Wellings Capital

Wellings Capital Management, LLC is an investment adviser registered with the SEC since 2018, specializing in private real estate investment funds and a business development company. The firm manages assets totaling $166.4 million across various funds and sidecar entities. Wellings provides investment advisory services by identifying real estate operators, conducting due diligence, and raising capital for investments. The firm emphasizes diversification, due diligence, and access to unique investment opportunities for its clients. Fees vary by fund, with management fees typically around 1.0% and performance fees distributed based on fund-specific terms. Wellings' investment strategy focuses on historically recession-resistant commercial real estate asset classes, emphasizing operator quality, asset suitability, and property performance. Clients are advised on potential risks, including market, asset class, interest rate, leverage, regulatory, operator, and management risks. The firm has a code of ethics, oversight by a board of trustees, and procedures for trade aggregation and allocation. Wellings has full discretion over client investments and does not vote on client securities. The firm does not have custody of client assets but conducts annual audits for funds over which it is deemed to have constructive custody. Wellings provides regular reports to clients and complies with SEC reporting requirements for its business development company.