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Sortis Holdings Announces Income Fund Produces Net Return of 7.1% During Q1 2020
Sortis Holdings Announces Income Fund Produces Net Return of 7.1% During Q1 2020.
About this update from Sortis Holdings, Inc.
[{"type":"text","content":"\n Portland, Oregon, April 29, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Sortis Holdings, Inc. (SOHI), a Portland, Oregon-based alternative investment fund manager, announced that Sortis Income Fund, LLC produced a net annualized return of 7.1%* during the first quarter 2020. The Sortis Income Fund (SIF) is an unleveraged mortgage fund, which focuses on short-term notes that are collateralized by real estate.  Despite the volatility seen across the financial markets, the Sortis team continues to see the SIF loans performing well and are confident in the underlying notes and their respective collateral.  The SIF continued to grow in size during the first quarter 2020, as the fund saw inflows of around $13 million.  “In an environment where the stock market has dropped significantly, REIT valuations have plummeted and other funds are paying little to no dividends, we take pride in delivering a solid return to our investor base,” notes Jef Baker, SIF managing director.  “It is a volatile environment like this that validates the SIF’s number one goal of principal protection.  We kept dry powder on the sidelines all through March, which slightly lowered our yields for Q1.  That patience should pay dividends in Q2 as we are already seeing once in a cycle lending opportunities.\" Sortis recently sponsored an economic webinar: Sortis Economic Forecast with Dr. Bill Conerly. Dr. Conerly is a respected economist, Forbes contributor and Duke Ph.D.   The webinar provides an up-to-date view of how Sortis management feels the economic cycle may play out, with input on the impact to the Sortis Funds. In addition to the webinar, Sortis released an outline of its COVID-19 investment strategy and views on the economic impact from the outbreak.  The Sortis Income Fund and its other investment offerings are accessible via major national investment platforms or directly from Sortis Holdings at www.sortis.com/funds. About Sortis Income Fund LLC  Sortis Income Fund is an evergreen real estate loan fund offered through private placement to accredited investors. The fund is managed by Sortis Holdings Inc. The fund has a conservative focus on holding real estate loans. Sortis, with deep roots in the Northwest, has developed a bro...