GOLDENROD CAPITAL ADVISORS, LLC other names

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Adviser Profile

Registration status: Terminated

As of Date:

12/13/2023

Adviser Type:

- Large advisory firm


Number of Employees:

8 33.33%

of those in investment advisory functions:

1

AUM:

422,714,678 16.21%

of that, discretionary:

422,714,678 16.21%

Private Fund GAV:

0 -100.00%

Avg Account Size:

140,904,893 16.21%


SMA’s:

NO

Private Funds:

0 3

Contact Info

402 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
423M 362M 302M 242M 181M 121M 60M
2018 2019 2020 2021 2022 2023

Recent News

Private Funds



Employees




Brochure Summary

Overview

Formed in March 2017, Goldenrod Capital Advisors, LLC is an investment adviser registered with the United States Securities and Exchange Commission (SEC) and is a limited liability company (LLC) formed under the laws of the State of Nebraska headquartered in Omaha, Nebraska. We filed our initial application to become registered as an investment adviser in August 2018. We currently serve as investment adviser to private real estate funds, Goldenrod Capital Partners, LP, Goldenrod Capital Partners II, LP and Goldenrod Capital Partners III, LP, which own and invest in diversified portfolios of commercial real estate assets, comprised primarily of well-located, income- producing properties such as office (office buildings, university buildings, research park/lab buildings, and government/military buildings), mixed use/multi-family (student housing, single-tenant buildings, multi- family apartments, hospitality, specialty/medical/industrial projects, or debt securities underlying such projects. Goldenrod Companies, LLC is the 100% owner of Goldenrod Ventures, LLC which is the 100% owner of Goldenrod Capital Advisors, LLC. Zachary Wiegert is our Managing Member and Managing Principal. He is also the controlling owner and Managing Principal of Goldenrod Companies, LLC. Goldenrod Companies, LLC is a holding company maintaining ownership and control of the different Goldenrod legal entities. Goldenrod Companies, LLC is owned 1% by the Zachary A. Wiegert Revocable Trust, 99% by the Wiegert Family Trust (fka Amy J. Wiegert 2018 Irrevocable Trust). Co-Trustees of the Wiegert Family Trust are Terry Connealy and Zachary Wiegert. Goldenrod Ventures, LLC has been formed to hold member unit interest in businesses that are not real estate investments. Businesses held by Goldenrod Ventures, LLC related to real estate activity is Goldenrod Capital Advisors, LLC, which is the fund management services entity and the general partnership interest (Goldenrod GP I, LLC, Goldenrod GP II, LLC and Goldenrod GP III, LLC) in funds started by the Managing Principal. Other businesses under Goldenrod Ventures, LLC are minority investments in operating type entities not related to real estate activities. Description of Advisory Services Goldenrod Capital Advisors is a real estate investment management firm specializing in income- producing commercial real estate assets at strategic locations and to manage properties to minimize risk and maximize current income, creating long-term value for investors. The firm is registered as an investment adviser solely because it serves as investment adviser to real estate private investment funds (referred to as “real estate funds”). We have a related company that serves as general partner and is the sponsor of the real estate funds thus responsible for raising capital from third-party investors for the funds. Current related company sponsor includes Goldenrod GP I, LLC, Goldenrod GP II, LLC and Goldenrod GP III, LLC. Therefore, Goldenrod Capital Advisors is not independent of the real estate funds we manage. See also Item 10 – Other Industry Activities and Affiliations, Item 11 – Participation in Client Transactions and Personal Trading and Item 16 – Custody of this Disclosure Brochure for more information. The offer and sale of interests in the real estate funds managed are exempt from registration under the Securities Act of 1933 and similar state laws. Further, the real estate funds are also exempt from registration
as an investment company under the Investment Company Act of 1940. Goldenrod Capital Advisors, LLC Page 5 Form ADV Part 2A: Firm Brochure Investors in the funds managed by Goldenrod Capital Advisors are required to execute a subscription agreement to subscribe for interests in the fund(s) and will receive a Private Placement Memorandum, if applicable. Overview Our services can best be described as managing private real estate funds. We primarily invest directly in real estate property but can also invest indirectly through loans secured by real estate. Our objective is to make opportunistic investments in attractive properties. In addition to seeking opportunities to add value by providing liquidity to selling financial institutions or other real estate sellers, we attempt to add value through property enhancements, improvements in operations, marketing and property positioning. We identify and screen potential properties for investment purposes, conduct due diligence on such investment opportunities, determine specific properties, and monitor the performance of our investments on an on-going basis. We endeavor to do the following:
• Develop a general investment strategy based on each real estate fund’s objectives
• Screen potential investment properties for the funds
• Conduct due diligence on potential investment properties for the funds
• Evaluate and complete investment documents necessary to invest directly in selected real estate property
• Advise each fund regarding the investments on a forward-looking basis
• Monitor investments and consult with individual fund investors periodically regarding all holdings
• Deliver periodic (quarterly and annual) updates to the fund investors regarding the status of investments held in the funds As investment adviser, Goldenrod Capital Advisors has sole and complete responsibility for managing investment portfolios pursuant to the investment objectives and investment policies of each real estate fund and will have discretionary authority for establishing and implementing each fund’s investment objectives and policies. See Item 15 – Investment Discretion for more information. Types of Investments Goldenrod Capital Advisors exclusively provides advice on and manages private real estate investment funds. Subsequently, our services are limited to analysis, selection and monitoring of real estate loans and properties. Tailor Advisory Services to Individual Needs of Clients We do not currently have individual, natural-person clients or institutional, company-clients. We serve as the investment adviser to affiliated real estate funds and have no other clients. All management and investment decisions regarding our real estate funds are based on the individual fund’s objectives, strategies and policies. We are responsible for all major investment decisions including, without limitation, amending or changing an individual real estate fund’s investment objective; determining investment strategies; and establishing and implementing investment policies or limitations. Assets Managed by Goldenrod Capital Advisors As of December 31, 2022, we manage $422,714,678 in client assets. All assets are managed on a discretionary basis. See Item 15 – Investment Discretion for more information. Goldenrod Capital Advisors, LLC Page 6 Form ADV Part 2A: Firm Brochure