Stonecrest’s Capital Income & Growth Fund had another strong quarter with continued growth coming from sales in most of our segments. In particular, the Retail, Land Contracts, and Notes departments did well.
Nationally, the overall resale market to individuals, as well as to other small hedge funds, has been steadily increasing and we are looking for ways to take advantage of that trend.
We are happy to report that Stonecrest’s networking activities have paid off for the fund. Capital Income & Growth has been able to build a relationship with a large auction house and has started to bid on their properties. We were able to connect with the auction house’s upper management, which gives us more insight into the particulars of the multiple sellers on their platform. This benefits us tremendously.
We have not recently seen any quality non-performing note packages worth bidding on. However, we typically see an uptick in quality note pools being marketed in the fourth quarter and will watch for upcoming opportunities in that area.
Reminder: Capital Income & Growth Fund has been approved for direct deposit. Investors wishing to have their money directly deposited into their accounts can contact either Lisa Fuller or Christina Vuong at 408-557-0700 for further information.
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