Various entities work together to carry out the business of the fund and the land business. These are as follows:
Hawthorne Income Fund, LLC is the fund. It is owned by fund investors as is managed by Hawthorne Income Fund Manager, LLC, which is an entity that Doug Smith owns.
Hawthorne Land, LLC is Doug’s entity that purchases and holds title to land. We subdivide, improve and sell the land, so its land ownership is temporary. It borrows from the fund against the land it owns.
Hawthorne Interests, LLC is Doug’s entity that purchases real estate notes, often from Hawthorne Land, and holds them long term. It borrows from the fund against the notes it holds.
Hawthorne Management, LLC and Hawthorne Property Services, LLC are Doug’s entities that cover most of our general overhead and employ many of our team members.