1) Who is Computershare?
Computershare is Tulsa Real Estate Fund’s transfer agent and record keeper. Computershare is a global leader in financial and corporate governance services. Computershare serves some of largest companies in the world including Exxon, Intel and American Express. Find out more by visiting their website at Computershare.com.
Your Computershare portal houses your shares, provides share balance information, tax forms and other pertinent account information as well as admin functions such as the ability to transfer ownership or name beneficiaries.
2) Will there be communications sent out?
Yes, a TREF Newsletter will be distributed monthly. In the newsletter, you can expect to receive information regarding current announcements, fund activity, property holding updates, transactions that have taken place, upcoming events and much more.
3) How do I fill out the W9 form?
Please consult with a tax preparer to complete this form.
4) When can I expect a return?
Real Estate is a long-term investment, which is why we project a hold period of approximately five to seven years.
During that time, TREF Investors are eligible for an 8% preferred cumulative dividend. The dividend is paid periodically based on Fund financials but accumulates annually. Meaning if the Fund does not pay a dividend in 2020, then the 8% is added to the value of the following year’s dividend equaling a 16% payable dividend in 2021, and so on.
5) What deals are you currently accepting?
Tulsa Real Estate Fund 1 was created to invest in various real estate related assets such as single family, multifamily and commercial properties throughout the United States through lending, acquisition or development. The Company intends, primarily to invest in properties that are in neighborhoods that the Manager believes will be adversely affected by gentrification efforts. The Company believes by lending to or partnering with developers in key areas where the Company does not have a physical presence, it may still be able to achieve the Company’s goal of development to hedge against gentrification efforts while still realizing a return on investment. This may include opportunities in those areas deemed as Qualified Opportunity Zones. Use the SUBMIT A DEAL button at the top of this page to initiate the process.
6) Can I trade my shares?
No. There is not a secondary market for TREF shares. The shares do not operate like stock securities in a publicly traded company listed on the New York Stock Exchange; rather, your shares represent a partnership in a private company- the Tulsa Real Estate Fund. TREF preferred shares offer an 8% payable cumulative dividend and a 50% share in profits.
7) Can I assign or transfer my shares?
Yes, as the designated owner of the shares you can transfer and/or assign your shares to another person or entity. Please call or email us for details on how to transfer your shares at 1-844-73-TULSA (or) info@TulsaRealEstateFund.com
8) Can I sell my shares?
Yes, but this is extremely rare. TREF shares do not trade in a secondary market like the New York Stock Exchange. So, in order to sell your shares, as the designated owner, you would need to have already secured a buyer. This transaction agreement would be between you and the buyer.
TREF is not operating as a broker.
9) What is the IRS Schedule K-1 Form? And when should I expect to receive it?
The Schedule K-1 (Form 1065) is an Internal Revenue Service (IRS) tax form issued annually for businesses that operate as a partnership, such as an investment in private real estate with Tulsa real Estate Fund.
Our goal is to issue the Schedule K-1 by March 15th annually. That said, if you ask The Motley Fool, Google, and/or a tax professional about IRS Schedule K-1, they'll likely explain that the process of interpreting relevant new tax laws, assembling all the required information from various inside and outside sources, combined with making all of the proper tax calculations is far more exerting and time consuming than preparing a 1099 and/or W2. Therefore, given these complexities, we may need to request an extension to file and distribute Schedule K-1 forms to TREF Investors.
10) Where does my investment go?
Your investment has made you a shareholder in the Tulsa Real Estate Fund. The fund's primary focus is to deliver an annual 8% preferred cumulative dividend return. We do this by purchasing vetted real estate and real estate related projects with the belief that after improving the condition and management of the assets, they will then appreciate in value and/or produce higher levels of rental income. The Fund Manager is experienced and knowledgeable of several ways to monetize the assets in the fund's portfolio. The primary methods of making money for the fund is by selling the real estate assets at a higher price than purchased and/or by continuing to generate profitable rental income; meaning, being a landlord.
11) What does "dividend" mean?
The Fund Manager defines a dividend as a sum of money paid by Tulsa Real Estate Fund to its shareholders (you) out of its profits (or reserves).
12) What does "capital raised" mean?
The Fund Manager defines capital raised as the total amount of money that has been invested in the fund.
13) What does "fund expenses" mean?
The Fund Manager defines fund expenses as the operating, overhead and investing expenses Tulsa Real Estate Fund is responsible for in order to successfully operate the fund. Some of these expenses are, but not limited to, real estate related staff, office space, legal fees, accounting fees, technology, and more.
14) What does "fund performance" mean?
The Fund Manager defines fund performance as a measurement of outcomes. In plain terms- did the fund make money or lose money over time? The Fund Manager measures performance by calculating the Internal Rate of Return (IRR) on assets.
15) What does IRR mean?
Simply stated, the Internal rate of return (IRR) for an investment is the percentage rate earned on each dollar invested for each period it is invested. The IRR is widely used in commercial real estate as an investment performance measure. Generally speaking, the higher a project's internal rate of return, the more desirable the project is to undertake.
16) Where can I download the Tulsa Real Estate Offering Circular?
You can download the Offering Circular by clicking the below link: