BTR Fund III – Q3 2026 Financial Results – NOI Above Forecast By 24%
Dear Investors,
For the stabilized period ending September 30, 2026, Net Operating Income exceeded our forecast by 24%.
Fund III is currently 100% physically occupied, and the NOI margin and NOI less CapEx as a % of revenue are tracking well above expectations.
Fund III’s liquidity position is very strong, with liquidity representing 21% of LP equity raised.
A video walkthrough of the Q3 2026 financial results can be found here:
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