Frequently asked questions Tulsa Real Estate Fund is the first African American
owned crowdfunding platform revitalizing the urban community.
 

Frequently Asked Questions About Tulsa Real Estate Fund


Tulsa Real Estate Fund (TREF) is a SEC Regulation A+ Tier 2 real estate fund and economic vehicle inspired by the historic Black Wall Street community of Tulsa, Oklahoma. TREF was created for the revitalization and advancement of urban communities as a means for non-accredited* investors to own shares and equity in a portfolio of real estate assets in underserved urban communities.

TREF should be considered a long-term investment vehicle. Each investment is subject to a 12-month lock-up period*. Following this lock-up period, the Tulsa Real Estate Fund will distribute dividends quarterly based on the profitability of the fund.

After the 12 month lock-up period during which no withdrawals will be completed by any member, TREF will use its best efforts to honor requests for a return of capital subject to, among other things, the Company's then available cash flow, financial condition, and approval by the Manager. The maximum aggregate amount of capital that the Company will return to the Members each calendar year is limited to 5.0% of the Interests of the Company as of December 31 of the prior year.

  1. Create your free investment account at www.tulsarealestatefund.com, by clicking the signup tab
  2. Fill out the personal identifying information fields, create a password, agree to terms of use and select your accreditation status
  3. Fund your investment account via ACH
  4. Sign your subscription agreement

After, your investor account has cleared you will receive a letter from Computershare our registrar. Please follow the instructions to confirm your stock, and complete your tax certification.

Following receipt of the instructional letter from Computershares, you will receive a digital certificate of shares within .two (2) weeks.

Yes, with a minimum investment of $25,000 please call Investor Relations at 1-844-73-TULSA or email us at [email protected] using the subject line: International Investor.

Hypothetically, if the fund achieves a 30% return, you, the investor would receive a preferred return* of 8%. The remaining 22% would then be split 50/50 between the fund Manager and the crowd investors.

The TREF acquisitions team that consists of industry professionals with over 100+ years of combined experience in analyzing real estate deals, underwriting, accounting and legal will select real estate opportunities on behalf of the fund.

Although the management group (Tulsa Founders LLC) is 100% African American own, will focus many of its investment efforts on revitalizing urban communities, curbing gentrification, and rebuilding a 21st Century Black Wall Street, we open our fund’s doors to all ethnicities and nationalities. We are proud to be inclusive in rebuilding our communities and allowing everyone an opportunity to invest with us and do their share of social good through collaborative economic investments.

The minimum age to open an investment account is 18 years old. As a parent or legal guardian, you may open an investment account in your own name designating a minor child as the beneficiary of your TREF shares. Please send us an email at [email protected] using the subject line: Beneficiary Account to inquire about setting up a beneficiary investment profile.

TREF's current and immediate investing interests are in real estate assets and businesses that are anchored by real estate.

The maximum threshold for the fund is $50,000,000. You may invest from the minimum amount of $500 up to the maximum threshold.

As with all investments there is level of risk to be weighed against the potential return to consider when purchasing shares of any kind. However, TREF investors receive an 8% preferred return before the 50/50 profit split between the fund and its Managers.

We do not currently offer a dividend reinvestment plan, but are reviewing our post lock-up period processes to include this feature for our shareholders in the future.

We are an Atlanta-based company and will have focused efforts at the onset in the Atlanta, GA area, however TREF is dedicated to deploying capital to markets nationally including the following six additional cities of focus and beyond:
Detroit, MI
Baltimore, MD
Chicago, IL
Newark, NJ
Oakland, CA
New Orleans, LA

TREF will invest in real estate projects that are either: impactful to the community, deliver a moderate return to investors, or revitalizes our target communities. Specific projects could include, but are not limited to: single family, multifamily, agriculture, commercial, industrial projects, and businesses anchored by real estate.

All properties and TREF projects will be held in a special purpose entity, which would be owned by Tulsa Real Estate Fund, LLC.

Yes, you may submit a potential deal by visiting www.tulsarealestatefund.com, navigating through the menu and selecting Submit a Deal. You will be asked to provide your name, email, phone number, and an overview of the potential project for review.

Crowdfunding is the practice of funding a project or venture by raising small amounts of money from a large number of people, typically via the Internet. In a word, crowdfunding makes use of the easy accessibility of vast networks of friends, family, and colleagues through social media to get the word out about a new business opportunities and attract investors. Crowdfunding has the potential to increase entrepreneurship by expanding the pool of investors from whom funds can be raised, beyond the traditional circle of owners, relatives, and venture capitalists.

In 2012, President Barack Obama signed the Jumpstart Our Business Startups Act, or JOBS Act, into law. This law is intended to encourage funding of small businesses in the United States by easing many of the country's securities regulations.

In the past, real estate development was only available for investment through private equity in the development company or through real estate investment trusts (REITs) and was not feasible as a direct investment for most individuals. This is because each real estate development venture is a finite project, and registering each product as a security, even under Regulation D filings, is inefficient. Furthermore, real estate developers were not allowed to actively market or solicit investments for their projects due to restrictions by the Securities and Exchange Commission (SEC).

As the concept of crowdfunding grew, the Jumpstart Our Business Startups Act of 2012 modified certain rules under Regulation D that opened the door for more direct marketing and solicitation to non-accredited investors. Now, real estate developers can rely on Tulsa Real Estate Fund to solicit investments from both accredited* and non-accredited investors who are eager to make an investment in this market.

