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Syndication updates
February 11, 2026 - Little Lane, LLC 2025 Q4 Update
Dear Member,
2025 tested the residential real estate market nationwide, but this project held its ground. Our Q4 update breaks down the numbers, the milestones, and the momentum building as we turn the corner into 2026.
Below is the Q4 2025 Little Lane LLC project update and escrow reports. These cover our progress, financials, and the timeline for your next distribution.
Thank you for your continued partnership in this investment.
November 19, 2025 - Little Lane, LLC 2025 Q3 Update
While the broader housing market continues to face headwinds with traffic and sales down over the past six months, the project is making steady progress with Phase III development underway and strong sales conversion from our team.
Below is the Q3 2025 Little Lane LLC project update and escrow reports. The report includes important updates on construction status, market conditions, financials, and a change to the next capital distribution timeline.
August 4, 2025 - Little Lane LLC - 2025 Q2 Project Update
We're pleased to share another distribution of capital was processed to Little Lane LLC investors in the amount of $5,000 per share, a total of 39% investor capital processed on June 15, 2025. Your share should have already been received.
As the project continues, efforts remain focused on achieving long-term value.
Please find the attached full investor 2025 Q2 Project Update and Escrow Report for review.
Q2 2025 Financial Statements are available upon request.
Current Projects to Invest - RWD MULTIFAMILY FUND, LLC Find out more/join the waitlist - https://realwealth.com/syndication-status/open-offerings/
Past Projects/Updates - https://realwealth.com/ (Login/choose My Syndications)
Questions - Syndications@realwealth.com
April 30, 2025 - Little Lane LLC Project Update
It is our pleasure to share the latest progress with you on Little Lane LLC. We’re pleased to reaffirm our commitment to investors with Fred's announcement of the next investor distribution scheduled for June 2025!
Please find attached the comprehensive 2025 Q1 Project Update and Escrow Report for review.
Q1 2025 Financial Statements available upon request.
CURRENT PROJECTS TO INVEST: Only 7 Spots left for SAN ANTONIO WILD PINE
PAST PROJECTS/UPDATES: https://realwealth.com/ (Login and choose My Account - My Syndications)
QUESTIONS - Syndications@realwealth.com
January 22, 2025 - Little Lane LLC Project Update
We’re happy to share with you the latest progress on Little Lane LLC. Attached is the Full 2024 Q4 Project Update and Escrow Report for your review.
The Q4 2024 Financial Statements are available upon request.
ATTENTION - IRA INVESTORS
If you have an invested through an IRA, the company name and distribution address may have changed. If this has taken place, we need you to notify us by email immediately at Syndications@realwealth.com with the updated information, specifying the name of the active projects your IRA is invested in.
October 21, 2024 - Little Lane LLC Project Update
We’re excited to share with you the latest progress on Little Lane LLC.
Attached is the Full Project Update and Escrow Report for your review, along with some fresh photos showcasing the progress on-site.
The Q3 2024 Financial Statements are available upon request.
PAST PROJECTS/UPDATES - https://developments.realwealth.com
CURRENT PROJECTS TO INVEST - https://realwealth.com/syndications/
QUESTIONS - Syndications@realwealth.com
July 24, 2024 - Little Lane LLC Project Update
Below is your Little Lane LLC project update for 2024 Q2.
Attached is the Escrow Report for your review.
The Q2 2024 Financial Statements are available upon request. 2024
May 2, 2024 - Little Lane LLC Project Update
Below is your Little Lane LLC project update for 2024 Q1.
Attached is the Escrow Report for your review.
The Q1 2024 Financial Statements are available upon request.
2024 Q1 Little Lane Update 2024
PAST PROJECTS - https://developments.realwealth.com
Questions - Syndications@realwealth.com
CURRENT PROJECTS: https://growdevelopments.com/
Questions - Syndications@growdevelopments.com
February 13, 2024 - Little Lane LLC Project Update
Below is your Little Lane LLC project update for 2023 Q4. Attached is also the Escrow Report for your review.
The Q4 2023 Financial Statements are available upon request.
