Real Estate Fund Administration

To support comprehensive management of funds focused on investment properties, NAV provides a full suite of specialized Real Estate Fund administrative services for more than 100 real estate funds, encompassing a broad range of property types:

Commercial
Warehouse
Residential
Academic
Agricultural

Fund Accounting

Administration and accounting for pass-through entities created for tax benefits, i.e. REITs, Corporations, etc.
Handling joint venture real estate investment deals
Accounting and monitoring of escrow and other deposits, including good faith deposits, earnest money deposits, and tax escrow deposits
Prepare fixed asset and depreciation schedules
Calculate and administer waterfall and carry plans

Comprehensive Reporting

Daily reporting of available cash, enabling managers to foresee capital call requirements from investors for investment and/or fund operations purposes
Monitoring, tracking, and reporting: Rent and Royalty Income receivables and lease maturity
Look-through reporting of SPV and property-level information at fund level
KPI reporting at SPV, property, and fund levels, including IRR, MOIC, and TVPI
Flexibility to configure and send additional customized reports with the standard reporting package

Banking and Bookkeeping Support

Bookkeeping services for the management company
Quick turnaround payments from fund’s bank account to support deal closings or other business circumstances that require rapid payment

Investor Services

Prepare unaudited financials for distribution to investors with capital account statements
Calculate and manage distribution of realized income to fund investors at a specified frequency (most commonly on a quarterly basis)

Zero setup or transition fees
Unlimited logins to web portal for the fund and investors
No additional AML/KYC fees per investor
Audit support included

PROOF OF CONCEPT

NAV offers a complimentary, risk-free trial for existing hedge and private equity funds.

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"In our 20 years with NAV, they have delivered excellent support with responsive, timely and accurate services. We especially appreciate their high touch, dedicated professionalism and ability to customize solutions for our firm. As our business has grown and evolved in complexity, NAV has always been ahead of the curve in providing answers and advice. In terms of cost, NAV fees have always been fair and in terms of quality, NAV is superior."

SEAN DOYLE, DOYLE FUND MANAGEMENT

"I could not be happier with NAV as an administrator for our fund. Their work is timely and accurate and they have the systems and controls in place to let me sleep soundly at night. To top it off, their services are priced competitively such that even small scale emerging managers can provide an institutional quality product to investors."

MICHAEL J. LEE, HYPOTENUSE CAPITAL MANAGEMENT

“Having a dedicated hands-on administrator with the ability to customize reporting both internally and externally has helped us realize efficiencies across both our back and front offices. The knowledge, experience, and support of the NAV Fund Administration Group is an asset to our firm because they allow us to focus on our investor client base without distractions."

JASON GILBOY, GLL INVESTORS LLC

“As our firm has grown, NAV has seamlessly adapted to our increased operational and regulatory needs through customization of their technological, administration and reporting systems. In our opinion, their fund administration services are excellent and we look forward to continuing this great relationship."

SCOTT BARNES, FORT LP

“We employ strategies that require NAV to handle high transaction volume and maintain a very diverse set of securities. NAV has also created innovative technology to deliver customized daily reports, allowing us to manage our business more efficiently. NAV has been a key service provider and valuable extension of our back office operations."

ERIC P. CRESSMAN, T2AM LLC

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