MIP Capital Partners BTR Fund III - Catch-Up Distributions
Dear Investors,
Catch-up distributions for MIP Capital Partners BTR Fund III will be paid on Tuesday, February 10th.
As previously communicated, the one-time catch-up distributions are being upsized by 1.0% due to a favorable cash position versus our forecast.
The one-time catch-up distributions are calculated, per investor, based on the date(s) and dollar value(s) of cash received from each investor through February 10th. Catch-up distributions will be calculated, per investor, using the following annualized rates:
Class B: 15.0%
Class C: 17.0%
The houses purchased in conjunction with the BTR Fund III upsizing have closed.
Leasing of the BTR Fund III portfolio is progressing well and recurring monthly distributions will initiate in March. Monthly distributions, beginning in March, will be calculated, per investor, based on an investor’s dollar value of investment and share Class using the following annualized rates:
Class B: 7.0%
Class C: 8.0%
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