We'll be hosting an Investor Q&A webinar on Feb 28, 2024 at 5PM PST with Fred Bates to discuss the information in this report related to the slower than anticipated sales, recent efforts by the developer and expectations for the future.
Please register at the link below. After registering, you will receive a confirmation email containing information about joining the webinar.
PROJECT PORTALS:
PAST PROJECTS: Please login to https://developments.realwealth.com to review past updates on this project as well as others you are invested in. Provide past project questions to Syndications@realwealth.com
CURRENT PROJECTS: Please login to https://growdevelopments.com/ to review our current projects. Provide questions on these current projects to Syndications@growdevelopments.com
October 19, 2023 - Little Lane Project Update
Below is your project update for Little Lane LLC - 2023 Q3. The July distribution mentioned in this update refers to the July 2022 Little Lane distribution. There was no July 2023 distribution.
Attached is also the Escrow Report for your review.
The Q3 2023 Financial Statements are available upon request.
October 2023 Little Lane Update
Please login to https://developments.realwealth.com to review past updates on this project as well as others you are invested in.
Please continually let us know if you have an address change or any questions by emailing them to Syndications@realwealth.com
August 3, 2023 - Little Lane LLC Project Update
Below is your project update for Little Lane LLC - 2023 Q2.
Attached is also the Escrow Report for your review.
The Q2 2023 Financial Statements are available upon request.
Please login to https://developments.realwealth.com to review past updates on this project as well as others you are invested in.
Please continually let us know if you have an address change or any questions by emailing them to Syndications@realwealth.com
April 20, 2023 - Little Lane LLC Project Update
Below is your project update for Little Lane LLC - 2023 Q1. Attached is also the Escrow Report for your review.
The Q1 2023 Financial Statements are available upon request.
Please login to https://developments.realwealth.com to review past updates on this project as well as others you are invested in.
Please continually let us know if you have an address change or any questions by emailing them to Syndications@realwealth.com
January 25, 2023 - Little Lane LLC Project Update
Below is your project update for Little Lane LLC - 2022 Q4.
Attached is also the Escrow Report for your review.
The Q4 2022 Financial Statements are available upon request.
January 2023 Little Lane Update
Please login to https://developments.realwealth.com to review past updates on this project as well as others you are invested in.
Please continually let us know if you have an address change or any questions by emailing them to Syndications@realwealth.com.
November 7, 2022 - Corrected Little Lane LLC Project Update
We apologize for the link errors in the prior email. They have been corrected.
Below is your project update for Little Lane LLC. Attached is also an Escrow Report for your review.
The Q3 2022 Financial Statements are available upon request.
October 2022 Little Lane Update
You can login to the RealWealth investor portal to see this and any past updates on this project.
If you have any questions or address changes, please email them to Syndications@realwealth.com.
July 26, 2022 Little Lane LLC - Project Update
Below is your project update for Little Lane LLC. Attached is also an Escrow Report for your review.
The first distribution on this project will be made this month. Please let us know immediately if you have a change of address so we can notify the administrator of this project before checks are issued.
The Q2 2022 Financial Statements are available upon request.
If you have any questions, please email them to Syndications@realwealth.com.
May 8th, 2022 - Little Lane LLC - Project Update
Below is your project update for Little Lane LLC. Attached is also an Escrow Report for your review. The 1Q 2022 financial statements are available upon request.
If you have any questions, please email them to Syndications@realwealth.com.
March 11, 2022 - Little Lane LLC - Updated Projections
We have received updated projections on the Little Lane project from Fred Bates. As Fred pointed out in recent investor reports, the project is moving forward but pandemic-related issues continue to slow down the development. Originally the project was expected to be completed in the fall of 2021. The projections which were prepared using 2021 data, show capital being returned within 4 years or mid 2023. However, construction has continued to be challenging with ever increasing costs and difficulty getting labor and supplies. Based on the updated projections, overall projected revenue is up, and so are expenses. As you will see from the report, the overall profit has gone down slightly from what was originally projected. Remember that proceeds are distributed first to equity investors in an amount of 100% of invested capital, next to the accrued preferred return and thereafter 25% to investors, 10% to RW, 10% to the Builder and 55% to Bates as Manager. We noticed that there has been an increase in builder fees from the originally projected 2 % to 3 %. We asked for an explanation, and Fred explained that builder costs have increased mainly because they had to increase staff to address pandemic related challenges. For example, their contractors now refuse to buy materials due to the uncertainty of the price. As a result, the builder had to hire more employees to track inventory, purchasing and bookkeeping. Please remember that neither RealWealth nor Grow Developments is the manager on this entity. Although we do review the projections as we share in the profit participation, we are not in control of the project and cannot give tax, legal or financial advice. Little Lane Investor Proforma If you have any questions, please email them to Syndications@realwealth.com.
