Track Record
Over the last 16 years, $1.3 billion of equity has been invested in 91 deals generating total distributions (return of capital and dividend) in excess of $1.2 billion. The current ColRich portfolio includes $1 billion of initial equity invested in 81 deals; $860 million of capital has been returned through tax-efficient financing events.
Current annual projected cashflow distributions for 2024 of $61.3 million reflect an estimated 5.2% Cash on Cash (CoC) on original equity invested and 7.6% on outstanding equity invested. For investments purchased prior to 2020 (where ColRich has had time to execute on its business plan), CoC on outstanding equity averages 12.6%. For the 20 investments that have been sold, ColRich has averaged a 26% IRR and a 2.8x equity multiple.
Property prior to renovation.
Acquired: 2020
Equity Invested: $27.2 million
Total Distributions: $16.1 million
Increase in NOI: NA
Property prior to renovation.
Acquired: 2016
Equity Invested: $19.8 million
Total Distributions: $41 million
Increase in NOI: 58%
Property prior to renovation.
Acquired: 2017
Equity Invested: $13.2 million
Total Distributions: $14.1 million
Increase in NOI: 92%
