Frequently Asked Questions
1. What is Evergreen and how does it work?
Evergreen is a real estate fund manager. We are NOT a real estate crowdfunding technology company that brokers deals.
Unlike most real estate investment funds, Evergreen operates as a private real estate holding company to recapitalize properties and reinvest cash flow in order to compound returns over the long term. Evergreen investors have the option to reinvest their dividend in order to generate potential earnings on top of earnings.
2. Who is eligible to invest with Evergreen?
Evergreen will work with accredited investors, family offices, private wealth firms.
Accreditation status will be verified upon commitment to an offering. An accredited investor is a term used by the U.S. Securities and Exchange Commission (SEC). In order to qualify as accredited, an investor must accomplish at least one of the following:
Earn an individual income of more than $200,000 per year, or a joint spousal income of more than $300,000 per year, in each of the last two years and expect to reasonably maintain the same level of income;
Have a net worth exceeding $1 million, either individually or jointly with his or her spouse (excluding the primary residence);
Be a bank, insurance company, registered investment company, business development company, or small business investment company;
Be a general partner, executive officer, director or a related combination thereof for the issuer of a security being offered;
Be a business in which all the equity owners are accredited investors. Be an employee benefit plan, a trust, charitable organization, partnership, or company with total assets in excess of $5 million.
3. Are these investments risky?
Yes. Similar to investing in the stock market, there is no guarantee when you are investing in real estate. The real estate market has economic cycles and it is difficult to know how and when the economy will change.
4. Can I use a self directed IRA or other retirement account to invest with Evergreen?
Yes, we can process investments made through a self-directed IRA account.
5. How will investor reporting work?
Investors will receive access to an investment portal where they can review their investment details and relevant documents at any time.
Investors will receive quarterly statements detailing the status of their investment.
6. Can I redeem or cash out my shares?
Real estate is inherently a long-term, illiquid investment. Evergreen offers open-ended funds that are intended for investors who are long-term focused. However, we have adopted a redemption plan whereby an investor may request to obtain liquidity yearly subject to limitations. For more information on our redemption plan, please see the private placement documents (PPM).
7. Can Evergreen accept 1031 proceeds?
Unfortunately, no we cannot accept 1031 funds. You’ll need to invest 1031 proceeds into like-kind real estate. Our diversified fund does not meet this description.
8. What am I investing in?
You are investing in a diversified portfolio of investment real estate located throughout the United States that our team identifies and invests in on your behalf. The portfolio should grow and change over time as we accumulated more assets, and others are sold refinanced or are paid off.
9. What tax documents should I expect to receive?
You can expect to receive a simple 1099-DIV form each year in February for any dividends paid that year. This form is the same as the tax documents you would receive from your stock investments each year. Evergreen is structured to simplify the tax process as compared to most diversified funds that issue large, multi-state K1 packages each year that arrive close to or after the tax deadline.
If you are an accredited investor and have additional questions, please reach out to schedule an introductory call.