February 2, 2022 - Little Lane, LLC Project Update
Below is your project update for Little Lane LLC.
You can view current photos of the Little Lane homes with floor plans, elevations and a map at: https://littlelanecarson.com.
If you have any questions, please email them to Syndications@RealWealth.com.
December 10, 2021 - Changing Title in a Syndication
Taking title in a syndication is similar to taking title on a property. It's a legal agreement, and making changes is not that simple.
When deciding to invest in a syndication, it's important to speak with a CPA and/or attorney first to make sure that you are investing in the right entity with the right titling.
With that said, we understand that changes can happen between the time that title is taken and when the syndication wraps up. There are marriages, divorces, and deaths.
We want you to be aware that most changes in title are known as "Transfers to your investment." Each operating agreement may have different guidance on how transfers are done, and if they are even allowed. This would be listed under the "Restrictions of Transfers of Membership Interests" section of the operating agreement.
In most cases, the manager of the project gives final approval of a transfer, per the guidance of the operating agreement. Before making any changes with your IRA custodian or partner, make sure you get authorization from the project manager first. These transfers can be complicated and can incur substantial service fees for making the change.
Fred Bates is the manager of any Bates Homes projects as well as manager with Tom deRegt for PEI-Cannon Ranch 1B, LLC (Commercial) and therefore, he will need to approve any transfers or changes. It is out of RealWealth's jurisdiction.
If you have any questions about this, feel free to reach out to me at Syndications@realwealth.com.
November 9th, 2021 - Little Lane, LLC Project Update
Below is your project update for Little Lane, LLC.
Little Lane Q3 Update
The Grand Opening for Little Lane started on November 1st and will run into the following week.
Here is the most recent Escrow Report for your review.
Little Lane Escrow Tracking Report
We have received the 3rd Quarter Financial Statements. Please let us know if you are interested in receiving them by contacting us at Syndications@realwealth.com.
We have requested Fred provide us with the updated projections including his best estimates of costs and timelines even though there's difficulty with current supplies and costs. Fred has stated he will have something to share with investors by the end of the year.
We received these photos from a Little Lane investor who lives in south Reno and was in Carson City for the day. We hope to have more photos to share with you after the grand opening.
If you have any questions, please email them to Syndications@realwealth.com.
August 10, 2021 - Little Lane LLC & Quest Reno LLC Interim Project Update
July 26th, 2021 - Little Lane, LLC Project Update
Below is your project update for Little Lane LLC.
The 2nd quarter unaudited financials have been received and are available upon request.
Let us know if you're interested. Little Lane Investor Update
If you have any questions, please email them to Syndications@RealWealth.com.
April 30, 2021 - Little Lane LLC Project Update
Below is your project update for Little Lane LLC.
The 1st quarter Financial Statements are available. Please let us know if you would like to receive them.
If you have any questions, please email them to Syndications@RealWealth.com
March 24, 2021 - Minor Correction: Little Lane Financial Analysis and Pro Forma
We noticed there was a 2nd tab attached to the spreadsheet we sent you Tuesday. Please note, that 2nd tab was old calculations for a different project.
Below is a pdf version of the same Little Lane financial analysis (Tab 1 from Tuesday's email) without the errant second tab. We have also included an updated pro forma showing current projected returns.
We apologize for any confusion this may have caused. And as usual, let us know if you have any questions.
