Q: Can I invest through a Self-Directed IRA, or other retirement account?1
Q: Do you intend to use leverage?
A: It is anticipated that bank or seller financing will generally account for between approximately fifty percent (50%) and seventy percent (70%) of the gross fair market value of each Property.
Q: When do I begin to accrue a return?
A: Accounts begin to accrue the first day of the following month after the date of Acceptance.
Q: When will distributions likely begin?
A: The Manager’s goal is to begin distributions by the conclusion of Q1 2021, but timing of any such distribution may vary for a number of reasons.
Q: When are distributions made?
A: Distributions may occur on a monthly basis.
Q: What kind of reporting will I receive?
A: On a quarterly basis the Manager intends to furnish Members with a Fund update, which reports various activities and operations of the Fund. Annually, investors will receive a K-1 and an audit report.
Q: How long does it take to accept my capital?
A: Generally, we try to accept new investments each Friday, but the timing may vary.
Q: Are you a REIT?
Q: Must I be “Accredited” in order to invest in the Fund?
A: Yes. The Fund is offering Units to Investors under an exemption from securities registration afforded by Regulation D, Rule 506(c), which requires the Manager to take “reasonable steps” to verify that each Investor is “Accredited,” prior to allowing them admission to the Fund. There are eight (8) separate categories of Accredited Investors, under which an Investor may qualify, each of which is provided in the Fund’s Private Placement Memorandum, along with the documents the Investor must provide to demonstrate its qualifications to invest in this Offering. For more information, visit https://www.sec.gov/answers/accred.htm
Q: What is the duration of this Fund?
A: An investment in the Fund should be considered long-term in nature. Investors should be in a financial position that will enable an Investor to hold its Class A or Class B Interests for the duration of the Fund, which is projected as up to ten (10) years, or longer.
Q: Is the Fund eligible for a 1031 Exchange?
A: The Interests being offered herein, both Class A and Class B, are considered for IRS purposes to be personal property interests and are thus, not suitable for 1031 exchange. Investors seeking to do a 1031 exchange should not invest in this Offering.
However, the Company may be able to accommodate large 1031 transactions in a side car on specific property purchases on a case by case basis.
Investors may be able to use Section 721 to contribute property to the Company in exchange for Membership Interests, but such a transaction is subject to negotiation with investors’ financial and other advisors and is subject to the sole discretion of the Manager.
If you are the owner of a property and would like to submit your property for consideration, please utilize our Property Submission Tool found on ElevationFund.com.