When does an investor start receiving the preferred return from the fund?
投资者何时开始从基金中获得优先回报？
An investor’s capital will be called once Smartland is ready to close on an asset. Once the capital is deployed, the preferred return will begin to accrue. Smartland aims to start distributing a preferred return for each new round of the fund within 90 days of deploying capital and acquiring an asset or when cashflow is available.
For example, an investor whose funds were deployed in July would expect to begin receiving their preferred return no later than the following October. This allows Smartland the time to acquire and stabilize the property.
一旦 Smartland 准备好关闭一项资产，投资者的资金将被调用。 一旦资金被部署，优先回报将开始累积。 Smartland 的目标是在部署资本和收购资产后或现金流可用时的 90 天内开始为每一轮新基金分配优先回报。
例如，一位在 7 月部署了资金的投资者预计最晚会在次年 10 月开始收到他们的优先回报。 这让 Smartland 有时间收购和稳定财产。