Section A.
THE COMPANY
WOPIA is organized as a limited liability company under the laws of the State of
Ohio, has been registered with the SEC as an investment adviser since June 2011, is
headquartered in Ohio, and is a subsidiary of WOP.
OWNERSHIP
WOPIA is wholly owned by White Oak Partners, LLC (“WOP”), an Ohio limited
liability company. Michael Menzer and the other key principals continue to be
owners and operators of WOP. Details of WOPIA’s ownership can be found on Form
ADV Part 1, Schedules A & B.
Since the last filing, there has been no material change in ownership percentages and
control, and management of WOP remains with Michael Menzer and other key
principals. Complete details of WOPIA’s ownership can be found on Form ADV
Part 1, Schedules A & B.
Section B.
TYPES OF ADVISORY SERVICES
WOPIA provides discretionary investment advisory services to U.S. private
investment funds (the “Funds”) pursuant to separate investment management
agreements. This investment advice focuses on real estate and real estate related
investments. The Funds are exempt from registration under the Investment
Company Act of 1940, as amended (the “Investment Company Act”) and could use
master feeder structures.
Section C.
OVERVIEW OF ADVISORY SERVICES
Regarding its investment advisory services, WOPIA specializes in real estate and real
estate related investments. The advisory services consist primarily of advising and
making investment decisions with respect to the acquisition, rehabilitation, asset
management, financing, and disposition of equity interest in multi-family residential
real estate and equity investments related to multi-family residential real estate. In
certain instances, WOPIA also provides investors
with access to unique
co-investment opportunities in its real estate projects through joint venture
arrangements.
Client portfolios are managed in accordance with each client’s stated investment
objectives and guidelines which, for the Funds, are set forth in their offering
documents. WOPIA takes into consideration such concepts as risk tolerance, time
horizon, preferable tax treatment, liquidity and cash flow needs, and other relevant
guidelines. WOPIA could recommend changes to a client's investment objective in an
attempt to take advantage of conditions in the current economic environment, while
being sensitive to transaction costs and taxes, as appropriate. Any changes to a
client’s investment objective are made in conjunction with such client’s operative
documents.
Business Continuity Plan
In order to prevent the disruption of our Firm’s advisory services during an
emergency, disaster or public health crisis we have adopted a business continuity
plan. That plan is reasonably designed to safeguard employees’ lives and firm
property, make a financial and operational assessment, and to continue or quickly
resume operations in order to allow our customers to transact business. The protocols
and capabilities within the plan include, but are not limited to, the following:
secure, remote access for all employees;
sufficient technical infrastructure and network capacity to support employees
working from home; and
redundancy capabilities within each of our business units.
Section D.
WRAP FEE PROGRAMS
WOPIA does not participate in wrap fee programs.
Section E.
ASSETS UNDER MANAGEMENT
As of December 31, 2023, WOPIA had approximately $2,165,200,000 in discretionary
assets under management.