Question 1

What is the minimum investment for the Develop Michigan Real Estate Fund 2?

Accepted Answer

The minimum investment for the Develop Michigan Real Estate Fund 2 is $50,000 for accredited investors.

Question 2

What types of properties does the fund invest in?

Accepted Answer

The fund invests in a diversified portfolio of residential and commercial properties throughout Michigan, including multi-family housing, office buildings, retail spaces, and development opportunities.

Question 3

What is the investment term for the fund?

Accepted Answer

The Develop Michigan Real Estate Fund 2 has a projected investment term of 5-7 years, with potential for extension based on market conditions and investment performance.

Question 4

How often will investors receive updates on fund performance?

Accepted Answer

Investors receive quarterly performance reports and annual financial statements. Additionally, investors have access to an online portal for real-time updates on their investments.

Question 5

What are the fees associated with investing in the fund?

Accepted Answer

The fund charges a 1.5% annual management fee and a 20% performance fee on profits above a preferred return threshold. All fees are clearly outlined in the fund's private placement memorandum.

Develop Michigan Drives Economic Progress in The Great Lake State

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