Reader,

Last Friday, we hosted our first webinar on a single asset preferred equity sidecar investment.

If you joined the webinar, you heard me say this at the 28-minute mark:

“Nobody likes time pressure. You probably don’t like it. I don’t like it. But this deal has time pressure."

Currently, the sidecar is approximately 79% subscribed, with about $750,000 remaining.

We were surprised that 337 of you registered for the webinar, given the 23-hour notice we provided on Thursday.

But in another sense, we weren’t surprised.

Since we first introduced preferred equity investments through the Wellings Real Estate Income Fund (the "Fund") last year, current and prospective investors have been asking for an opportunity to invest in one of these deals outside of the Fund.

These investors are looking for:

• Increased safety because of the capital stack position and terms
• 3-5 year hold time
• One state K-1
• One property and one asset type
• Slightly higher year one cash flow (compared to the Fund)

Many investors we’ve spoken to since Friday share our conviction that now is a rare opportunity to secure higher-than-usual returns with a safer-than-usual investment.*

Next Steps If You Want to Learn More

You can watch the recording of our 30-minute webinar (plus a 30-minute Q&A) here: https://www.wellingscapital.com/maryland-multifamily-sidecar-april-2024​

During the webinar, we reviewed:

• Why preferred equity?
• Why a sidecar?
• Background on the operator
• Background on the property
• The structure of the preferred equity deal
• Sidecar terms and projected returns

As a reminder, you must sign the subscription agreement to secure your position for this opportunity.

You can start that process by clicking the Invest Now button here: https://wellingscapital.investnext.com/portal/offerings/5834/​

If you haven't created an account yet, you can do so using the link above. It should take about 3-5 minutes or less.

Thanks again to those of you who have committed to this opportunity. We will notify you when it is time to fund next week.

Best,

Paul Moore

Managing Partner | Wellings Capital | www.wellingscapital.com​

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P.S. Some have asked about the cumulative preferred return difference for WREIF, non-WREIF, and/or larger investors. See below.

Helpful Links

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​Self-Directed IRA and 401(k) Custodian Recommendations​​​

​Paul's Books on Self-Storage and Multifamily​

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* DISCLAIMER: Past performance is no guarantee of future results. There is no guarantee that any projected results will be achieved. Investors should consider the investment objectives, risks, charges, and expenses of the Wellings MWG Sidecar I, LLC (the "Sidecar") before investing. For a Private Placement Memorandum (“PPM”) with this and other information about the Sidecar, please call 800-844-2188 or email invest@wellingscapital.com. Please read the PPM carefully before investing.

The information contained in this email communication is for information purposes, does not constitute a recommendation, and should not be regarded as an offer to sell or a solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be in violation of any local laws. All investing involves the risk of loss, including a loss of principal. We do not provide tax, accounting, or legal advice, and all investors are advised to consult with their tax, accounting, or legal advisers before investing. Information and any opinions contained in this email communication have been obtained from sources that we consider reliable, but we do not represent that such information and opinions are accurate or complete and thus should not be relied upon as such.