Real Estate Fund Administration

Third-party real estate Fund Administration continues to flourish; an increasing number of real estate fund administrators are choosing to outsource their back-office activities to firms like Ultimus LeverPoint. We provide the institutional-like quality and infrastructure that investors have grown to rely upon, but with a boutique approach. By outsourcing these Real Estate Fund services to Ultimus LeverPoint, fund managers benefit from reduced costs and risk, increased efficiency and optimized fund operations.

Partnership Accounting

  • Review and interpretation of partnership agreements
  • Maintain General ledger
  • Calculating and recording all capital calls
  • Calculate distribution amounts
  • Calculate management fee
  • Create and maintain waterfall models; realized and unrealized
  • Preparation of cash disbursements and receipts
  • Record unrealized gains/losses on investments
  • Prepare carried interest calculations
  • Calculation of Fund IRR
  • Assistance and coordination of annual audits

Investor Services

  • Distribution of partnership correspondence:
    • Capital call notices
    • Distribution notices
    • Quarterly report updates
    • Financial statements
    • Capital account schedules
    • K-1s and other tax reporting
    • General correspondence
  • Maintain database of Limited Partner information
    • Contacts
    • Addresses
    • Wire information

Financial Reporting: Quarterly

  • Supporting Work papers
  • Financial statements
  • Capital account schedules

Financial Reporting: Annual

  • Supporting Work papers
  • Financial statements
  • Capital account schedules

Treasury Services

  • Coordinate the set-up of bank accounts
  • Administer online banking portals
  • Ability to work with multiple financial institutions
  • Review wires and checks as directed for all cash movements of the Fund and related entities
  • Preform OFAC procedures for all wires prepared prior to execution

Limited Partners’ Capital Accounts and Allocations

  • Capital contributions
  • Distributions
  • Income and expense allocations
  • Management fee allocations
  • Realized and unrealized carried interest
  • Remaining Commitment

Additional Services

  • Track receipt of capital calls from investors and proceeds from investments
  • Report cash activity and balances in an agreed upon timeframe
  • Reconcile al bank accounts and provide activity reports on a monthly basis