Frequently Asked Questions

Haverkamp Group is a vertically integrated real estate development sponsor based in Iowa offering accredited investors access to private real estate investment opportunities, primarily through Regulation D offerings focused on multifamily and real asset strategies.

Yes. Haverkamp Group co-invests in each offering alongside outside investors. This alignment-of-interest structure means our team has meaningful capital at risk in the same offerings we sponsor. This co-investment model is fundamental to a trustworthy sponsor-investor relationship.

Our primary focus is multifamily real estate, with particular emphasis on luxury apartment developments in growth markets across the Midwest. We have expertise in the 55+ active adult, student, and conventional multifamily segment and evaluate each market based on demographic trends, supply constraints, and long-term demand drivers.

Haverkamp Group is a vertically integrated sponsor, meaning we handle development, construction oversight, asset management, and property management through affiliated entities rather than outsourcing to third parties. This structure gives investors a single point of accountability and allows Haverkamp Group to capture value across the development cycle—supporting stronger investor outcomes over time.

In a real estate syndication, investors pool capital to acquire or develop a property that would be difficult to access individually. Investors subscribe to a specific offering and become limited partners (LPs) or members of a fund or project entity. Capital is deployed into the underlying real estate asset, and investors receive periodic distributions tied to property cash flow and, ultimately, a return of capital upon sale or refinance. The general partner (GP) or sponsor is responsible for executing the business plan.

Regulation D is an SEC exemption that allows companies to raise capital through private placements without registering the securities publicly. Under Rule 506(c), issuers may broadly solicit accredited investors—but are required to take reasonable steps to verify each investor’s accreditation status before accepting a subscription.

A preferred return (often called a “pref”) is a minimum return threshold that investors receive before the sponsor participates in profits. For example, in an offering with an 8% preferred return, investors receive distributions equal to 8% of their invested capital before the sponsor earns any share of the profits. After the pref is satisfied, remaining profits are split according to the waterfall structure defined in each offering’s PPM. The preferred return accrues but is not guaranteed—it depends on the performance of the underlying asset.

Hold periods vary by offering and depend on the business plan—whether the project is a ground-up development, a value-add acquisition, or an income-generating asset. Each offering’s PPM discloses the projected hold period and the conditions under which it may be extended. Haverkamp Group offerings are geared towards long-term holding periods due to their benefits to investors/owners.

Distribution timing and frequency are specific to each offering and are detailed in the PPM. Many of Haverkamp Group’s offerings target quarterly distributions once a project reaches stabilization. During a development phase, distributions may be deferred until the asset generates positive cash flow.

Our offerings are generally limited to accredited investors as defined by the SEC. Under current rules, an individual qualifies as accredited if they meet at least one of the following criteria:

• Net worth exceeding $1 million, excluding their primary residence
• Annual income exceeding $200,000 (or $300,000 jointly with a spouse) in each of the prior two years, with reasonable expectation of the same in the current year
• Certain professional certifications (Series 7, 65, or 82 licenses in good standing)

Entities such as trusts, LLCs, and family offices may also qualify under separate criteria. Qualification requirements are outlined in the investor questionnaire provided prior to subscription.

Under 506(c) offerings, sponsors are required to take reasonable steps to verify accreditation and cannot rely solely on self-certification. Verification is typically completed through a third-party accreditation verification service or by providing documentation such as tax returns, brokerage statements, a CPA letter, or an attorney letter.

Investments through self-directed IRAs (SDIRAs) may be possible depending on the structure of a specific offering. Investors interested in using SDIRA capital should ensure their custodian permits alternative investments and consult a qualified tax advisor regarding UBTI (Unrelated Business Taxable Income) implications. 1031 exchange eligibility is offering-specific and depends on how the offering entity is structured.

Please contact Haverkamp Group to discuss investment options that can be available to you.

