l Lord III and his team at the Lexerd Capital Management has delivered outstanding returns for the first High Yield Capital Fund I. Since 2011, the fund has invested $6.26Million in income producing multifamily assets and as of March 31, 2018 the fund has made 62%cumulative distributions to investors. Moreover, since inception the value of the fund has appreciated by 2.27 time the initial fund investment (227%). Taken together the total implied return for the initial investment produced 289% returns while the S&P500 during the same period had a return of 120.3%.
Multiple Calculation for LCM High Yield Fund I
(as of March 31, 2018)
|Value of Assets||$59,821,263.00|
|Net Fund Value||14,226,353.00|
|Annual fund distribution||8%|