About Tulsa Real Estate Fund
1. TREF invested private capital with six other African American developers totaling more than $7,000,000 in private capital. Many of these developers commented that they struggled to secure private financing even though the fundamentals of their real estate deals were favorable.
2. TREF invested nearly $1,000,000 in private capital with two African American women.
3. The Tulsa Real Estate Fund has received national recognition from Forbes, dozens of local news broadcasts, national print write-ups and online magazine coverage for both the historical significance of the fund and its early success in capital fund raising.
4. Tulsa Real Estate Fund is an economic vehicle named in honor of Black Wall Street which was created in the Greenwood District of Tulsa, OK by O.W. Gurley and represented one of the most prominent concentrations of African-American businesses in the United States during the early 20th century.
“We've got to strengthen black institutions. I call upon you to take your money out of the banks downtown...
We begin the process of building a greater economic base:
- Martin Luther King Jr. | April 3, 1968
- Martin Luther King Jr. | April 3, 1968
No more talking. With confidence we have taken action & achieved…
How We Made History!
• On June 1, 2018, Tulsa Real Estate Fund launched the first African American Owned Reg A+ crowd sourced equity Real Estate Fund.
• Over $6 million was raised within the first week.
• 9,000+ Investors became a part of the TREF community. Many were unaccredited, first-time Real Estate Investors.
• Founding Investors names were memorialized on the Legacy Wall housed at the TREF Legacy Center.
"They said that the Negro had no initiative; that he was not a business man, but a laborer; that he had not the brain to engineer a corporation,
to own and run ships; that he had no knowledge of navigation, therefore the proposition was impossible.
Oh! ye of little faith. The Eternal has happened."
- Marcus Garvey, on the launching of the Black Star Line
Collectively we achieved what they called “The Impossible”…
We challenged this idea and went to work!
• Investors/Co-Owners: 9,700
• Current Estimated Capital Raise: $8,750,000
• Estimated Current Value of Assets Under Management:
$12,200,000
• Projected Liquidity Event Net Cash Flow By 2024 :
$13,088,000
• Projected Fund IRR:
8.95%
• Current Estimated Capital Raise: $8,750,000
• Estimated Current Value of Assets Under Management:
$12,200,000
• Projected Liquidity Event Net Cash Flow By 2024 :
$13,088,000
• Projected Fund IRR:
8.95%
Fund Facts
Investors/Co-Owners Pledged: 15,162
Total Estimated Capital Raise: $12,195,000Estimated Current Value of Assets Under Management: $13,700,000
Projected Fund IRR: 8.95%
Projected Fund IRR: 8.95%
Data is based on projections and may periodically change based
on adjustments in portfolio activity and unforeseen market changes
Fund Portfolio Properties
See partial list of our properties below
TREF Partner Benefits
- Ownership in residential and commercial real estate assets for as little as a $500 investment (plus account setup fee)
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8% payable cumulative dividend
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50% share of the profits
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Open to accredited and non-accredited investors
- Periodic financial reports
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Manage and monitor your investment account electronically
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Monthly newsletter
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Ability to invest and have a social impact
Portfolio Highlights
Performance, Transparency & Trust
We provide transparency to avoid “Hidden Figures”
TREF has and will continue to be managed with integrity. We aim to be known as a trusted, innovative fund that delivers profitable returns to our Investors and leverages group economics to contribute positively to minority communities worldwide.
In order to achieve this, we commit to the following ethos:
1. Be fiscally responsible.
2. Maintain proper internal controls with the necessary
checks and balances.
3. Provide financial transparency.
4. Nurture innovation.
5. Be accountable to maintaining high standards of performance.
6. Measure the Fund’s social impact.
How we deliver on transparency…
We believe that the transparency of our performance and fiscal stewardship is the linchpin in earning
and maintaining the trust of our Investors.
We’ve opened our accounting books for public review. In 2019, we filed the results of our full year 2018 audited financials with the SEC. This is an annual filing that we will repeat every year.
We’ve contracted with Computershare, a global leader in financial governance services, to ensure our Investor’s shares are properly accounted for. Computershare serves some of the largest companies in the world including Exxon, Intel and American Express.
Transactional Funding
TREF Launches Innovative Loan Product
Earlier this year we launched our Transactional Funding loan offering and uncovered a hidden gem in the private lending space. This offering has been well received attracting both large and small borrowers.
We allocated $3MM to this business (per day) but our team is increasingly originating deals that surpass $3MM thus opening the opportunity for various types of partnerships.
We allocated $3MM to this business (per day) but our team is increasingly originating deals that surpass $3MM thus opening the opportunity for various types of partnerships.
What is Transactional Funding?
Transactional funding is a "One Day Loan" meant to bridge real estate transactions. Typically used for real estate entrepreneurs who are wholesaling real estate or creatively acquiring real estate themselves.
Transactional Funding is a relatively new concept. Historically real estate investors would work with the closing agents to conduct "Simultaneous" Closings, where the End-Buyers (B Side) funds would be used for the Investors (A Side) purchase of the property.
