Hello, this is Shuo. So if you’re the type of investor who is not so interested in tracking properties’ performance, but just around to collect distribution checks, then this section may not be as important to you.
But if you are a person like me who likes reading reports on their investment, then the asset investment reports update will be where we find the information.
So by industry standards, these reports are sent out from GP to passive investors on a quarterly basis. So good reports should include a concise and informative overview, briefing if the asset is on track to the business plan, with key operational updates and also areas that need further attention and improvements. They should include performance updates on revenue, expense, and distribution in comparison to what was being projected and also include an outlook for the next quarter.
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Patrick Grimes is a design engineer and CEO and Founder of Invest on Main Street, LLC. His real estate holdings include general partner ownership of a multifamily and single-family real estate portfolio valued over $146M, including 1,950+ units across the southeastern United States and Texas.
He has been active in real estate investment since 2007, including purchasing land and distressed assets, renovating them, and stabilizing them for long-term cash flow. To scale his real estate portfolio, Patrick moved from single-family to multifamily investing and founded Invest on Main Street, a private equity firm specializing in multifamily value-add projects in emerging markets.