Business
Sortis Income Fund Closes Year With 12th Consecutive Quarter of Solid Returns
Sortis Income Fund Closes Year With 12th Consecutive Quarter of Solid Returns.
About this update from Sortis Holdings, Inc.
[{"type":"text","content":"\nSortis Income Fund LLC announced a 10.2% net annualized return to its investors for the fourth quarter of 2019, and a 10.7% net annualized return for 2019. The Sortis Income Fund, a real estate mortgage fund that holds short-term notes collateralized by real estate, is managed by Sortis Holdings Inc. (SOHI).\n\n\nThe fund returned 12.2% to investors on an annualized basis in 2017, and 11.1% on an annualized basis for 2018, exceeding the fund’s 10% target return for investors. The fund is accessible via the major national investment platforms or directly from Sortis Holdings at www.sortisholdings.com/funds.\n\n\n“While our focus will always be on principal protection for our investors, we’re pleased to deliver the 12th consecutive quarter of annualized yields above 10%,” said Jef Baker, Sortis Income Fund managing director. “Investor interest in the fund, which more than tripled in size in 2019, continues to grow. The fact that the fund is unlevered, combined with the high quality of the loans in the portfolio, is very appealing to investors.”\n\n\nThe Sortis Income Fund LLC is an unlevered real estate note fund that allows quarterly distributions or reinvestment at investor discretion. Liquidity is also available after an initial six months, subject to short-term loan maturities in the fund’s portfolio. Sortis recently extended its family of funds into the real estate equity world with the launch of a $100 million Opportunity Zone Fund.\n\n\nAbout Sortis Income Fund LLC\n\n\nSortis Income Fund is an evergreen real estate loan fund offered through private placement to accredited investors. The fund is managed by Sortis Holdings Inc. and its wholly owned subsidiary Sortis Financial Inc. The fund has a conservative focus on holding real estate loans. Sortis, with deep roots in the Northwest, has developed a broad network over many years in banking and finance and has earned a reputation as a high-quality private lender that can execute efficiently.\n\n\nAbout Sortis Holdings\n\n\nSortis Holdings is an investment firm with a primary focus on real estate, both as a lender and as a direct investor. From its origins as a bank holding company, Sortis has evolved into a diversified firm that both lends and opportunistically invests in real estate, with a focus on the Western U.S. Since real est...