With the increased scrutiny and recent regulatory actions, these types of transactions have become difficult, if not impossible. Even the most "Investor Friendly" closing companies have had to change their practices to comply with these pressures.
Transactional Funding provides an easy alternative to the transaction, by breaking the A Side purchase and B Side sale into two completely separate transactions, each independently funded. This type of closing is typically referred to as Back-to-Back Closing, reducing the liabilities for all.
With the increased scrutiny and recent regulatory actions, these types of transactions have become difficult, if not impossible. Even the most "Investor Friendly" closing companies have had to change their practices to comply with these pressures.
Transactional Funding provides an easy alternative to the transaction, by breaking the A Side purchase and B Side sale into two completely separate transactions, each independently funded. This type of closing is typically referred to as Back-to-Back Closing, reducing the liabilities for all.
TREF Profit Structure
TREF originates and co-invests $3MM per day
Fee Structure
TREF receives a 15% profit share
Legal Structure
Each capital partner has their own loan package
“If you haven't confidence in self, you are twice defeated in the race of life. With confidence, you have won even before you have started. ”
― Marcus Garvey.
Who Is Jay Morrison?
A successful entrepreneur and business mogul, Jay Morrison is the CEO and founder of several organizations including the historic Tulsa Real Estate Fund, the first Black owned real estate crowd fund in history.
Jay is also the Founder and President of one of Inc. 5000’s fastest growing companies in the country, the Jay Morrison Academy, an innovative wealth education institution.
Beating the odds after living in poverty, dropping out of high school and serving prison time for drug trafficking– this two time best selling author was able to turn his life around by breaking into real estate and becoming one of the industry’s biggest influencers.
Urban neighborhoods across the nation do not have control of our dollars or our real estate, and it is difficult for minority developers to secure funding for real estate redevelopment projects in our communities.
As a result, urban neighborhoods are being developed by outside individuals who do not share the same interests as the community they're gentrifying. This development without the equitable participation of the Black community, leads to the displacement of longtime residents and the fleecing of property equity from the very people being displaced.
Through Tulsa Real Estate Fund, we've pooled our capital to begin taking control of our dollars and the real estate in our communities.
What Our Investors Are Saying!
Join Our Community of Investors.
How Can I Invest With TREF?
How Do I Get My Investment Back?
How Much Do I Make From My Investment?
TREF FAQ's
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:
Tulsa Real Estate Fund Offering Circular
Tulsa Real Estate Fund 2018 Annual Report. Filed with the Securities & Exchange Commission (SEC).
Due to circumstances related to COVID-19, Tulsa Real Estate Fund, LLC is not able to meet the filing deadline required by Regulation A for its Annual Report on Form 1-K for the year ended December 31, 2019. The Company is relying on the temporary final rules adopted by the Securities and Exchange Commission, which provides a 45-day extension to file the Form 1-K, and intends to file its Form 1-K on or before June 15, 2020.
Important Notice the Regarding Regulation A Offering and Forward-Looking Statements
An offering statement regarding the offering described above has been filed with the SEC. The SEC has qualified that offering statement, which means that Tulsa Real Estate Fund may make sales of the securities described by that offering statement. It does not mean that the SEC has approved, passed upon the merits or passed upon the accuracy or completeness of the information in the offering statement. You may obtain a copy of the offering circular that is part of that offering statement through this link: offering circular
Investing in a Regulation A exempt offering like our offering is subject to unique risks, tolerance for volatility, and potential loss of your investment, that investors should be aware of prior to making an investment decision. Please carefully review the risk factors contained in the offering circular for this offering. For more information about Regulation A offerings, including the unique risks associated with these types of offerings, please click on the SEC's Investor Alert.
This e-mail and the accompanying materials have been prepared by Tulsa Real Estate Fund solely for general informational purposes and do not constitute an offer to sell, the solicitation of an offer to purchase, or a recommendation for any securities by Tulsa Real Estate Fund or any third party. A securities offering by Tulsa Real Estate Fund is only being made pursuant to the offering circular described above. The content of this email is qualified in its entirety by such offering circular.
This email may contain estimates, projections and other forward-looking statements, typically identified by the use of such terms as “may,” ;“should,” “could,” “intend,” plan,” “anticipate,” “estimate,” “believe,” “will” or the negative of such terms and other comparable terminology. Forward-looking statements are based upon our current plans, expectations, estimates, assumptions and beliefs and are made pursuant to the Private Securities Litigation Reform Act of 1995. These statements, estimates and projections are based on various assumptions that we made concerning our anticipated results and industry trends, which may or may not occur. We are not making any representations as to the accuracy of these statements, estimates or projections. Our actual performance may be materially different from the statements, estimates or projections set forth below based upon a number of factors, including, but not limited to, those set forth in “Risk Factors” section of the offering circular, related to future economic and/or market conditions, as well as future business decisions, which are difficult or impossible to predict or which may be out of our control. Actual results could vary materially from those set forth in such forward-looking statements. We are under no duty to update any of these forward-looking statements to conform them to actual results or revised expectations.
