Do you need to be an Accredited Investor?

You found an enticing offering for a commercial real estate deal. The fundamentals are there (ie: location, cap rate, LTC ratio, rent roll, and sponsor strengths). You reach out about investing only to face a major barrier imposed by the Securities and Exchange Commission (“SEC”). The offering you were looking at is for accredited investors only.

An accredited investor is someone whom the SEC defines as:

Someone with a net worth, or a couple with a combined net worth, of at least $1M, less the value of their primary residence, or
Someone with an income of at least $200k, or a couple with a combined income of at least $300k, for the last 2 years, and who is expecting to continue earning at that level

Note: There are a few other entities that the SEC considers accredited investors, but they fall into a broad category. See Investment Criteria section of OC.

It’s estimated that only 8.25% of all American households are actually accredited investors. That means that the majority of investors are considered to be non-accredited and their investing options are limited.

Streitwise is an option for those investors, both accredited and non-accredited. We are in fact one of the few options out there available to non-accredited investors to invest in private, professional managed real estate.

As a non-accredited investor, there are limitations. Notably, you cannot invest over 10% of the greater of your individual net worth or individual income. We do implore you to read the Investment Criteria section of the Offering Circular for more details on limitations.

In general, with a $2,500 minimum investment (250 shares), you can invest in this offering as an individual, Company (see limitations page in OC), Trust, or IRA.

Eliot Bencuya

Eliot Bencuya is the co-founder and CEO of Streitwise. Eliot has extensive experience identifying, underwriting, and executing value-add real estate investments.

Prior to forming Streitwise, he was a Vice President of Acquisitions for Canyon Capital Realty Advisors and the Canyon-Johnson Urban Funds, where he was responsible for originating, underwriting, structuring and executing transactions in the Pacific Northwest, Northern California and Midwest regions. Mr. Bencuya also held positions at Sovereign Investment Company (a subsidiary of the Marcus and Millichap Company) and the investment banking division of Merrill Lynch & Co. He holds a Bachelor of Arts degree in Economics and International Studies from Yale University, and a Masters of Business Administration degree from the Haas School of Business at the University of California, Berkeley. Mr. Bencuya is a member of ULI.

SW Manager, LLC, dba “Streitwise,” (“Manager”) is a wholly-owned subsidiary of and controlled by Tryperion Partners, LLC (our “Sponsor”). Manager is the external manager and advisor of 1st Streit Office Inc. (“1st Streit Office”) and 1st Streit Office Operating Partnership LP (our “Operating Partnership” and, together with 1st Streit Office, “Our Current Offering”). 1st Streit Office is the sole general partner of our Operating Partnership, through which all of our assets will be owned and substantially all of our operations will be conducted. All references herein to “Streitwise” refer, as applicable, to Manager, 1st Streit Office, the Operating Partnership, or any of their affiliates (collectively, the “Streitwise Entities”). Unless explicitly stated to the contrary, all references to “we,” “us,” and/or “our” shall refer to the Streitwise Entities. Streitwise is not affiliated with nor related to NAREIT or its annual REITwise conference.

An offering statement regarding this offering has been filed with the SEC. The SEC has qualified that offering statement which only means that 1st Streit Office Inc. may make sales of the securities described by that offering statement. It does not mean that the SEC has approved, passed upon the merits or passed upon the accuracy or completeness of the information in the offering statement. You may obtain a copy of the offering circular that is part of that offering statement HERE. You should read the offering circular before making any investment. Our current offering is structured as a non-traded real estate investment trust, or “REIT,” under Regulation A+ of the JOBs Act.

¹ Since inception annualized dividend includes all dividends from commencement of operations of Our Current Offering through the quarter ending March 31, 2021.
² #1 Overall Fund Fees and Experience as rated by The Real-Estate Crowdfunding Review.
³ Source: FTSE NAREIT All Equity REITs vs S&P 500. Real estate has outperformed the S&P 500 with more than double the gains since 1990.
⁴ Reflects gross IRR on realized investments in the Sponsor’s investment portfolio since inception.
⁵ We will seek to invest in real properties and other real estate-related assets that we believe can produce a 8-9% return. Based on our Sponsor’s prior experience, we believe that we can acquire a portfolio of assets that has the ability to achieve this return for investors. However, we cannot guarantee that we will reach this target return for our investors.

Do you need to be an Accredited Investor to Invest?

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