A Real Estate Fund Designed to Pay Investors First
A Real Estate Fund
Designed to Pay
Investors First
Watch the short video to understand:
How the fund is structured
How distributions are generated
And who it’s designed for
WHO IS This FOR?
You're An
Accredited investor
You Want A Fund That
Pays Investors First
You Value
15% Preferred distributions
Paid Quarterly
You care about A
Successful Model &
operator track record
You Want A General
Partner That Has
Never Lost Investor
Capital In 23 Years.
You're An
Accredited investor
You Want A Fund That
Pays Investors First
You Value
15% Preferred distributions
Paid Quarterly
You care about A
Successful Model &
operator track record
You Want A General Partner That Has
Never Lost Investor Capital In 23 Years
why Has this fund never missed a distribution?
Most real estate funds advertise returns but rely on a single project refinancing or selling before investors are paid.
This fund is structured differently.
Investor distributions are paid quarterly as a 15% preferred return at the fund level, not based on the outcome of any single deal.
Capital is deployed across multiple land entitlement projects, and as projects progress and exit, cash flows back to the fund to support the quarterly distributions.
That portfolio-level structure allows for repeatable execution and supports the fund’s evergreen design.
Cody Bjugan
Founder & CSO
Allied Development
Track record and execution
23 years executing
Land entitlements
30+ Successful
Entitlement Projects
Quarterly distributions paid since Fund launch
Growing Demand From Builders For Entitled Lots
23 years executing
Land entitlements
30+ Successful
Entitlement Projects
Quarterly distributions paid since Fund launch
Growing Demand
From Builders For
Entitled Lots
What happens
after you click
“Book a Clarity Call”
Answer a few
Quick questions
(so we can prepare)
choose a time
On the calendar
We’ll walk you through the structure and
Discuss next steps
Answer a few
Quick questions
(so we can prepare)
choose a time
On the calendar
We’ll walk you through the structure and
Discuss next steps
Common questions
Q: Who is this for?
A: Accredited investors seeking consistent preferred returns paid quarterly.
Q: How can the fund pay a 15% preferred return quarterly?
A: Because investor returns are generated at the fund level across multiple entitlement projects, rather than relying on the success of a single deal.
Q: How has the fund been able to pay quarterly distributions while other funds had to stop theirs?
A: Many funds depend on refinances or asset sales to pay investors, while this fund is structured around shorter-cycle entitlement projects that generate portfolio-level cash flow without relying on any single deal.
Q: How does this model reduce risk compared to traditional real estate investments?
A: By avoiding construction, tenant operations, and long-term ownership, capital is exposed for shorter periods and focused on value-creating entitlement work rather than ongoing operational risk.
Q: What’s the minimum investment?
A: $100,000 (minimums may vary by offering).
Q: How long does the call take?
A: Typically 15–30 minutes.
Ⓒ 2026 Allied Development
Disclaimer : NOT AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY SECURITIES; PAST PERFORMANCE IS NOT INDICATIVE OF, OR A GUARANTEE OF, FUTURE RESULTS.
It should be noted that the video and descriptions above do not represent financial or investment advice and we highly encourage you to seek the advice of your CPA and Financial Advisor prior to making this investment decision as to whether this is suitable and appropriate for you. Additionally, all forecasts and financial projections presented are not fact and historical results are not necessarily indicative of future results as well as the projections contain certain assumptions about the economy and this industry.
The Material In Our Web Site Does Not Constitute An Offer To Sell, Nor A Solicitation Of An Offer To Buy Any Securities Issued By Us And Described Herein. Such An Offering Is Made Only By Means Of A Private Placement Memorandum Or Similar Offering Documents (A “PPM”) Which Must Be Read By You In Order To Understand Fully All The Implications And Risks Of Any Nonpublic Offering Of Securities To Which Our PPM Relates. A PPM Must Be Made Available To You In Connection With And Prior To An Offering. Neither The U.S. Securities And Exchange Commission Nor Any State Securities Regulator Has Approved Or Disapproved Of These Securities Or Determined Whether Our PPM Is Truthful Or Complete. Any Representation To The Contrary Is A Criminal Offense.
Investing Involves A High Degree Of Risk And There Is No Assurance That The Investment Objectives Described In Our PPM Will Be Met. Refer To Our PPM For Federal And State Criteria For Investor Qualification And Suitability Standards. Alternative Investments, Especially In Non Registered, Private Real Estate Funds, Typically Are Speculative, Carry Substantial Risk Of Loss, And Are Illiquid.
Distributions, including any stated preferred return, are not guaranteed and depend on fund performance, available cash flow, and other factors described in the PPM. Any preferred return represents a contractual priority of payment, not a promise or assurance of actual returns or investment results.
Investing In Private Real Estate Offerings Is Not Suitable For All Persons And Involves Special Risks Including, Without Limitation, Illiquidity And Limitations On The Redemption Of Securities; Demand For Real Property; Changes In Supply And Demand For Real Property; Changes In Law; Tenant Turnover Or Defaults; Loss Of Investment; Competition; Casualty Losses; Use Of Leverage; And Fluctuation Of Real Estate Values Based On Economic, Environmental And Other Factors.