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Private Real Estate Investment Funds
Article #1 – Overview
In this 6-part series, I explain
private real estate investment funds. You have a real estate
fund when you accept money from passive investors to do
transactions in real estate. A real estate fund is a hedge
fund and it is subject to most laws that apply to hedge
funds, including securities laws and ERISA. Real estate
funds usually are LLCs or limited partnerships, and they
have complex terms for investor rights, manager compensation
and more.
These are the 6 articles in the
series:
One last
word to the wise before we begin: With a fund, you are responsible for other
people’s money. That’s a heavy burden. The burden is
heavier if your investors are friends and family, which
usually is the case with new fund managers. Many would-be
fund managers give up after their first fund because of the
added responsibility and stress.
Without
further ado, please go to
Article #2 - Legal Structure of
the Fund for the basic documents and terms that make up a
fund.
Get a Securities Lawyer
Real
estate funds, like all hedge funds, are very complex. This
is not something to learn as you go. You need the help of
accounting, tax and legal counsel who are experienced in the
area.
Call me to schedule a legal consultation:
510-796-9144 | 