Freestone Real Estate

Important Risk and Disclosure Information

As of 6/30/2025. Net asset value (“NAV”) represents the fair value of the Fund’s assets minus its liabilities, determined in accordance with the Fund’s valuation policy. Because most real estate assets are valued using appraisals or other estimates rather than actual sale prices, these values involve significant judgment and may differ materially from the amounts ultimately realized. Any inaccuracies in the assumptions underlying NAV may cause reported returns to differ from actual results. NAV generally is reported for the fund in aggregate, which includes affiliate capital as well as General Partner accrued and unpaid incentive allocations, if any.

Not an Offer or Solicitation

The information on this website is for informational and educational purposes only. No regulator has reviewed or approved this material or the merits of investing in any strategy or investment discussed. This information does not constitute an offer to sell, or a solicitation of an offer to buy, any security or investment product.  Offers and sales of interests in the Freestone Real Estate Fund (“FRE” or the “Fund”) are made only by delivery of the Fund’s confidential private placement memorandum, limited partnership agreement and related subscription documents (together, the “Fund Documents”).  All information on this website is qualified by and subject to the terms in the Fund Documents, and no Freestone employee or other person is authorized to make any representation or statement regarding the Fund that is inconsistent with the Fund Documents.

For Sophisticated Investors 

This information is directed only for use by Accredited Investors and Qualified Clients, as defined under U.S. securities laws, who are considered sophisticated investors. It is not intended for the general public. This information is a general illustration of an approach to real estate investing. It does not consider the particular investment objective or financial circumstances of any particular investor. Investors must be willing and able to evaluate an investment in the Fund for themselves and to review and understand the Fund Documents. Past performance is not indicative of future results. 

Fund Access and Liquidity

Interests in the Fund are not publicly traded and are subject to significant restrictions on transfer and withdrawal. The Fund is not appropriate for investors who need liquidity. Investors should be prepared to hold their investment for an extended period and must read the Fund Documents for specific terms governing liquidity of an investment in the Fund. The Fund does not provide daily pricing or valuation information.  

Educational Purpose Only – Not Advice

Nothing on this site should be relied upon as accounting, legal, tax, or investment advice. The examples and information presented are for illustration only and are not personalized recommendations. You should consult your professional advisors before making any investment decision.

Investment Case Studies and Examples

Investment case studies are provided only for educational purposes to illustrate the Fund’s approach to real estate investing.  These case studies were chosen based on objective criteria such as property type, and not performance.  Results from these or other investments may not be representative or achievable in the future. Past performance is not indicative of future results. Please contact Freestone if you have would like additional information about these case studies.

Forward-Looking Statements  

Any opinions and commentary regarding events that might occur in the future are forward-looking in nature. These statements involve risks and uncertainties, and should not be relied upon as predictions of future events. Actual results may differ materially.  

Summary of Risk Factors

Investing in private real-estate funds involves substantial risks, and you should carefully read the Fund Documents for a description of risks and conflicts of interest associated with the Fund. Here is a summary of key risks:

• Loss of Capital: You could lose some or all of your investment. Investors have very limited voting rights and no right to participate in the management of the Fund.
• Illiquidity: Interests in the Fund are highly illiquid. Investors may not withdraw capital for at least five years, and the amount of withdrawals are subject to strict limits. Investors may not sell or transfer their interests without the Fund’s consent.
• Fees and Expenses: The Fund’s fees and expenses, including incentive fees that are based upon a percentage of the realized and unrealized gains, may offset all or a significant portion of profits. An investor’s net returns may differ significantly from investment returns as a result of such fees and expenses.
• No Limits on Investments: The Fund is not subject to any fixed limits on concentration by industry, company, geographic region, asset type, degree of leverage, liquidity, or any other risks. The Fund is permitted to pursue many different investment strategies, including strategies not previously pursued or described to investors. There can be no assurance that the Fund’s investment or other objectives will be achieved. The Fund is not required to hedge any risk and may take risk on a completely unhedged basis.
• Leverage: Borrowing by the Fund increases both potential gains and potential losses. Borrowing may increase the volatility of the Fund’s performance and the risk of loss of all capital.
• Real Estate Risks: Investments in real estate are subject to numerous market and economic risks, including changes in interest rates, credit conditions, inflation and overall economic growth. Property values and rental income may fluctuate due to shifts in tenant demand or local market conditions, as well as taxes and casualty events including natural or manmade disasters. Real estate projects involving development or renovation face additional risks related to construction delays, cost overruns, and the availability of permits or financing. Moreover, changes in zoning laws, environmental regulations, and tax policies may adversely affect property operations and investment returns.
• Valuation Uncertainty: Real estate investments are highly illiquid. Valuations are typically based on appraisals and may not reflect actual sale prices.
• Regulation: As a privately offered fund, the Fund is subject to less regulation than other pooled investment vehicles, such as mutual funds.
• Conflicts of Interest: The Fund’s manager and its affiliates may have incentives that differ from those of investors. For example, performance-based fees may create an incentive to make riskier or more speculative investments.
• Tax Considerations: Investments involve complex tax structures, may involve tax inefficient investing, and there may be delays in distributing important tax information. Consult your own tax advisor.

Past Performance and Future Results

Past performance is not a guarantee of future results.  There is no assurance that any investment objective of the Fund will be achieved.

Review of Fund Documents

Before investing, carefully review the Fund Documents, which describe in detail all terms, fees, and risk factors.  In the event of any inconsistency, the Fund Documents control.