Black Swan Real Estate
Black Swan Real Estate is a physician-owned investment firm offering accredited investors unique, long-term opportunities to build wealth through passive investments. Led by Dr. Elaine Stageberg, a psychiatrist, and Nick Stageberg, a former tech professional, Black Swan has developed an investor-first model with no GP-level fees and a radical alignment of incentives. Their vertically integrated team manages 1,600 units and $375M in assets across Minnesota and Washington, ensuring close oversight from acquisition to property management. By prioritizing investor education and alignment, they have built a track record of strong returns with no failed return targets or capital calls, providing investors with options for indefinite holds and fixed returns. Black Swan's offerings provide flexibility for high-income professionals, including an indefinite hold strategy that returns all invested capital and allows investors to benefit from cash flow, appreciation, and tax advantages for years. Their reputation as a trusted resource in the physician community and their commitment to excellence in real estate make them a valuable partner for investors looking to secure long-term financial freedom.
Overview
Black Swan Real Estate offers accredited investors two primary investment opportunities: the Infinite Rate of Return option and a Fixed Return Fund. The Infinite Rate of Return fund provides investors with a 100% return of capital before any splits. Investors enjoy ongoing benefits from rental income, appreciation, and tax advantages long after their initial capital is returned for an infinite rate of return. This option is ideal for those seeking long-term, tax-efficient passive income.
Alternatively, the Fixed Return Fund provides a stable, fixed return for investors who prefer predictable returns. This option enjoys a lower investment minimum, enhanced liquidity options, and the choice between monthly return payments or compounded growth. Black Swan Real Estate's proven track record, physician-led team, and investor-aligned model give investors access to a well-managed, cash-flowing portfolio.
Why You?
Black Swan Real Estate is unique in its commitment to radical alignment with investors. We don’t collect GP-level fees or take profit until our investors are made whole, ensuring our goals match investor interests. Our vertically integrated model allows us complete control over each property, eliminating inefficiencies and maximizing returns. We offer two options: an indefinite hold fund, allowing investors to benefit from ongoing returns long after initial capital is returned, and a fixed return option, providing stability not typically found in index funds. As a physician-led team, we understand the needs of high-income professionals looking for financial freedom through passive income.
Ideal Investor
Our investors are typically high-income professionals, often physicians, looking for an alternative to traditional equity markets who value a personalized, tax-advantaged passive income strategy. Ideal investors are those with an interest in long-term wealth building, appreciation, and tax benefits through private real estate holdings. They are looking for a hands-off investment experience with strong returns, backed by a team that prioritizes investor education, transparency, and trust. Whether they seek steady returns or long-term appreciation, our investors appreciate the value in aligning with a dedicated, experienced firm focused on secure, high-quality assets.
Investor Reviews
“I don’t have to worry about my investments with Black Swan. They are just good, solid people who work hard and are always available.” – Dr. Lindy W.
“Black Swan has been outstanding! Communication is top notch, investment is always paid on time with them–zero hassles and never a single missed payment. They work extremely hard and they have never failed to deliver. I will not invest in any other real estate operator now except for them; they have earned my trust with their reliability, competence, accessibility and delivery of payments. They are top notch! No one comes close.” – Dr. Anna M.
“They bring a feeling of ease and certainty during uncertain times. They make educated investments and don’t gamble with investors’ money. They really understand how to leverage money to maximize wealth building. They really care about tenants and improving for them while also making sure it makes sense for investors. Truly amazing people to know and invest with!” – Dr. Elizabeth A.
Anything Else?
Black Swan Real Estate stands out in the industry with a truly investor-first approach: we collect no GP-level fees whatsoever, a structure that is virtually unheard of in private real estate. This radical alignment ensures our success is directly tied to our investors' success. Our vertically integrated model means we are deeply involved in every aspect of managing our portfolio, from acquisitions to daily operations, ensuring hands-on oversight and maximized returns. As a physician-led firm, we bring a unique perspective and understanding of the financial goals and challenges faced by high-income professionals, particularly in the healthcare field.