Frequently Asked Questions
Earth and Sky has an indefinite conditional use zoning permit from the city that cannot be taken away. It has been fully approved by the city.
Unique Vacation Rentals like this property are thriving. They are doing incredible compared to some properties that are just normal looking units or houses.
Click the Invest Now Button and fill out our small questionnaire. We will reach out to answer any questions and schedule a call.
Once you get complete the required fields you will gain access to the investment opportunity.
The minimum investment is $100,000
We will take on investors until we fund this investment opportunity. We are in the process of planning our future micro resorts. If we have fully funded this deal, you can go ahead and create a free investor account here to be added to our waitlist.
The current offering, Earth and Sky is structed with an 8% preferred return going to the investors based off capital that is invested with a 50/50 split after the preferred return is paid.
Generally, no. However, interest can be transferred by gift or inheritance, usually to family members, by will or other official document. Because there is not an open market for this investment, it is an illiquid asset.
Open Atlas expects to invest in unique micro resort properties.
A preferred return is a profit distribution preference whereby profits, either from operations, sale, or refinance, are distributed to one class of equity before another until a certain rate of return on the initial investment is reached. The pref. is stated as a percentage, such as an 8% cumulative return on initial investment;
We payout distributions quarterly.
Our investments are open to approved, accredited investors. Since our offerings fall under Rule 506(c) of Regulation D, investors will be required to verify their accredited status through a third party such as a CPA, financial advisor, attorney, or a service like www.parallelmarkets.com. We cover the cost of the accreditation verification for investors through our portal.
Accredited Investors are individual investors who either have a net worth of at least $1,000,000, excluding the value of one’s primary residence, or have earned income over each of the last two years of at least $200,000 and have the expectation to make the same amount in the current calendar year. If you don’t qualify under that standard, you can choose to combine your income with your spouse and the new threshold for qualification would be $300,000.
In addition, entities such as LLCs, partnerships, corporations, nonprofits and trusts may be accredited investors. Of the entities that would be considered accredited investors and depending on your circumstances, the following may be relevant to you:
- any trust, with total assets in excess of $5 million, not formed to specifically purchase the subject securities, whose purchase is directed by a sophisticated person, or
- any entity in which all of the equity owners are accredited investors.
We do intend to use debt in most of our projects depending on the market. It is anticipated that bank or seller financing will generally account for between approximately fifty percent (50%) and seventy percent (70%) of the gross fair market value of each property.
Through Earth and Sky, Open Atlas is only compensated when the property cash flows after the preferred return is paid to our investors.