Sortis Income Fund Closes Year With 12th Consecutive Quarter of Solid Returns

PORTLAND, Ore.--()--Sortis Income Fund LLC announced a 10.2% net annualized return to its investors for the fourth quarter of 2019, and a 10.7% net annualized return for 2019. The Sortis Income Fund, a real estate mortgage fund that holds short-term notes collateralized by real estate, is managed by Sortis Holdings Inc. (SOHI).

The fund returned 12.2% to investors on an annualized basis in 2017, and 11.1% on an annualized basis for 2018, exceeding the fund’s 10% target return for investors. The fund is accessible via the major national investment platforms or directly from Sortis Holdings at www.sortisholdings.com/funds.

“While our focus will always be on principal protection for our investors, we’re pleased to deliver the 12th consecutive quarter of annualized yields above 10%,” said Jef Baker, Sortis Income Fund managing director. “Investor interest in the fund, which more than tripled in size in 2019, continues to grow. The fact that the fund is unlevered, combined with the high quality of the loans in the portfolio, is very appealing to investors.”

The Sortis Income Fund LLC is an unlevered real estate note fund that allows quarterly distributions or reinvestment at investor discretion. Liquidity is also available after an initial six months, subject to short-term loan maturities in the fund’s portfolio. Sortis recently extended its family of funds into the real estate equity world with the launch of a $100 million Opportunity Zone Fund.

About Sortis Income Fund LLC

Sortis Income Fund is an evergreen real estate loan fund offered through private placement to accredited investors. The fund is managed by Sortis Holdings Inc. and its wholly owned subsidiary Sortis Financial Inc. The fund has a conservative focus on holding real estate loans. Sortis, with deep roots in the Northwest, has developed a broad network over many years in banking and finance and has earned a reputation as a high-quality private lender that can execute efficiently.

About Sortis Holdings

Sortis Holdings is an investment firm with a primary focus on real estate, both as a lender and as a direct investor. From its origins as a bank holding company, Sortis has evolved into a diversified firm that both lends and opportunistically invests in real estate, with a focus on the Western U.S. Since real estate and financial markets are constantly evolving, the firm’s ability to move between asset classes and positions in the capital stack makes it nimbler than its competitors. For example, Sortis has launched an Opportunity Zone Fund focused on Northwest real estate projects, created to take advantage of a provision in the Tax Cuts and Jobs Act, which allows accredited investors to benefit from one of the best capital gains tax reduction programs in a generation. Operating under the principles of client focus, integrity, hard work and creativity, Sortis Holdings provides its accredited investors with well-managed, diverse asset-based investment strategies. Learn more at SortisHoldings.com.

Contacts

Lisa Heathman, (503) 546-7871

Release Summary

Sortis Income Fund announced a 10.2% net annualized return to its investors for the fourth quarter of 2019 and a 10.7% net annualized return for 2019.

Contacts

Lisa Heathman, (503) 546-7871