Second Realty Shares Equity Investment To Go Full Cycle - 28% IRR

Two of my Realty Shares equity investments have now gone full cycle.  The first Chase condo conversion netted about an 18% IRR.  I suspect the project did much better, but the sponsor never gave a full accounting and may be in Mexico as far as I know.

The newest exit happened today. It was a retail cent in Las Vegas Nevada anchored by a Chipotle. Investors were forecasted to receive quarterly disbursements and are projected to yield a base case 11.7% average cash-on-cash return, a 15.0% IRR over a 5 year hold.  We only held the property for about 2 years and the final IRR was 28.5% after all Realty Share and sponsor fees. It returned about a 1.6x for the 23 month hold.  I am very pleased with this investment and hope to do another deal with Brad Management in the future. 

 

Josh L

Member Since: 2017

Apr 26,2017@11;31 AM

 

Kudos to you, and Realty Shares

Josh L

Member Since: 2017

Apr 26,2017@11;28 AM

 

Kudos to you, and Realty Shares

Josh L

Member Since: 2017

Apr 26,2017@11;27 AM

 

Kudos to you, and Realty Shares


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