Core Plus Fund II - Q1 2026 Financial Results - NOI 21% above forecast
Dear Investors,
We are pleased to announce financial results for Q1 2026 for MIP Capital Partners Core Plus Fund II.
Fund II performed exceptionally well on a T12 basis, with performance primarily attributable to elevated collections and cost management.
Collections met or exceeded our forecast in 10 of 11 months during the stabilized period ending March 31, 2026.
Core NOI was 21% above our forecast.
The cost to maintain each house was 52% below our forecast.
EBITDA exceeded expectations by 49%.
Please don't hesitate to reach out if you have any questions or would like to discuss.
Best regards,
Matt Sinclair
Founder, Chief Executive Officer