This is where I got confused on the read-through: "from buyer to partnership" because this is how it is stated: "corporate payout to partner purchasing the property" and I just can't understand why you would give any money to the buyer of the property.

I think the real issue is the Timing for the sale. The Sale is made by the partnership, not the partners? Or, there is distribution of assets and liability as the partners split (distribute) everything? At that point, the one partner is also buying the property to own 100%?

It's very confusing as written.