What is Ocorian?

Ocorian is a global provider of fund, corporate, and fiduciary administration services. It is serving as Node Proptech's SPV administration and governance partner responsible for:

entity formation

ongoing administration

governance oversight

investor reporting

across all Node-structured real estate offerings.

What Ocorian Does in the Node Stack

Ocorian's administration extends to tax matters. Each SPV is a separate tax entity. It must file its own federal return (Form 1065 if taxed as a partnership, Form 1120-S if a S-corp election is made).Ocorian coordinates with the SPV's tax adviser and ensures returns are filed on time.

Failure to file creates IRS penalties and can jeopardize the investor protections that the SPV structure is meant to provide.

Ocorian handles the operational backbone of every SPV that holds a Node asset. This starts with entity formation, the legal creation of each Delaware LLC that ring-fences a single property. Once the entity exists, Ocorian administers it on an ongoing basis, maintaining corporate records, managing statutory filings, and ensuring the SPV remains in good standing under Delaware law.

Beyond formation, Ocorian delivers governance oversight. The operating agreement for each SPV defines the rights of investors and the obligations of the manager. Ocorian ensures those obligations are met, that required notices are issued, and that governance actions follow the documented process.

Investor Reporting and Institutional Standards

Ocorian prepares and delivers investor reporting for each:

SPV

Covering financials

Distributions

Occupancy metrics

Asset-level operating data.

These reports follow institutional standards designed for accredited investors and regulated counterparties.

The reporting quality that Ocorian delivers directly affects investor confidence and understanding of their investments. Clear, timely reporting with consistent metrics builds trust.

Delayed or unclear reporting erodes it.

The reporting function connects directly to Forvis Mazars, Node's audit and digital asset assurance partner. Ocorian prepares the underlying data; Forvis Mazars provides independent audit and assurance.

This separation of preparation and verification mirrors the institutional fund administration model used across private equity and real estate fund structures globally.

Why SPV Administration Requires a Specialist

A Special Purpose Vehicle is a legal entity with real obligations. It must file tax returns, maintain registered agent status, issue K-1s to investors, and comply with the terms of its own operating agreement.

Failure to perform them exposes the entity to:

administrative dissolution

tax penalties

breach of investor agreements.

Delegating SPV administration to Ocorian removes this operational burden from the platform operator and places it with a firm whose core business is entity administration at scale. Statutory requirements vary by state, the operating agreement requires interpretation, and compliance obligations evolve over time. Ocorian administers thousands of entities across multiple jurisdictions globally.

Ocorian at Node Proptech

Within the Node institutional partner stack, Ocorian sits alongside:

S&K (legal counsel)

Securitize (transfer agent)

SumSub (KYC/AML)

Forvis Mazars (audit).

Ocorian's role is administration and governance. It does not draft the legal documents, maintain the investor registry on-chain, or verify investor identity.

Each partner handles a defined function, and Ocorian's function is keeping every SPV properly formed, properly administered, and properly reported.