Elevate.Money REIT I is Elevate’s initial platform offering.
Elevate.Money charges REIT I a monthly REIT Management Fee equal to 1/12 of 0.5% (or about 0.042%) of the value of REIT I’s assets at the end of each month. This REIT Management Fee compensates Elevate to maintain the Elevate.Money platform, to update content and disclosure on the Elevate.Money platform, to administer individual investor dashboards on the platform, and to facilitate the sale of additional REIT I shares via Dividend Reinvestment and Auto Investing.
Elevate.Money is reimbursed by REIT I for expenses incurred by Elevate on behalf of REIT I, including expenses involved in the organization of REIT I and the offering of REIT I shares. If, at the termination of the offering of REIT I shares, such reimbursed expenses exceed 3% of the total proceeds of REIT I shares sold, then Elevate will reimburse REIT I for such excess.
An affiliate of Elevate.Money has been retained by REIT I to find, purchase and manage REIT I’s properties. The affiliate is paid real estate fees for providing these real estate services. The affiliate can also earn a percentage of the increase in value of REIT I’s shares.
Investors do not pay upfront fees, but Dalmore Group LLC ("Dalmore"), our broker dealer of record, is paid a commission equal to one percent (1%) on the aggregate amount raised by the Client up to the first $5,000,000 of Client’s monthly REIT shares sold, then a fee equal to seventy-five one-hundredths (0.75%) for the next $2,500,000 of Client’s monthly REIT shares sold, then a fee equal to fifty one-hundredths (0.50%) for the next $2,500,000 of Client’s monthly REIT shares sold, then a fee equal to twenty-five one-hundredths (0.25%) for any additional monthly REIT shares sold.
For a full description of these and other fees please see the detailed description of all fees in the Offering Circular.