Real Estate

Ultimus Fund Solutions provides real estate fund managers with a comprehensive suite of services which increases efficiency and introduces best practices while reducing operating costs. Our team of experienced professionals provides high quality, customized solutions to real estate fund managers.

We utilize a system that allows us to systematically calculate fees and carried interest and create customized reports. It accounts for investments denominated in foreign currencies, investor capital activity, special allocations and enables us to produce consolidated financial statements at any level of the entity.

Learn more about Ultimus' comprehensive services for real estate funds on this downloadable sheet or contact us for further information regarding our complete private fund administration services.

  • Portfolio, Fund and Investor Accounting

    Our team of professionals will review and consolidate each set of property-level financials created by a property manager.

    We complete REIT (if applicable), fund and investor accounting by providing with a full set of financial statements for each entity and investor account statements.

  • Process Subscriptions

    We take care of all aspects of processing investor subscription commitments including:

    • Review and approve all subscription agreements
    • Issue confirmation notices
    • Communicate with investors regarding deficiencies in subscription documents
    • Maintain files with signed original copies of all subscription documents
  • Capital Commitments

    We maintain a roster of capital commitments, calls met and calls outstanding.

  • Capital Calls
    • Issue capital call and confirmation notices
    • Review sources used to fund accounts
    • Track funds received
  • Distributions
    • Complete distribution calculations
    • Issue confirmations
  • Anti-Money Laundering

    At Ultimus we take due diligence activities very seriously, therefore we perform the Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance requirements, including:

    • Verifying investor identity
    • Documenting transactions
    • Verifying fund origins
    • Verifying transferee identity
    • Checks against AML watch lists, including the Office of Foreign Assets Control (OFAC) list
  • Financial Controls

    Applying a robust set of financial controls which are in place to protect investors, Ultimus’ system relies on the principle of joint control (Fund and Ultimus) on the movement of money and also separation of duties within Ultimus. In addition, bank accounts are held at banking institutions with levels of security and safeguards.

  • Accounting for GP Carry Vehicle

    At Ultimus, we have extensive experience accounting for GP Carried Interest Vehicles. A comprehensive set of financial statements, including full general ledger detail, investor statements, and performance reporting are produced for the carry vehicle on a regular basis.