Fund Benefits
This private real estate Fund is for the moderate risk investor seeking both income and appreciation in a single vehicle. The Fund’s strategy is to build, buy and finance multifamily properties in its target markets.
Income
The Fund seeks to generate a consistent stream of monthly distributions.
Appreciation
The Fund presents long-term capital appreciation potential which can be compounded further by participating in the Fund’s distribution reinvestment program.
Tax-Efficiency
The Fund is structured as a REIT, which means most of the Fund’s distributions may be either ordinary dividends, which are eligible to be reduced by up to 20% for federal tax purposes2, or a return of capital, which is non-taxable3.
Generate More Income
The distribution yield for the IncomePlus Fund now stands at 5.8%.4 That's 33.9% more than the Ten-Year U.S. Treasury yield and 14.4% more than investment-grade bonds.5
Yield Comparison
Projected Growth of a $250K Investment in the IncomePlus Fund
Grow Your Capital
An investment of $250K could potentially grow to $680K after 10 years when you enroll in the distribution reinvestment program6.
Tax-Efficiency
The IncomePlus Fund has a REIT structure which provides unique tax benefits.
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Return of Capital
A portion of the Fund’s monthly distributions are expected to be characterized as a return of capital, which is not subject to tax.7
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20% REIT Tax Reduction
Introduced by the Tax Cuts and Jobs Act of 20178, investors may be able to deduct up to 20% of ordinary dividends from their taxable income for federal income tax purposes.
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Deferral of Capital Appreciation
Investors benefit from an indefinite deferral of capital appreciation for as long the investment is held.
Performance in
All Market Cycles
We strategically manage the Fund’s portfolio allocation, seeking stability across all market cycles.
Fund Performance
$11.30
NAV Per Unit9
5.8%
Net Distribution Yield as of 7/31/234
5.6%
Trailing Net 12-Month Total Return10
Monthly Total Return (Net of Fees)11
| | JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.90% | 0.70% | 0.60% | 0.50% | 0.50% | -0.70% | 0.50% | 3.00% | |||||
| 2022 | 0.80% | 1.00% | 1.40% | 1.00% | 0.60% | 0.80% | 0.70% | 0.70% | 0.50% | 0.50% | 0.60% | 0.50% | 9.30% |
| 2021 | 0.90% | 0.70% | 1.00% | 0.70% | 1.80% | 3.10% | 3.30% | 2.20% | 1.80% | 1.60% | 0.80% | 2.10% | 21.20% |
| 2020 | 0.50% | 0.50% | -6.90% | 0.50% | 0.50% | 0.50% | 1.50% | 0.60% | 1.10% | 0.50% | 1.90% | 0.50% | 1.40% |
| 2019 | - | - | - | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | 4.50% |
Unit Price9
| | JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $11.40 | $11.42 | $11.43 | $11.43 | $11.43 | $11.30 | $11.30 | |||||
| 2022 | $11.00 | $11.06 | $11.16 | $11.22 | $11.24 | $11.28 | $11.31 | $11.34 | $11.34 | $11.34 | $11.35 | $11.35 |
| 2021 | $9.57 | $9.59 | $9.63 | $9.65 | $9.77 | $10.02 | $10.30 | $10.48 | $10.62 | $10.74 | $10.78 | $10.96 |
| 2020 | $10.00 | $10.00 | $9.26 | $9.26 | $9.26 | $9.26 | $9.35 | $9.36 | $9.41 | $9.41 | $9.54 | $9.54 |
| 2019 | - | - | - | $10.00 | $10.00 | $10.00 | $10.00 | $10.00 | $10.00 | $10.00 | $10.00 | $10.00 |
Where We Invest
We target cities and submarkets across the southwest and southeast U.S. that we expect to experience outsized rent growth and demand.
Fund Properties
Auterra Nocatee
Jacksonville, FL
277 Clifton
Atlanta, GA
Solace at the Ranch
Colorado Springs, CO
Epoch West Melbourne
West Melbourne, FL
The Bend
Houston, TX
Southerly at Terrell
Dallas, TX
White Oak
Houston, TX
PDG Central Park
Denver, CO
20 S. Bear Creek
Asheville, NC
Baymeadows
Jacksonville, FL
Novo Antioch
Nashville, TN
Horizon at Sereno
Tampa, FL
The Northern
Nashville, TN
Kingston Pointe Apartments
Des Plaines, IL
Novi at Concord
Charlotte, NC
The Southerly
St. Augustine, FL
Morris at Belmont
Charlotte, NC
Niche Hyde Park
Tampa , FL
Goodwin Apartments
Austin, TX
Linden House
Jacksonville, FL
Rye Charlotte
Nashville, TN
Lively Drayton Mill
Greenville, SC
Haven at Mansfield
Dallas, TX
Ashley Oaks
San Antonio, TX
Monroe Aberdeen
Chicago, IL
District at Memorial
Houston, TX
Madison at Westinghouse
Georgetown, TX
Watch Our Latest Investor Webinar
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Webinar: IncomePlus Fund June Update
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1) Targeted performance doesn’t represent an actual investment and frequently has sharp differences from actual returns. Targeted returns are inclusive of appreciation and reinvestment of distributions and are net of fees. There can be no assurance that the Fund will achieve comparable results or meet its target returns.
2) This federal tax law is due to the Tax Cuts and Jobs Act which is set to expire at the end of 2025.
3) A return of capital is non-taxable but lowers an investor’s basis in their investment.
4) The net distribution yield is as of 7/31/23 and is calculated as the (July 2023 distribution divided by the latest Fund net asset value) divided by the (30 days in the month divided by 365 days in the year.)
5) As of 09/15/2023, the distribution yield of the U.S. 10-Year Treasury Note was 4.33% and the distribution yield of Moody’s Seasoned AAA Corporate Bonds was 5.07%, according to YCharts.
6) Projected performance doesn’t represent an actual investment and frequently has sharp differences from actual returns. Projected returns are inclusive of appreciation and reinvestment of distributions and are net of fees. An investment in the Fund has the potential for partial or complete loss of funds invested.
7) The return of capital will lower an investor’s basis in the Fund. When an investor sells their interest in the Fund, any gains will consider the selling price relative to the cost basis. Accordingly, the return of capital is a deferral of some of the investor’s tax liability.
8) The Tax Cuts and Jobs Act is set to expire at the end of 2025.
9) Fund net asset value (NAV) per unit shown (July NAV) represents the price at which new investors acquired fund units with a September 1 trade date and was determined in late August using the July month-end financials; NAV per unit is the July NAV divided by the number of units in the Fund as of July 31. Please refer to our valuation policy located here for more information on how we calculate net asset value. Because the September 1 investor trade date price per unit is based on July financial data, the NAV per unit may not reflect the current net asset value of the fund. The NAV shown is not necessarily the NAV at which new investors would acquire units today.
10) The trailing 12-month net return is as of 7/31/23 and is calculated by adding the aggregate dividends paid over the last 12-month period, including amounts reinvested through the Fund’s dividend reinvestment program, and appreciation in net asset value, all net of fund fees. Refer to our valuation policy for more information.
11) The monthly net return is as of 7/31/23 and is calculated by adding the aggregate dividends paid, including amounts reinvested through the Fund’s dividend reinvestment program, and appreciation in net asset value, all net of fund fees. Refer to our valuation policy for more information.