Performance
Operating trends and your capital account
Occupancy
96%
Scale 0 to 100%. From 88% at first distribution to 96% as renovated units leased.
Collections
98.5%
Scale 0 to 100%. Rent billed that was actually collected, per the monthly management close.
In-place rent, average
$1,648
Scale 0 to $1,719 (the underwritten market rent). Climbs as each renovated unit re-leases; $71 of the underwritten gap remains.
Renovation program
9 of 12 units complete
$291,000 of the $367,000 budget spent; the program covers 12 of the 24 units. Remaining turns follow lease expirations.
Your capital account
- Capital contributed
- $200,000
- Capital returned
- $0
- Unreturned capital
- $200,000
- Cumulative distributions (income)
- $9,045
Distributions to date are operating income, not a return of your capital, so unreturned capital still stands at its full amount. The modeled refinance is the first event that would return capital, and it is a target, not a schedule.
Monthly property management close · as of Aug 31, 2027