Broker Check

Recap of March 23-24 Events

March 29, 2016
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So you weren’t able to attend our dinner in Fredericksburg or our lunch in Williamsburg, but we don’t want you to miss out on the information that was given. We hosted SC Distributors, MacKenzie Realty Capital, and Moody Securities. We hope this synopsis will help give you insight into the event that you missed as well as encourage you to attend a future event.

We started off in Fredericksburg at Castiglia’s. We had a very nice, private room for the event where we were able to enjoy Caprese Skewers and Fried Calamari as appetizers, House Salad, as well as Four Cheese Ravioli, Beef Lasagna, and Penne with Vodka Sauce as entrees.

We began our presentations with Kevin Chavez who represents SC Distributors. Kevin is the Regional Vice President of SC Distributors. SC Distributors does just what their name says, they distribute. They distribute Carter Validus Mission Critical REIT II (CVMCII), Greenbacker Renewable Energy Fund, Sierra Income Fund, and TriLinc Global. Kevin brought Mrs. Gael Ragone, the Vice President of Carter Validus, so that she could present specifically on CVMCII.

Greenbacker Renewable Energy Fund is a non-traded, real estate investment trust (REIT). There is a purchase minimum of $2,000. The investment is 100% tax deferred. It has historically had an annualized distribution rate of 7.22%* which is paid to investors on a monthly basis. Investors can choose to participate in the distribution reinvestment plan (DRIP). The DRIP would buy more shares of the investment instead of sending cash to the owners. The DRIP allows you to buy the additional shares at a discount.

Sierra Income Fund is a non-traded, REIT. There is a purchase minimum of $2,000. It targets to return 9%* annually to investors on a monthly basis. Investors can choose to participate in the distribution reinvestment plan (DRIP). The DRIP would buy more shares of the investment instead of sending cash to the owners. The DRIP allows you to buy the additional shares at a discount.

TriLinc Global Impact Fund is a non-traded, REIT. There is a purchase minimum of $2,000. It has historically had an annualized distribution rate of 7%* which is paid to investors on a monthly basis. Investors can choose to participate in the distribution reinvestment plan (DRIP). The DRIP would buy more shares of the investment instead of sending cash to the owners. The DRIP allows you to buy the additional shares at a discount.

Gael began her presentation by making sure everyone knows that her job is to talk while people eat, so not to be shy! Carter Validus Mission Critical REIT II is a non-traded, REIT that specializes in Commercial Real Estate, Healthcare, and Data Centers. They believe Healthcare is one of the largest sectors of our economy and that it is recession resistant. There is a $2,000 purchase minimum with an annualized distribution of 6.4%* that is paid monthly. Investors can choose to participate in the distribution reinvestment plan (DRIP). The DRIP would buy more shares of the investment instead of sending cash to the owners. The DRIP allows you to buy the additional shares at a discount. The average hold for this investment is 5-7 years. This investment is expected to close at the end of this year.

MacKenzie Realty Capital was represented by Brooke Buckley the Senior Vice President of Capital Markets. MacKenzie buys real estate backed securities at discounts. This investment has the tax advantages of a REIT, but is classified as a Business Development Company (BDC).It has historically had an annualized distribution rate of 7%* which is paid to investors on a quarterly basis.  Last year (2015) they paid 9%. There is a $5,000 purchase minimum. Investors can choose to participate in the distribution reinvestment plan (DRIP). The DRIP would buy more shares of the investment instead of sending cash to the owners. The DRIP allows you to buy the additional shares at a 10% discount. The average hold for this investment is 5 years. This investment is expected to close at the end of the summer.

Moody National REIT II was represented by Mr. Paul Coffin. Moody is a Real Estate Management Firm. They focus on hospitality around major universities and airports. They also make sure to focus on ‘no frills’ hotels in large metropolitan areas. They cater to the business traveler. There is a $5,000 purchase minimum and it has historically had an annualized distribution rate of 7%* which is paid to investors on a monthly basis. Investors can choose to participate in the distribution reinvestment plan (DRIP). The DRIP would buy more shares of the investment instead of sending cash to the owners. The DRIP allows you to buy the additional shares at a 10% discount. The average hold for this investment is 3-4 years. This investment is expected to close one year from now (March 2017). They believe they can maintain the income stream even if the market prices aren’t favorable.

Kevin, Gael, Brooke, and Paul were all kind enough to work on their normal day off, Good Friday, to join us in Williamsburg for lunch. We dined on three courses at Opus 9 Steakhouse. The first was a choice of Soup du Jour or Salad; the second was a choice Jumbo Lump Crab Cake, Salmon, Grilled Hanger Steak, Filet Mignon, or Pasta with Pecorino Cream. Lastly, dessert. We enjoyed the choice of Old Fashioned Vanilla Ice Cream, NY Cheesecake, or Chocolate Torte.

Thank you for taking time out of your busy schedule to read this synopsis. We hope that it was a nice refresher for those of you who did attend and good overview for those who couldn’t.

All of the information provided above was given to us at our events on March 23rd and 24th, but it can also be found in each of the investments' most current prospectus. 

*Past performance is not an indication of future performance.