How to Invest with RockStep

A Private Placement Memorandum, also known as a PPM, is a document drafted by securities counsel that summarizes the terms of the offering, the details of the investment's material risks, and the conflicts of interest between the Fund Manager and its Members.

There are a couple of ways to verify your "accredited" status.

The simplest way is to have your CPA, attorney, or financial advisor complete a form letter that attests that you meet the requirements of an Accredited Investor. 

If you are unable to have one of those professionals provide you with the attestation letter, you can provide tax returns and W-2s that demonstrate that you meet the "income" requirement, or you can provide brokerage statements and other related documentation that demonstrate you have a suitable amount of assets to meet the standard. 

Our team will work with you through the process either way. 

We will have a separate closing each time we acquire a property. Ahead of the closing date, we will email capital call notices. You will have ten (10) business days to wire your funds in. 

The capital call notice will contain the exact date to wire your funds, the amount to send, and where to wire the funds. 

We will call capital in on a first-come, first-served basis. The order is determined by the date that investors signed their subscription documents. 

We intend to call in the total amount that each investor has committed. For instance, if you committed $500,000 and we technically only needed $250,000 to close on the acquisition of a property, we would still call the total amount rather than a portion. 

We are targeting the acquisition of our first property in Fall 2024. If you were to commit today, we will let you know once we have a property under contract, along with the approximate closing date. You will then receive the capital call notice, which will provide you with the details. 

To reward early investors of the Fund, we are offering investors that commit within the first $5M of capital commitments to receive one Class of Units higher than they would normally.

Investors committing between $100,000 and $999,999 will receive Class B Units instead of Class A Units. This means you'll receive an 8.5% Preferred Return and a 75/25 split instead of  8.0% and 70/30. 

Investors committing between $1,000,000 and $4,999,999 will receive Class C Units instead of Class B Units. This means you'll receive a 9.0% Preferred Return and an 80/20 split instead of  8.5% and 75/25.

If you are ready to proceed, you can go to https://rockstep.verivest.com to sign up and make your capital commitment. 

Once you've registered and made your capital commitment, you can electronically sign the subscription documents and complete your accreditation verification through the investor portal. 

$100,000

We anticipate it will take approximately 18 to 24 months to raise the entire $50,000,000. 

We will bring new capital into the Fund each time we acquire a new property. We are targeting acquiring eight properties in the Fund, which means we will have a closing about every three months. 

No. Our Fund is a closed-end fund. Once you invest, your money will be tied up until all of the assets have been sold. 

We anticipate it will take six to seven years from the date of the first property we acquire until the date the final asset is sold to wind up the Fund completely.

Along the way, you will receive quarterly distributions of the operating cash flow generated by the properties. When a property is sold, the sale proceeds will pay down your contributed capital until you've received a total return of capital. 

Yes. Whether you participate in the first closing of the Fund or the last closing, you will have an indirect ownership interest in all of the properties the Fund acquires.

We will order an independent appraisal of each of the Fund's properties each time we close on a new property. Based on the results of those valuations, the price of a Unit of any given Class (A, B, C) will be adjusted accordingly. 

For instance, those participating in the first closing will purchase Units at $1,000 per Unit. If the property acquired in the first closing appreciates in value prior to the second closing, the Unit Prices will be adjusted upward. This ensures that early investors aren't being diluted by investors participating in a later closing.