We're pleased to announce the launch of UD+P's next fund, Tabor IV. The fund's initial closing is scheduled for April 1, 2018. Tabor IV will reflect the same structures you valued from our previous funds--investors as a top priority, no development fee or asset management fee, and a 7% preferred return. As with prior funds, Tabor IV will focus on quality development within close-in locations in Portland, Oregon. We added an important provision that addresses the work done to plan and entitle properties which often occurs during the "Open" phase of our funds, during which time we are accepting new capital commitments. Investors who come in during the initial closing will receive 7% annualized interest from later investors. The payment of this interest will enable all investors to be viewed as coming during the initial closing and will more equitably compensate early investors for their early participation.
Tabor IV already has two fantastic investment properties in the Central Eastside to be included within its portfolio and we seek to add 3 more investments depending on availability of qualified opportunities. We are offering our current investors access to the April 1, 2018 opening.
If you would like to learn more contact Theresa Nute by email at firstname.lastname@example.org or by phone at (425) 351-0935.