Private real estate investments carry meaningful risks that investors should fully understand before subscribing:

• Illiquidity: These investments are not publicly traded. There is no guarantee of a secondary market, and investors should expect to hold for the projected duration.
• Loss of principal: Real estate values can decline due to market conditions, rising interest rates, construction delays, or operational underperformance.
• Execution risk: Development and value-add projects depend on the sponsor’s ability to execute the business plan on time and on budget.
• Leverage risk: Many real estate investments use debt financing, which can amplify both gains and losses.
• Regulatory and tax risk: Changes in tax law or zoning regulations could affect projected returns.

These investments are intended for accredited investors with sufficient financial sophistication to evaluate and bear these risks. The PPM contains a full risk factor disclosure.

Minimum investment amounts are set at the offering level and vary by offering. Our offerings to individual accredited investors typically carry minimums in the range of $50,000, though certain offerings—particularly those structured for institutional or family office allocators—may have higher minimums. Specific minimums are disclosed in each offering’s subscription materials.

Fee structures vary by offering but typically include some combination of an acquisition or origination fee, an asset management fee, and a carried interest (promote) on profits above the preferred return. All fees are disclosed in the PPM prior to subscription.

Investors in Haverkamp Group offerings receive a Schedule K-1 annually, reflecting their allocable share of tangible income, loss, deductions, and credits from the investment entity. K-1s are typically delivered within seventy-five (75) calendar days of the end of each year, though complex projects may require filing extensions. Investors should consult their own tax advisor regarding the treatment of K-1 items on their personal returns.

Real estate investments can offer meaningful tax advantages, including depreciation deductions (which can offset passive income), potential cost segregation benefits on new development, and capital gains treatment on property appreciation. The specific tax profile of each investment depends on its structure, asset type, and hold period. These benefits are not guaranteed and depend on each investor’s individual tax situation. As a fund sponsor, we recommend consulting a qualified CPA or tax advisor with experience in real estate partnerships.

Yes. We work with registered investment advisors (RIAs), independent broker-dealers, and financial advisors who serve accredited clients. We can provide offering materials, financial models, and due diligence support to help advisors evaluate suitability for their clients.

Yes. Haverkamp Group works with family offices and institutional partners seeking direct exposure to private multifamily real estate. Investment structures may be tailored for larger allocations where appropriate, subject to offering terms and regulatory requirements. We maintain a dedicated data room with institutional-grade due diligence materials for qualified allocators.

We engage with investors allocating through aggregation vehicles or fund-of-funds structures on a case-by-case basis. These arrangements are evaluated based on strategic fit, offering structure, and the underlying investors’ accreditation status. Please contact us to discuss the specifics of your structure.

We may pursue joint venture or co-investment opportunities with select institutional partners where there is strategic alignment—particularly on larger development projects where a JV structure adds value for both parties.

Qualified investors and their advisors are provided with a comprehensive due diligence package that typically includes:

• Private Placement Memorandum (PPM) with full risk factor disclosure
• Financial models with projected cash flows, returns, and sensitivity analysis
• Market research and comparable transaction data
• Development or acquisition pro forma
• Sponsor track record and team background
• Subscription agreement and investor questionnaire

Additional materials may be available upon request for institutional allocators conducting deeper diligence.

Our offerings are conducted as private placements under Regulation D of the Securities Act of 1933 and are exempt from full SEC registration. However, this does not mean the investments are unregulated—issuers must comply with anti-fraud provisions, disclosure requirements, and accreditation verification obligations. We work with securities counsel to structure and conduct its offerings in compliance with applicable federal and state securities laws.

Our offerings are intended only for accredited investors who have the financial sophistication to evaluate the risks, the ability to bear a total loss of their investment, and the liquidity to hold an illiquid asset for the projected duration. They are not appropriate for investors who need short-term liquidity, cannot absorb a loss of principal, or who do not meet accreditation requirements. We encourage all prospective investors to review the PPM thoroughly and consult with independent financial and legal advisors before subscribing.

Complete details—including risk factors, fee structures, distribution waterfalls, and all material terms—are provided in the Private Placement Memorandum (PPM) and related offering documents for each specific investment. The PPM is the controlling document and supersedes any summary materials or marketing collateral.

Contact Haverkamp Group directly to request offering documents for a current or upcoming offerings.