Dear Investors,
As we close out 2024 and share your year-end K-1 and investor statement, I want to thank you for being part of MTMA’s launch year.
2024 Summary
- We raised $1.5 million in investor equity and applied a conservative year-end fund valuation of $1.5 million, based on contributed capital to avoid overstating NAV.
- We acquired 24 properties, including 5 multifamily units. We are actively rehabbing these assets, and many units are stabilizing as we speak.
- We raised $2.5 million in debt to support acquisitions and operational liquidity.
- We originated a $250,000 secured loan against a $1 million asset.
- Even though acquisitions and stabilizations were actively underway, investors will see a conservative valuation on their statements — we chose not to re-evaluate the portfolio in order to minimize management fees before stabilization.
- Your K-1 reflects tax deductions proportional to your investment, designed to offset other income and reduce your overall tax liability.
Looking Ahead
- In early 2025, we began brokering a $4 million secured lending opportunity that will generate margin income for the fund.
- Starting next quarter, investors will begin seeing their acquisitions and position-level updates reflected in the investor portal, with real-time visibility into fund activity as the portfolio continues to stabilize.
We are proud of the strong momentum we’ve built in 2024, and we’re deeply grateful to you for making this successful launch possible. Thank you for your continued support — we look forward to building together in the years ahead.
Warm regards,
Todd Silver, Mousa Ahmad, Michiko Nakayama
Mutual Trust Management Advisors LP