Ongoing Tracking Provides Investors Peace of Mind
Attract the savvy investor who knows high quality deals require third party fund administration.
Monitoring gives investors confidence.
Is money being allocated properly?
Investors need to know the money is going where it should be.
Are the rules of the operating agreement being followed?
An agreement is just a piece of paper, but monitoring means someone is watching to make sure things are operating the way they should.
Are expenses and reimbursements legitimate?
The devil is in the details, and that’s where investors worry fraud can crop up.
Monitoring is what investors need in order to invest confidently with you.
What Does Monitored Mean?
‘Monitored’ means we’re reviewing a deal on a quarterly and annual basis and generating a report. It’s the new standard in real estate investing. Here’s what we do for opportunities with the “Monitored” designation.
Please see our Terms of Service to learn more about how we monitor a deal.
Bank account review: Preparation of period-end bank reconciliations. Bank statements along with supporting documents are reviewed and transactions are recorded in the books and records.
Financial reporting: Maintaining books and records and producing period-end financial statements and related schedules. Where applicable, Verivest obtains financial statements of the underlying investment properties to facilitate the preparation of the fund level financial statements.
Fee calculations: Calculation of management fees and carried interest in accordance with the governing documents.
Distributions: Calculation of investor distribution allocations, including carried interest and the preparation of bank distribution files.
Investor balance tracking: Maintaining investor capital balances and updating for applicable capital activity including investor subscriptions, capital calls, distributions and period allocations
Investor reporting: Preparation of period-end investor capital account statements, and annual 1099-INT’s and K-1s.
Interested in monitoring?
Monitoring offers heightened transparency and accountability - that’s what investors are looking for. That’s why it's the gold standard. Give investors the confidence they need and close more deals. Don’t pitch without it.
A manager member may retain Verivest to provide certain fund administration or accounting services. Whenever a manager member retains Verivest for these services, the deal being administered is designated as “Monitored”.