Fund II 2025 financial results - NOI 13% above forecast

Dear Investors,
MIP Capital Partners Core Plus Fund II experienced strong operating performance in 2025, with the primary drivers being elevated levels of occupancy and a favorable rate of collections.
Revenue and net operating income were 9% and 13% above our forecast, respectively.


Maintaining an elevated level of portfolio occupancy is our main priority for 2026. We are also evaluating methods to reduce our property level operating expenses.
I want to express my deepest gratitude to our investors, partners, and team for your support and belief in MIP Capital Partners.
Best regards,
Matt Sinclair
Founder, Chief Executive Officer