Frequently Asked Questions

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The minimum investment for Wellings Capital’s funds and sidecar opportunities is $50,000.

Wellings opened two real estate funds in June 2025. We expect that the Wellings Evergreen Income Fund will remain open perpetually. The Wellings Growth Fund II will be open until approximately 2027 before closing to investors. To get on our email list and be notified about fund announcements, you can register here.

Here is the step-by-step process:

1. Register as an investor and review investment documents and details.

2. Schedule a call with us to get your questions answered and ensure investing with us is the right fit for you and your goals.

3. Submit your commitment to invest online in our portal.

4. Verify your accreditation status through either an accreditation letter or the free Accredd option. Steps for this are laid out in the portal.

5. Sign the subscription agreement online.

6. Receive funding instructions and fund your investment through wire or ACH either immediately or wait until capital calls depending on the investment.

7. Wellings Capital receives your funds and deploys the funds to carefully vetted investments.

8. Assuming distributions are available and you have not opted into the Distribution Reinvestment Plan (DRIP) for Wellings Evergreen Income Fund, you can expect to receive your first distribution within 3-6 months following your commitment.

9. You will receive a detailed investment update for your fund each quarter and intermittent updates between quarters when there is relevant data to report.

The current Wellings Capital funds are set up as Limited Partnerships. As an investor, you will own a membership interest in a Wellings Capital fund. Through this structure, investors have direct fractional ownership in the individual properties in the fund, giving investors access to tax benefits.

For full details on this structure, please register and read through the legal documents and/or schedule a call with us.

Wellings Capital has an extensive 27-point due diligence process that we perform before investing with an operator. We’re doing background checks, verifying track record and current portfolio performance, checking skin in the game, checking references, meeting the principals in person, touring the property in person, vetting how the operator runs their business and their culture, and much more.

We are happy to share more about our due diligence process on a call with you.

This is one of the most important questions every prospective investor should be asking. The biggest determinant of success of each investment we make is the quality of the operator. For this reason, we take the operator vetting process extremely seriously and we only work with those that have lengthy and proven track records of success in the specific asset type of the investment.

We are happy to share detailed track records and bios of our operators after completing a call with us and signing a basic NDA.

The Wellings Growth Fund II is a closed-end fund that generally does not offer liquidity to investors. However, we do allow for investors to seek out a third-party sale of their investment. There is no guarantee that investors will be able to find a suitable third-party. 

The Wellings Evergreen Income Fund does allow for investor withdrawals after as early as one year. However, certain penalties will apply until the end of the fourth year. See Section 13 of the Limited Partnership Agreement for the full details and terms. 

An investment in the funds should be considered long-term in nature. Investors should be in a financial position that will enable them to hold their investment for the duration of the offering.

The Wellings Growth Fund II is projected to last from eight to ten years, or even longer. Wellings Evergreen Income Fund is an open-ended fund with liquidity options.

Wellings expects to invest in multifamily apartments, self-storage facilities, manufactured housing communities (mobile home parks), RV parks, and potentially other commercial real estate asset classes. Click here to access free eBooks about self-storage, mobile home parks and RV parks.

We answer this question in a blog post here.

You can invest with cash and through trusts, LLCs, and LPs. In addition, you can invest through eQRPs, self-directed IRAs, and self-directed 401(k)s.

You can go here to view our self-directed IRA firm recommendations. We have worked with quite a few in the past.

Similar to a 1099, a K-1 form is an accounting of the tax income for the year. Each Wellings Capital investor receives one K-1 per fund/sidecar each year, regardless of how many properties are in each fund. K-1 forms are most commonly used in partnerships and in real estate ownership. 

Wellings Growth Fund II and Wellings Evergreen Income Fund will file composite returns in states where allowed (approximately 40 states) to reduce and/or potentially eliminate the need for individual state filings. As always, please consult your tax professional for more specific instruction on tax filings.

A REIT (Real Estate Investment Trust) is basically real estate flavored stock and is often highly correlated to the performance of the stock market. As direct fractional investors, Wellings Capital clients are protected from that volatility.

Additionally, direct fractional ownership provides investors access to all of the tax advantages that are often unavailable to REIT Investors. REITs typically make the majority of their income through transaction fees, while the bulk of our revenue comes after our investors make money.

The frequency of distributions will vary based upon the fund or sidecar, but typically investors receive distributions on a monthly or quarterly basis.

Yes, you can always add new money to any existing fund which is open. Please check with our team about this if you have additional questions.

On a quarterly basis, Wellings Capital publishes a comprehensive update for each fund, highlighting various activities and operations of the fund.

Additionally, Wellings often emails fund updates intra quarter when there is relevant information to share. Investors are also encouraged to schedule a call with a team member to discuss any questions.

Our investments are only open to accredited investors. Since our offerings fall under Rule 506(c) of Regulation D, investors will be required to verify their accredited status through a third party, including a CPA, financial advisor, attorney, or a third party accreditation service provder called Accredd. We cover the cost of the accreditation verification for investors through our portal.

Accredited Investors are individual investors who either have a net worth of at least $1,000,000, excluding the value of one’s primary residence, or have earned income over each of the last two years of at least $200,000 and have the expectation to make an equal or greater amount in the current calendar year. If you don’t qualify under that standard, you can choose to combine your income with your spouse and the new threshold for qualification would be $300,000 in combined income.

In addition, accredited investors can invest through entities such as LLCs, partnerships, corporations, nonprofits and trusts. These entities are considered suitable for investing depending on your personal circumstances, including the following:

• any trust, with total assets in excess of $5 million, not formed to specifically purchase the subject securities, whose purchase is directed by a sophisticated person, or

• any entity in which all of the equity owners are accredited investors.

It is also important we ensure we are a fit for one another. This type of investing is not appropriate for every investor. To determine if commercial real estate investing is right for you, please schedule a call with us.

Source: Investor.gov

Commercial real estate has the potential to provide investors with several tax advantages:

• Income to investors is frequently shielded by depreciation and other tax losses

• Proceeds from refinance events typically come to you with no immediate tax obligation

• The step-up in basis benefit reduces your heir’s tax obligation when they sell the inherited asset

This is not professional tax advice and should not be relied upon for making investment decisions. Investors should consult with their financial advisor, accountant and/or tax attorney for tax advice specific to their particular needs and objectives.

Wellings does not use leverage at the fund level, however our operators typically use debt when acquiring new properties. We anticipate that bank or seller financing will generally account for between approximately fifty percent (50%) and seventy percent (70%) of the gross fair market value of each property.

Your liability cannot exceed the amount of your investment. One value of real estate as an investment as compared to stocks, etc., is that it is highly unlikely for a property to lose all value, as is possible when investing in stocks or other alternative investments. The passive investors carry no lending risk.

No. Wellings Capital does not make any guarantees regarding the investment performance of our funds. We use documented historical data as well as commonly used industry methods to conservatively calculate the potential returns of these investments. Wellings cannot predict future events (which can influence any investment).

Guaranteed investments generally have very low returns as compared to the potential returns projected for Wellings funds/sidecars.

The Wellings Capital team leverages years of real estate experience with the goal of meeting or exceeding return projections to investors. Wellings Capital earns asset management fees, acquisition fees, and a share of profits after investors receive their preferred return.