Sunbelt Fund I Updates > 2020 Investor Distribution
Thanks to the hard work and dedication of the Ballast Rock and Sunbelt Properties teams, Sunbelt Multifamily Fund I (“SB1”) substantially outperformed pro forma expectations during 2020, with November our strongest month yet (see our November 2020 Asset Management Report). We are confident of continued growth ahead as we deliver on our value-add strategy across the portfolio.
As we say goodbye to a year that has been so difficult for so many, we are proud to announce that we will pay SB1 investors a 9% total investor distribution for 2020 (7% preferred return + 2% bonus coupon to be paid along with investors’ Q4 payment) from income alone. This is the second year in a row SB1 has paid out a 9% total investor distribution.
As we say goodbye to a year that has been so difficult for so many, we are proud to announce that we will pay SB1 investors a 9% total investor distribution for 2020 (7% preferred return + 2% bonus coupon to be paid along with investors’ Q4 payment) from income alone. This is the second year in a row SB1 has paid out a 9% total investor distribution.
