The outstanding performance for Lexerd’s High Yield Fund I has surpassed S&P 500 returns and delivered not only a 2.27 times value appreciation of the initial investment, but also cumulative distributions of 62% since inception
The supply of new construction has experienced moderate decline in the past 3 years as measured by the new construction permits . Favorable employment and wage trends will yield to improved vacancy rates.
Lexerd’s average vacancy rates are well below current and forecasted national rates. While the average national vacancy rate is 6.1% Lexerd’s rate approaches 4.5% across all properties a testament of effective management of acquired properties.
The current US economic expansion will continue at least through the 2019 with an annual rate of 3.5% to 4% and absent global geopolitical crises, consumption and employment will be strong. All these considerations favor multifamily real estate.