March 23, 2021 - Little Lane Financial Analysis and Pro Forma
As promised Fred has provided the attached updated analysis which provides the most current projections of anticipated profits for the development.
Updated Little Lane Financials
As mentioned in our last correspondence we also asked the manager, Fred Bates, to provide further financial information. We have received and reviewed the 2020 financial statements, and have reached out to Fred for some clarifications on a few items.
We did see that these financial statements (accrual basis) do not reflect any outstanding intercompany loans as of 12/31/20. However, we want to point out that these are not audited financials and we are not CPAs, so we are taking these statements on face value.
If you would like a copy of the financial statements please send an email to Syndications@realwealthnetwork.com.
February 12, 2021 - Little Lane, LLC Project Update
Below is your Q4 project update for Little Lane, LLC.
We are currently undertaking a review of various financial matters related to this project, including specific financial matters discussed in the report, and we have also requested that Fred provide an updated proforma that reflects the current anticipated returns. Once received and reviewed by us, we will forward the information to you.
Please be advised that we cannot assure the accuracy of all the information in the attached report as we have relied on information only available to the manager.
If you have any questions, please email them to Syndications@realwealthnetwork.com.
August 3, 2020 - Little Lane LLC Project Update
Below is your project update for Little Lane LLC.
Please note:
RealWealth Developments, LLC address is:
RealWealth Developments, LLC
548 Market Street #56104
San Francisco, CA 94104-5401
If you have any questions, please email them to Syndications@realwealthnetwork.com.
April 17, 2020 - Little Lane, LLC - Final Operating Agreement
For your records we are attaching the final signed version of the Operating Agreement for Little Lane, LLC. This is the same agreement that was available for review on the Little Lane webpage. It has recently come to our attention that a few investors may have had a prior draft of this document attached to their docusign folder. In an abundance of caution, we wanted to make sure all investors have a copy of the correct Operating Agreement.
There were no changes to investor terms in any of these documents; the investor terms are exactly as presented in the PPM and webinars, and on the webpage. The difference in documentation pertains to the Real Wealth Network entity that participated in the transaction. The correct entity is Network Capital LLC. (Also, since your investment, that entity changed its name to RealWealth Developments LLC. You will receive a separate notice of this change.) Katherine Fettke is the manager of RealWealth Developments LLC.
If you have any question, please email them to Syndications@realwealthnetwork.com.
April 13, 2020 - Little Lane LLC Project Update
Below is your project update for Little Lane LLC.
Little Lane Update
Little Lane Conceptual Drawing
Little Lane Construction Drawings
If you have any question, please email them to Syndications@realwealthnetwork.com.
February 4, 2020 - Little Lane LLC Project Update
Below is your project update for Little Lane LLC.
If you have any question, please email them to Syndications@realwealthnetwork.com.
September 23, 2019 - 12% as Debt or 15% as Equity?
Due to high investor demand, we have decided to offer a 12% private loan option for RealWealth members looking to invest in our Carson City home development syndication.
Equity investors are earning a 15% preferred return plus backend profit once the homes are built and sold (3-5 year time frame).
Debt investors will earn 12% interest income and would be at the top of the capital stack, paid back prior to the equity investors. They do not participate in the back end profit, but are generally able to avoid UBIT taxes if they invest with their self directed IRA's. (Please verify this with your CPA!)
Both are great options, depending on your source of funds and your personal financial goals.
To answer your questions, we hosted this webinar.
AND, we have more good news on the project: the Carson City Planning Commission has already approved this subdivision. In fact, they are actually pushing us to get it done in order to meet the desperate need for housing in the area.
There is still room in this project but it is selling out quickly. With the new loan option, we expect it will be closed out by the end of the month.
You can view the investor details under the "Executive Summary" and "Project Details" tab. The documents are under the "How to Invest" tab.
July 22, 2019 - Little Lane Developer Q&A
Please Note: We recommend watching the April 9th webinar "VIP Debut of Fred's Latest Project" before watching the Q&A webinars.
We've had an enormous amount of interest in our Little Lane, LLC syndication, in which we are building very nice and affordable homes in Nevada's state Capitol Carson City. Demand is already incredibly strong for these homes.
