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Bequest Asset Management Details
Assets Under Management$94M
Number of Deals Exited5
AAR11.00%
4.43
Bequest Asset Management Website
Bequest Asset Management Overview
Bequest Asset Management is a Registered Investment Adviser (RIA) under the Investment Advisers Act of 1940. As a fiduciary, we are unwavering in our commitment to placing our clients’ best interests first. Our team of 20 seasoned professionals actively manages a diverse portfolio of income-generating assets across the United States. Bequest’s investment strategy focuses on identifying and enhancing value-add opportunities that produce consistent & predictable returns. Our current holdings include performing, owner-occupied residential mortgage notes in suburban markets, 72,000 square feet of commercial and medical real estate, and a range of cash-flowing energy assets nationwide. A key differentiator of our firm is our ownership model: our managing partners have invested substantial personal capital alongside our clients, ensuring alignment and reinforcing our dedication to long-term success.
Address
1255 North Gulfstream Ave Suite 101
Sarasota,
Florida
34236
Year Founded
2019
Operates In
All US States
Asset Classes
Mortgage Notes
Data Center
Debt
Healthcare
Medical Office
Accepted Investors
Accredited
Non-Accredited
Institutional
Family Office
Verified Investor
1.00
"Forget All Those Previous Reviews"
All those previous 5 star reviews - forget them. Bequest recently announced that they have suspended all distributions. For at least a year they have been taking incoming capital and using it fund distributions. Management claims that they were unaware. Regardless if they were aware, this is management incompetence. On top of their poor management they are continuing to take their asset management fee and are charging all legal, accounting and valuation expenses against the fund. As long as they stayed in their lane, I had previously though pretty highly of the management team, however it is pretty clear that they are a poor management and with questionable ethics. They are making the investors eat the costs of their incompetence.
Bequest Asset Management
We understand that recent developments have raised questions, and we take those concerns seriously. We welcome the opportunity to provide clarification. Bequest has never had a policy or intentional practice of using incoming investor capital to fund distributions. Distribution decisions were made based on the fund’s reported liquidity position and analysis conducted in coordination with the fund’s independent administrator. The matter currently under review was identified internally by our team as part of our ongoing oversight processes. Consistent with our commitment to transparency and responsible governance, we voluntarily disclosed the issue to regulators and engaged independent third-party professionals to conduct both a forensic accounting review and an independent valuation analysis. As part of this process, distributions within Bequest Income Fund I, LLC and Bequest Legacy Fund I, LLC have been temporarily suspended and are being accrued while the reviews are completed. This step was taken proactively to ensure the accuracy of reporting and to strengthen oversight as the review proceeds. This review relates specifically to these Reg D funds and does not involve the firm’s separate Regulation A bond offering, which operates under a different structure or other offerings. The independent review is currently underway and is expected to conclude in the coming months. We will continue to provide updates to investors as additional information becomes available. During this period, the funds’ underlying assets continue to be actively managed, and fund operations continue in accordance with the governing documents. We recognize that this is a serious matter and remain focused on transparency, disciplined execution, and clear communication with our investors as the review progresses. Investors with questions are encouraged to contact our investor relations team directly at shawn@bqfunds.com or 941-957-9979 ext. 302.
Bob S.
5.00
"BEQUEST IS THE BEST"
I tried to invest with the rest, but bequest is the best. This is a solid investment fund run by professional, experienced, good people with integrity and values.
Verified Investor
5.00
"A Trusted Investment Partner"
I’ve had a great experience working with Bequest Asset Management. The team is knowledgeable and responsive, and their communication has been clear and consistent throughout. They’ve proven to be reliable partners, always following through on what they promise. I appreciate their professionalism and the way they’ve built trust through both the quality of their work and the way they engage with clients. Highly recommend them for anyone seeking a dependable investment partner.
Thomas S.
5.00
"Good Fund Better People"
It's been a pleasure getting to know the BeQuest team over the past few years. The entire staff is friendly and genuinely wants you to succeed. They were very helpful during the onboarding process and I look forward to continue being a part of the BeQuest family.