MIP Capital Partners BTR Fund III - Portfolio Upsizing
Dear Investors,
We are pleased to announce that MIP Capital Partners BTR Fund III has been oversubscribed by investors. As a result, we identified and contracted to purchase six additional houses for inclusion in BTR Fund III.
The additional six houses are of comparable quality to the original 36 houses included in BTR Fund III, but are being purchased at significantly larger discounts. Additionally, four of the six houses are leased. Our strong local builder relationships were instrumental in identifying this off-market opportunity.
Please see below for a summary analysis of the accretive impact of adding these six houses.
Management has a high degree of conviction in the benefits to all investors in BTR Fund III from the upsizing.
As a result of the cash flow enhancing benefits of the upsizing, all investors in BTR Fund III will receive an additional 1.0% for catch-up distributions payable in February 2026.
In addition, Management believes this transaction has the potential to increase overall returns to investors.
If additional information would be helpful, please contact us.
Best regards,
Matt Sinclair
Founder, Chief Executive Officer