The real estate market across most of the United States has been strong. This is good news for all of Stonecrest’s funds and Capital Income & Growth Fund is no exception. Our REO team really hustled and was able to sell twenty-two properties as well as get another twenty-six properties into escrow during the second quarter. As a result, we are on target to sell all assets by end of 2017 and dissolve the fund.
The fund officially closed with the distribution of the first tranche, or portion, of invested capital. The rate of return has been frozen until all assets are sold. At the end of 2017, the return will be recalculated and adjusted accordingly.
The second tranche of capital is being distributed with this newsletter. The third trance will be distributed after the 3rd quarter, and the final tranche will be forwarded to investors in January of 2018.
As we round the corner into final laps, Stonecrest is grateful for CIGF’s investors and the opportunity they gave us to support
their investment objectives.
Total Fund Annualized Return Since Inception: 17.51%
Featured Asset:
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Our featured property this quarter is located at 1633 Eagle Ave.,Kremmling, Colorado. This 1,377sqft, single family home was built in 1999. It has 3-bedrooms, 2-bathrooms and sits on a 0.48 acre lot. Investment Stats (rounded):
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Fund Performance:
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