some dimensions distinguish the Direct-Hold Solutions' design from all three legacy structures simultaneously; others represent parity with listed REITs at features that private structures systematically lack. Four dimensions are exclusive to the Direct-Hold Solutions' design: they appear in no other investment structure in the comparison set. ## Structural Comparison Matrix