Frequently Asked Questions Answered

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FAQs

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What does Lilly Oak Actually do?

Lily Oak purchases investment properties with a very specific profitability criteria – manages them effectively and efficiently – and distributes cashflow to participating investors.

What am I investing in?

Lily Oak primarily offers single asset raises for medical real estate assets i.e. you invest in a specific property of your choice.

What are the tax implications of investing in real estate partnership?

Real estate investments offer several tax advantages. Tom Wheelwright and BiggerPockets have a series of podcasts on the issue, and one interview is available here:

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Who is eligible to invest with Lily Oak?

Most of our offerings are 506c which requires you to be an Accredited Investor. Click here for more information about what it takes to become an Accredited Investor.

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Can I invest with my self-directed IRA or other retirement account?

Yes! We can process investments through a variety of self-directed retirement accounts. You will need to utilize the services of a self-directed IRA custodian to facilitate an IRA or other retirement account investment. We can make recommendations to qualified service providers or are happy to work with your custodian in the event you already have engaged with one.

Do you have any past partners of professional references that I can contact?

Yes. We are happy to furnish you with as many references as you would like. These include past partners, lenders, brokers, and other professionals that we have worked with us in the past. Please keep in mind that past performance is not an indicator of future results, and you should read the offering documents carefully.

Does depreciation or tax losses get passed through to investors?

Yes. Depending on the property, we will perform cost segregation to allow investors to benefit from accelerated depreciation.

How will investor reporting work?

Investors can expect to see monthly updates on their properties. More updates will be provided when there are key leasing developments at the property. Full financial reports are generated each quarter along with written formal updates. From a tax standpoint, you will receive a K-1 for your interest in the partnership each year. K-1’s are typically mailed by March 15th of each year.

If I have questions throughout the term of my investment, how can I get in touch with you?

As one of our partners, you have direct access to the principals of the firm and their investor relations support team. All inquiries are handled via white glove telephone support as well.

When are distributions paid?

Distributions of positive cashflow are paid quarterly.

Got Any Questions?

We would love to address your questions. Please call or click the button below and contact us. We will get in touch with you within 1 business day.

Call us at (614) 636-0495

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Disclaimer

NOTICE: As with all investments, an investment in commercial real estate is subject to risk, including the risk that all of your investment may be lost. Any representations concerning investing in commercial real estate; to include representations as to stability, diversification, security, resistance to inflation and any other representations as to the merits of investing in commercial real estate reflect our belief concerning the representations and may or may not come to be realized. Any offer of a security may be made to accredited investors only pursuant to Rule 506(c) of the U.S. Securities Act of 1933, as amended (the “Act”), by an authorized representative by delivery of a complete copy of an offering memorandum including all exhibits. By using this website, accessing any material contained on this website, registering, requesting a password, or by clicking a “submit” button or the like, I hereby acknowledge, agree and warrant, under penalty of law, that (1) I am an “accredited investor” as defined by Rule 501(a) of the Act; (2) I can provide the required documentation to establish my status as an accredited investor and (2) my typed name on the electronic registration form, if submitted, is my electronic signature and is the legally binding equivalent to my manual handwritten signature.