Legal

Important disclosures

Last updated October 17, 2026

Please read these disclosures before relying on anything on this website.

Who we are

Gul Equity is a trade name of Velstand Management, Inc., a Washington corporation. References to “Gul Equity,” “we,” “us” and “our” mean Velstand Management, Inc. Our address is 100 N Howard St #7704, Spokane, WA 99201.

Not raising capital

Gul Equity is not currently raising capital or accepting new investors. This website does not describe, advertise or provide access to any investment opportunity.

No offer or solicitation

Nothing on this website is an offer to sell, or a solicitation of an offer to buy, any security or other investment, in any jurisdiction. Any offer of securities, at any time, would be made only through confidential offering documents, only to eligible persons, and only where permitted by applicable law. No content on this website should be read as a recommendation of any investment.

Not registered; no advice

Gul Equity is not registered as a broker-dealer or as an investment adviser with the U.S. Securities and Exchange Commission or any state. Nothing on this website is investment, legal, tax or accounting advice, and using this website does not create an advisory, fiduciary or client relationship. The SEC and state securities regulators have not reviewed, approved or passed on the merits of anything on this website.

Educational content

Our essays and other content are general and educational. They do not consider your individual circumstances, may not apply to your situation, and reflect our views as of the date shown, which may change without notice. We don't undertake to update them. Please talk to your own financial, legal and tax advisers before making any investment decision.

Risks of private real estate

Private real estate investments, in general, involve a high degree of risk, including:

Loss of capital. Investors can lose some or all of their investment.
Illiquidity. Interests are usually not transferable and have no public market; investors may be unable to exit for many years.
Leverage. Borrowed money magnifies losses as well as gains, and loans may be difficult or expensive to refinance.
Concentration. A single property or market can dominate the outcome.
Reliance on others. Results depend on sponsors, managers and lenders whose decisions investors don't control.
Tax complexity. Tax outcomes vary by investor and can change with the law.

Past performance and forward-looking statements

Past performance does not guarantee future results. Statements about markets, interest rates or economic conditions are opinions and estimates that may prove wrong. Any illustration in our content is hypothetical and for explanation only.

Third-party information

Some content relies on information from third parties that we believe to be reliable but have not independently verified. We make no representation as to its accuracy or completeness. Links to other websites are provided for convenience and are not endorsements.

Conflicts of interest

Gul Equity and its founder hold interests in private real estate and other investments. Our views may be influenced by those interests.