Eighteen months in, we recapped a deal and returned investors close to a 1.4 equity multiple.
Now we're getting ready to refile after the renovations, and we're about to return investors thirty to forty percent of their invested capital, on top of the cash flow distributions they've already been collecting.
That comes back as a non-taxable event. It's debt. They get thirty or forty percent of their money back, they go put it to work somewhere else, and we keep rolling.
A couple years from now, when the market's right, we exit and sell. Investors double their money or better.
Save this. This is what it actually looks like when a value-add business plan is working, not just a projection on a slide.