Core Plus Fund II - Q2 2026 Financial Results – NOI margin of 80% (T12)
Dear Investors,
On a T12 basis, Fund II experienced a NOI margin of 80% and NOI less CapEx as a % of revenue of 76%, with both metrics substantially exceeding our forecast.
As 1-year leases expired in March-May of 2026, Fund II experienced a dip in occupancy, but is currently 100% occupied.
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