All Rights Reserved © 2020 | Tulsa Real Estate Fund
Financial Glossary of Terms
Fund Manager - Tulsa Real Estate Fund is managed by Tulsa Founders, LLC which is managed by Jay Morrison, the Fund Manager. The Fund Manager may be referred to in this document as the "company", "we", and or "us".
Offering Circular - A summary document providing the terms of the fund offering, including price, size, deadlines, use of funds, and relevant financial information. You can read TREF's Offering Circular by clicking here: TREF Offering Circular.
Net Dilutive Effect - Operation resulting in the overall reduction in value of fund interests.
(SEC) Securities and Exchange Commission - The U.S. Securities and Exchange Commission is an independent agency of the United States federal government. The SEC holds primary responsibility for enforcing the federal securities laws, proposing securities rules, and regulating the securities industry, which is the nation's stock and options exchanges, and other activities and organizations, including the electronic securities markets in the United States.
Subscriber Agreement - The investor's application to join the fund under specified terms. The agreement confirms that the company agrees to sell a certain number of shares at a specific price, and in return, the investor (subscriber) promises to buy the shares at the predetermined price and grantees his/her financial wherewithal to do so.
Tulsa Real Estate Fund (TREF) - The company in which investors have an equity interest in. The Company is managed by Tulsa Founders, LLC. The Company has been formed to invest in various real estate related assets such as a single family, multifamily and commercial properties throughout United States through lending, acquisition or development.
Yield Time - Yield time refers to the earnings generated and realized on an investment over a particular period of time.
(SEC) Securities and Exchange Commission - The U.S. Securities and Exchange Commission is an independent agency of the United States federal government. The SEC holds primary responsibility for enforcing the federal securities laws, proposing securities rules, and regulating the securities industry, which is the nation's stock and options exchanges, and other activities and organizations, including the electronic securities markets in the United States.
Subscriber Agreement - The investor's application to join the fund under specified terms. The agreement confirms that the company agrees to sell a certain number of shares at a specific price, and in return, the investor (subscriber) promises to buy the shares at the predetermined price and grantees his/her financial wherewithal to do so.
Tulsa Real Estate Fund (TREF) - The company in which investors have an equity interest in. The Company is managed by Tulsa Founders, LLC. The Company has been formed to invest in various real estate related assets such as a single family, multifamily and commercial properties throughout United States through lending, acquisition or development.
Yield Time - Yield time refers to the earnings generated and realized on an investment over a particular period of time.
Due to circumstances related to COVID-19, Tulsa Real Estate Fund, LLC is not able to meet the filing deadline required by Regulation A for its Annual Report on Form 1-K for the year ended December 31, 2019. The Company is relying on the temporary final rules adopted by the Securities and Exchange Commission, which provides a 45-day extension to file the Form 1-K.
Important Notice the Regarding Regulation A Offering and Forward-Looking Statements
An offering statement regarding the offering described above has been filed with the SEC. The SEC has qualified that offering statement, which means that Tulsa Real Estate Fund may make sales of the securities described by that offering statement. It does not mean that the SEC has approved, passed upon the merits or passed upon the accuracy or completeness of the information in the offering statement. You may obtain a copy of the offering circular that is part of that offering statement through this link: offering circular
Investing in a Regulation A exempt offering like our offering is subject to unique risks, tolerance for volatility, and potential loss of your investment, that investors should be aware of prior to making an investment decision. Please carefully review the risk factors contained in the offering circular for this offering. For more information about Regulation A offerings, including the unique risks associated with these types of offerings, please click on the SEC's Investor Alert.
This e-mail and the accompanying materials have been prepared by Tulsa Real Estate Fund solely for general informational purposes and do not constitute an offer to sell, the solicitation of an offer to purchase, or a recommendation for any securities by Tulsa Real Estate Fund or any third party. A securities offering by Tulsa Real Estate Fund is only being made pursuant to the offering circular described above. The content of this email is qualified in its entirety by such offering circular.
This email may contain estimates, projections and other forward-looking statements, typically identified by the use of such terms as “may,” ;“should,” “could,” “intend,” plan,” “anticipate,” “estimate,” “believe,” “will” or the negative of such terms and other comparable terminology. Forward-looking statements are based upon our current plans, expectations, estimates, assumptions and beliefs and are made pursuant to the Private Securities Litigation Reform Act of 1995. These statements, estimates and projections are based on various assumptions that we made concerning our anticipated results and industry trends, which may or may not occur. We are not making any representations as to the accuracy of these statements, estimates or projections. Our actual performance may be materially different from the statements, estimates or projections set forth below based upon a number of factors, including, but not limited to, those set forth in “Risk Factors” section of the offering circular, related to future economic and/or market conditions, as well as future business decisions, which are difficult or impossible to predict or which may be out of our control. Actual results could vary materially from those set forth in such forward-looking statements. We are under no duty to update any of these forward-looking statements to conform them to actual results or revised expectations.
All Rights Reserved © 2020 | Tulsa Real Estate Fund