Some of our members had questions at our July event about how to invest in it, so we set up a Question & Answer webinar with the developer.
June 9, 2019 - Little Lane Site Tour with Fred Bates
June 3, 2019 - Little Lane Project Q&A Webinar
We've had tremendous interest in our newest syndication in Carson City. If you are interested in participating before it sells out, or simply have questions, please join us for an overview and investor Q&A.
April 9, 2019 - VIP Debut of Fred's Latest Project - Little Lane LLC
Our highly esteemed development partner, Fred Bates, has brought us another opportunity in the Tahoe-Reno region and we want to give our VIP members the first opportunity to invest in this exciting project.
Fred is in contract to purchase 21.32 acres in the heart of Nevada's capital, Carson City, just a 15 minute walk from the state Capitol. The land is already zoned for residential use. Fred is working with the city to increase the density to 171 detached town homes on 3000 square foot lots.
Once the plan is approved by the city, we will complete the engineering. Our current projection is to start horizontal construction this year (roads, utilities, etc.) Once complete, we will build the homes and sell them to the Carson City retail housing market.
Watch this webinar to learn more about this exciting project.
If you have any question, please email them to Syndications@realwealthnetwork.com.
April 5, 2019 - Original Website Summary
Our highly esteemed development partner, Fred Bates, has brought us another opportunity in the Tahoe-Reno region.
We are in contract to purchase 21.32 acres in the heart of Nevada's capital, Carson City, just a 15 minute walk from the state Capitol. The land is already zoned for residential use. Fred is working with the city to increase the density to 171 detached town homes on 3000 square foot lots.
Once the plan is approved by the city, we will complete the engineering. Our current projection is to start horizontal construction this year (roads, utilities, etc.) Once complete, we will build the homes and sell them to the Carson City retail housing market.
Why Carson City?
Carson City is the Capitol of Nevada, located in the Northwest of the state, 30 minutes south of Reno with close proximity to Lake Tahoe. It benefits from many of the same regional job growth trends that have made Reno an attractive market.
Job growth in the Reno metropolitan statistical area “Reno MSA”, which includes nearby Sparks, has accelerated since 2015. As of July 2018, the unemployment rate in the Reno MSA was 3.9%, the lowest it has been since 2006.[3] Similarly, the unemployment rate in Carson City was 4.7% as of July of 2018, the lowest it has been since 2007.[4]
Sales Market
The housing sales market in the Reno MSA had a vacancy rate of 0.9% as of July of 2018, down from 3.3% in 2010. New and existing home sales in the Reno MSA totaled 12,675 in the 12 months ending June 2018, up 7% from the previous 12 months, and the average sales price rose 7% to $379,100. Demand is estimated to grow to 7,000 new homes by 2021. As of July of 2018, there were 1,375 homes under construction.
The median home price is around $340,000 in Carson City. The latest forecast from Veros Real Estate Solutions predicted that Carson City property values would appreciate at a rate of 9.5% through 2019.
Jobs
Relatively low taxes, coupled with an abundance of developable land for industrial use, has boosted economic activity and commercial construction at local industrial centers in Reno and Carson City. One such industrial center, the Tahoe Reno Industrial Center (“TRIC”), is the largest industrial center in the country and is located 10 miles from Reno and 25 miles from Carson City. The TRIC is home to nearly 140 companies including Panasonic Corporation, Tesla, Zulily Company, Wall-Mart Stores, Inc., and Pet Smart, Inc. Overall employment at TRIC is expected to more than double in the next 5 years as companies meet hiring projections and as new facilities open.
Infrastructure
The USA Parkway, the new roadway linking Highway 50 and Interstate 80, allows commuters from Carson City to access the TRIC in the same amount of time as commuters from Reno. The USA Parkway will further link the Reno and Carson City areas with the Highway 50 corridor, enhancing regional mobility and creating an additional route for commuter, freight and other traffic.
The influx of workers moving to the Reno MSA is growing faster than the amount of available housing. In 2018, for every new job in the Reno MSA, there were 0.21 new single-family homes and 0.43 new residential units built.[/memb_has_any_tag]
