C-Star SFR Fund I Distributed 7% Dividend in 4Q2019 and has Realized Portfolio Stabilization

January 17, 2020
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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.”

Dividend

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.

About C-Star

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.

Investor Relations Contact

Lin Li

C-Star SFR Advisors

Tel: +1 (917) 755-5198

[email protected]

www.c-star.co

500 7th Ave, New York 10018

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