Fund II 2025 financial results - NOI 13% above forecast

February 16, 20261 min read

BTR Insights newsletter by MIP Capital Partners

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

MIP Capital Partners

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