C-Star SFR Fund I Distributed 7% Dividend in 4Q2019 and has Realized Portfolio Stabilization
New York, January 16, 2020: C-Star SFR Fund I today reported its fourth quarter 2019 results. Sherry Li, Founder and Chief Executive Officer, said, “In the fourth quarter C-Star again generated strong results for investors. Our ability to analyze markets, source target properties, execute investment stretagies and manage properties is highly differentiated, as demonstrated by $36,602.35 of distributions in this quarter and $131,130.15 over the last consecutive six quarters. Our investors continue to entrust us with capital for our strategy, including 40% capital raising in Fund II within three months. C-Star SFR Fund II will kick off acquisitions in January and acquire 300 single-family rental properties in Atlanta and Charlotte areas within the next two years.”
C-Star SFR Fund I has distributed a quarterly dividend of $0.7 per unit.
About C-Star SFR Fund I
C-Star successfully closed and fully deployed Fund I in June 2019 and aggregated a $5.7 million portfolio. It contains 36 assets located in 9 counties of Atlanta MSA.
As of the fourth quarter of 2019, C-Star SFR Fund I has achieved a portfolio of 100% leased rate, 7.8% capitalization rate, 8.0% first year Cash-On Cash and 24.2% projected 3-year IRR.
C-Star is a real estate investment management firm primarily in the Single Family Rental sector. It was founded in February 2018 and headquartered in New York.
In July 2019, C-Star launched Fund II and targets to raise $20 million USD of equity for investments in Atlanta and Triangle Charlotte MSA.
Investment Stretagy of Fund II
Key Terms of Fund II:
Minimum Capital Commitment: $100,000
Investment Term: 3 year +1 year +1 year
Target IRR: 18% – 20% gross
Acquisition Fee: 2% of Purchase Price
Asset Management Fee: 25bps on AUM annually
Note: C-Star SFR Fund II has filed with the United States Securities and Exchange Commission (“SEC”) under Regulation D 506(c). www.sec.gov.
C-Star is a tech-empowered real estate investment and management firm primarily in the single family rental industry. Combining innovative technology and extensive expertise in real estate investment and management, C-Star is building a modern investment platform with AI and digital solutions of real estate transactions.