Holdun Fund Real Estate SP01 - Executive Summary Q4 2020 - Holdun

Holdun Funds Real Estate SP 01

Executive Summary Q4 2020

Q4 2020 Fund Update

As market uncertainty spreads as a result of CoVID-19, traditional assets have experienced unprecedented volatility. Despite this volatility, the Fund has not experienced any negative impact from the Coronavirus pandemic and anticipates that any future impact will be negligible.

Our tenants are currently near capacity across all Detox Centres, and there has been an uptick in demand for services since the pandemic began.

As ‘Essential Businesses’, all our tenants will remain in operation during the lockdown. As licensed healthcare facilities, our tenants can avail of federal funding, supplies, and additional staffing support.

  • Over Q4 2020 SP01 realized 100% rent collections from the four properties totalling $379,627.44.
  • The current valuation of SP01 as of December 31 2020 is $7,749,046.52. The Net Asset Value (“NAV”) as of December 31st 2020 is 10.56, representing a 0.2% return for the quarter and a 6.3% return YTD.
  • The SP01 anticipates a second quarterly distribution at the end of Q3 2020 of $0.05 per share.

Acquired Properties

 THE PROPERTY THE TENANT CAP RATE
3163 Canada Court, Lake Worth, Florida Recovery Unplugged Holdings, LLC 7.25%
3150 Prince Drive, Lake Worth, Florida Palm Royal Behavioral Health, LLC 7.50%
4461 Medical Center Way, West Palm Beach, Florida Holistix by the Sea, LLC 7.25%
900m 54th Street, West Palm Beach, Florida Allure Detox 7.25%
255 Wilson Pike Circle, Brentwood, TN Recovery Unplugged Holdings, LLC 7.50%

Pipeline

Over 2021, The Real Estate Partner and Investment Manager will work in conjunction to identify additional properties that meet the investment criteria while also finalising the purchase of 1401 N.W. 9th Ave, Boca Raton, FL

 THE PROPERTY THE TENANT CAP RATE
1401 N.W. 9th Ave, Boca Raton, FL Boca Detox, LLC 7.50%
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