# EDGAR Filing Document

**Accession Number:** 0001878614
**File Stem:** 0001104659-25-123602
**Filing Date:** 2025-12
**Character Count:** 5172
**Document Hash:** 3a9600eae21e8eaac9657e145f15354b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-123602.hdr.sgml**: 20251222

**ACCESSION NUMBER**: 0001104659-25-123602

**CONFORMED SUBMISSION TYPE**: 1-U

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251216

**ITEM INFORMATION**: Changes in Issuer's Certifying Accountant

**FILED AS OF DATE**: 20251222

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** YS RE RAF I LLC
- **CENTRAL INDEX KEY:** 0001878614
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 863780020
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 1-U
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 24R-00576
- **FILM NUMBER:** 251590988

**BUSINESS ADDRESS:**
- **STREET 1:** 300 PARK AVENUE, 15TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
- **BUSINESS PHONE:** 844-943-5378

**MAIL ADDRESS:**
- **STREET 1:** 300 PARK AVENUE, 15TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 1-U**

**CURRENT REPORT**

**Pursuant to Regulation A of the Securities Act of 1933**

**December 16, 2025**

(Date of Report (Date of earliest event reported))

**YS RE RAF I LLC**

(Exact name of registrant as specified in its charter)

---

| | |
|:---|:---|
| **Delaware** | **86-3780020** |
| (State or other jurisdiction of incorporation) | (IRS Employer Identification No.) |
| **300 Park Avenue, 15th Floor** |  |
| **New York, NY** | **10022** |
| (Address of principal executive offices) | (ZIP Code) |

---

**(844) 943-5378**

(Registrant's telephone number, including area code)

**Common Shares**

(Title of each class of securities issued pursuant to Regulation A)

**Item 4.** **Changes in Issuer's Certifying Accountant**

*(a) Dismissal of Previous Independent Public Accounting Firm*

On December 16, 2025, the Board of Directors of YS RE RAF I LLC (the "Company") dismissed Deloitte & Touche LLP ("Deloitte") as the Company's independent registered public accounting firm, effective immediately. The dismissal was not related to any disagreements with Deloitte on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.

During the fiscal years ended December 31, 2024 and 2023 and the subsequent interim period through December 16, 2025, there were no (1) disagreements with Deloitte on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements, if not resolved to their satisfaction, would have caused them to make reference in connection with their opinion to the subject matter of the disagreement, or (2) reportable events under Item 304(a)(1)(v) of Regulation S-K.

The audit reports of Deloitte on the consolidated financial statements of the Company as of and for the years ended December 31, 2023 and 2024 did not contain an adverse opinion or a disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope, or accounting principles.

The Company provided Deloitte with a copy of the disclosures in this Current Report on Form 1-U and requested that Deloitte furnish the Company with a letter addressed to the SEC stating whether it agrees with the statements made herein. A copy of such letter provided by Deloitte, dated December 19, 2025, is filed as Exhibit 16.1 to this Current Report on Form 1-U.

*(b) Appointment of New Independent Public Accounting Firm*

On December 16, 2025, the Board of Directors approved the engagement of CohnReznik LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025, effective immediately. During the Company's two most recent fiscal years ended December 31, 2024 and 2023, neither the Company nor anyone acting on its behalf consulted with CohnReznik LLP regarding any of the matters described in Items 304(a)(2)(i) and (ii) of Regulation S-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number Description <br>[16.1](tm2533987d1_ex16-1.htm) [Letter from Deloitte and Touche LLP dated December 19, 2025](tm2533987d1_ex16-1.htm)

**SIGNATURES**

Pursuant to the requirements of Regulation A, the issuer has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | |
|:---|:---|
| **YS RE RAF I LLC** | **YS RE RAF I LLC** |
| By: | YieldStreet Management LLC |
| Its: | Manager |
| By: | /s/ Will Majeski |
| Name: | Will Majeski |
| Title: | General Counsel |

---

Date: December 16, 2025

## Add

Exhibit 16.1

December 19, 2025

Securities and Exchange Commission

100 F Street, N.E.

Washington, D.C. 20549-7561

Dear Sirs/Madams:

We have read Item 4 of YS RE RAF I LLC Form 1-U dated December 16, 2025, and have the following comments:

&nbsp;&nbsp;&nbsp;&nbsp;1. We agree with the statements made in 4(a).

&nbsp;&nbsp;&nbsp;&nbsp;2. We have no basis on which to agree or disagree with the statements made in 4(b).

/s/ Deloitte & Touche LLP

New York, NY