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.
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Josh L
Member Since: 2017
Apr 26,[email protected];31 AM
Kudos to you, and Realty Shares