Investors like you will help push forward the mission of Tulsa Real Estate Fund to create real estate opportunities and add value in urban communities. The funds focus is to repair the residents of distressed communities through socio-economic revitalization. With our grassroots approach, we will have access to the most advantageous value-added opportunities and community partnerships. Our team also has combined experience of over 100 years in the areas of finance and real estate development. This experience, in addition to our public impact, gives us a unique edge in the marketplace. The importance lies in allowing all conscience and like-minded people an opportunity to share in the benefits and solutions.

  • Opportunity to own your shares of real estate assets (commercial, residential, mixed use, multi-family, agricultural etc. for as little as $500)
  • The ability to be an owner and partner in the first 100% black owned SEC Regulation A Tier 2 real estate investment crowdfund in history
  • Opportunity to invest in real estate projects that impact your community
  • Active participation in group economics through crowdfunding
  • Ownership in a real estate investment fund centered on curbing gentrification in urban neighborhoods
  • Attractive rate of return
  • Quarterly dividends payment the first quarter following the 12-month lock-up period. Dividends will be distributed on a quarterly basis based on the profitability of the fund.
  • Low processing fee of $25.50 flat fee per investment (not per share)

Yes! You may give us a call at 1-844-73-TULSA or send us an email to [email protected] to inquire about your account status and or submit general questions.

Yes, thanks to the Jobs Act. In 2012, President Barack Obama signed the Jumpstart Our Business Startups Act, or JOBS Act, into law. This law is intended to encourage funding of small businesses in the United States by easing many of the country's securities regulations.

An investor portal and back office reporting through our website software tracks all investment(s) and the return(s).

Please contact Investor Relations at 1- 844-73-TULSA or by email at [email protected] using the subject line: Self Accreditation.

Yes, for 401k investments above $25,000. Additionally, if you are still employed with that employer, you must request from your custodian the ability to roll your account into a self-directed IRA. Contact your Human Resources or Benefits Department for details on how to submit that request.

For self-directed IRAs that have already been rolled over from an existing 401k - yes you may invest or roll those funds over into your TREF investment account. Please email us at [email protected] for more details on this process using the subject line: 401K rollover.

The fund is not currently traded and shares are only offered directly by the fund management company, not through brokers or market makers. As such, the fund also does not have a ticker symbol.

Currently there is not an app available. Log into the TREF user portal to view your private profile and investment details at any time from your desktop or mobile device.

We accept ACH, however if your minimum investment is $25,000 we will accept a wire, and or check by contacting our TREF Investor Relations team at 1-844-73-TULSA or by email at [email protected] using the Subject line: Wire and or Check.

  1. Login
  2. Click "Menu"
  3. Click "Investment Profiles"
  4. Click "Update"
  5. Find your picture and select it.

Yes, institutional investors may open and fund their account with a minimum investment of $25,000 by contacting our TREF Investor Relations team at 1-844-73-TULSA or by email at [email protected] using the Subject line: "Entity" Institutional Investor.

Number of Shares: 1,000,000
Price per share: $50
Minimum Investment: $500 or 10 Shares
Dividend: Quarterly soon after 12-month lock-up period. Following the lock-up period, Tulsa Real Estate Fund will distribute dividends on a quarterly basis based on the profitability of the fund.
Financial Reporting: Quarterly
Net Asset Value Calculation: Annual
Preferred Returns: 8%
Fund Fees: 5.5% taken out of initial raise before 8% preferred returns.
Profit sharing: 50% of the amount above 8.0% preferred return.
Broker Dealer: No
Management Company Structure: LLC

This will result in an ACH return fee of only $5 that would be charged against your investment account.

This will most likely this will result in an Anti-Money Laundering (AML) exception which means that we will need additional information in order for you to complete your investment. A fee of $8 will be charged against your investment account.

We are seeking to foster a risk-free fund that is safe for all parties. Unfortunately, we will not be able to partner with you if you fail any AML/KYC Checks.

* Definition Key

* IPO- Initial Public Offering- is when a private company or corporation raises investment capital by offering its stock to the public for the first time.

* Lock-Up Period- A lock-up period is a predetermined amount of time following an initial public offering (IPO) where shareholders and investors are restricted from selling their shares.

* Preferred Return- Contractual entitlement to distributions of profit (from net cash flow) until a threshold rate of return has been met (8%), before profit distributions are made to any other subordinate stakeholders in the project

* Accredited investor- According to the Securities and Exchange Commission (SEC), to qualify as an accredited investor, you must have a net worth that exceeds $1 million, either alone or with a spouse.

* Non- Accredited investor- A non-accredited investor is any investor who does not meet the income or net worth requirements set out by SEC.

* AML Anti money laundering (AML) refers to a set of procedures, laws, and regulations designed to stop the practice of generating income through illegal actions. Though anti money laundering laws cover a relatively limited number of transactions and criminal behaviors, their implications are far-reaching.

* KYC Know Your Client (KYC) is a process by which funds obtain information about the identity and address of the customers.

* Bad-Actor- An individual that has been convicted, within the last ten years before such sale (or five years, in the case of issuers, their predecessors and affiliated issuers), of any felony or misdemeanor or is subject to an order, judgment or decree of any court:

  • In connection with the purchase or sale of any security;
  • Involving the making of any false filing with the Commission; or
  • Arising out of the conduct of the business of an underwriter, broker, dealer, municipal securities dealer, investment adviser or paid solicitor of purchasers of securities;
 
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