Offering Preferences
*Please note - this article contains information about the New Investor Portal experience.
Sponsors can pick and choose which Investment Metrics will be shown on the Investor Portal under the My Investments, Open Investments and Closed Investments tabs.
To choose which investment metrics to display, go to Investor Settings > Offering Preferences. These metrics are configured at the project level, not per individual class, and are set based on project status (Investing, Invested, Liquidated, or Syndicating).
Offering Tile Defaults are metrics that display on Investor Dashboards (as pictured in the image at the beginning of the article) and are set in the left column (as pictured below).
Offering Page Defaults are metrics that display on the expanded offering page when an investor selects 'View More Details' on the Offering Tile, and these metrics are set on the right column of the Offering Preference Page. If the investor has placed investments in multiple classes, they will get information on both classes. Note: It is a good idea to choose universal metrics that apply to the majority of your deals. If you choose to display a metric and no information is available for that class, the metric will display with a -- through it, as pictured below.
To rename any metrics, go to Investor Settings > Investment Metrics and select the pencil icon next to the metric. Be sure to click Save at the bottom right of the page when changes are complete.
Below is a list of Investment Metrics available along with descriptions and associated calculations, where applicable.
Accrued and Unpaid Preferred Returns
Displays the accrued and unpaid preferred returns for the time period selected. It will take your date preferences under Investor Settings > Waterfall/Distributions into consideration.
Acquisition Price
Displays the price paid to acquire the asset. This is a numerical field manually entered on the Asset details page.
Allocated Net Asset Value
Displays the Fund Net Asset Value or Property Net Asset Value as applicable times an Investor's ownership % in the Fund/Entity.
Allocated Net Asset Value per Share
Represents the Fund Net Asset Value or Property Net Asset Value as applicable divided by the number of shares the investor owns in the Fund/Entity.
Calculation: Allocated Net Asset Value / # of shares owned
Allocated Residual Value
This is the Residual Value on a given Class found on the Edit Classes page multiplied by the Investors Ownership % of the Class.
Amount Invested
Displays the Amount Invested by the investment entity.
Annualized Cash on Cash
Displays the return metric calculated as current distributions annualized by the initial equity investment. Users can select the following Ending Dates: Last distribution Period End Date, Last distribution Pay Date, Prior Quarter End, Prior Month End, Prior Business Day (excludes Saturday and Sunday). Users can also choose to exclude specific distribution types as well as exclude Return of Capital distributions.
Inception to Date Calculation: ((a)/(i)) x (365/L) x 100
- a = sum of all distributions within the specified period
- i = Investment Amount
- L = DE-DS (+1)
A. DE = user selected end date
B. DS = Investment date
C. (+1) = system will add 1 day if the DE or DS value falls on the first or last day of the month
EXAMPLE:
DS = 01/25/2017
DE = 03/31/2019
L = 796
a = 87,500
i = 100,000
Result = ((87,500)/(100,000)) x (365/796) x 100 = 40.12%
Year to Date Calculation: ((a)/(i)) x (365/L) x 100
- a = sum of all distributions within the specified period
- i = Investment Amount
- L = DE-DS + 1
A. DE = user selected end date
B. DS = based on DE selection, 01/01/yyyy
EXAMPLE:
DS = 01/01/2019
DE = 03/31/2019
L = 90
a = 10,000
i = 100,000
Result = ((10,000)/(100,000)) x (365/90) x 100 = 40.56%
Trailing 3 Months Calculation: ((a)/(i)) x (365/L) x 100
- a = sum of all distributions within the specified period
- i = Investment Amount
- L = DE-DS (+1)
A. DE = user selected end date
B. DS = based on DE selection, 3 month look back
C. (+1) = system will add 1 day if the DE or DS value falls on the first or last day of the month
EXAMPLE:
DS = 01/01/2019
DE = 03/31/2019
L = 90
a = 10,000
i = 100,000
Result = ((10,000)/(100,000)) x (365/90) x 100 = 40.56%
Trailing 12 Month Calculation: ((a)/(i)) x (365/L) x 100
- a = sum of all distributions within the specified period
- i = Investment Amount
- L = DE-DS
A. DE = user selected end date
B. DS = based on DE selection, 365 day look back
EXAMPLE:
DS = 03/31/2018
DE = 03/31/2019
L = 365
a = 47,500
i = 100,000
Result = ((47,500)/(100,000)) x (365/365) x 100 = 47.5%
Annualized Rate of Return
Displays the most recent distribution period excluding Return of Capital distributions.
Calculation: ((a-b)/(i-c))*(365/L)*100
ds = Based on today's date, the start date of the period that the last distribution was distributed
de = Based on today's date, the end date of the period that the last distribution was distributed
a = Sum of all distributions within the specified period
b = Sum of Return of Capital distributions within the specified period
c = Sum of all Return of Capital distributions
i = Investment amount
L = de – ds
Average Share Price
Displays the calculation of the (Sum of all Invested Capital)/(Sum of all Shares).
Cash on Cash
Displays the return metric calculated as distributions to date divided by the initial equity investment. Users can choose to exclude distribution types as well as exclude Return of Capital distributions. Users can also choose to use the Original Investment Amount or the Current Capital Balance in the calculation.
Calculation: (Sum of Distributions) / (Investment Amount) * 100
Class Ownership
Displays the class ownership.
Closing Date
Displays the estimated or actual closing date of the project.
Committed
Displays the funded amount out of the committed amount.
Current Quarter Distributions
Displays the sum of distributions made in the 90-day period preceding the last distribution period end date.
Date Invested
Displays the date an investment was made in a specific project.
Distributions to Date
Displays a sum of all distributions to date for the investment into an individual project.
Entity Ownership
Displays the percentage of ownership for a given project by a specific investor profile. Investment amount and project ownership structure definition must be complete for this field to display.
Estimated Disposition Date
Displays approximate date the asset is expected to be sold or liquidated.
Estimated Equity Multiple
Displays the Estimated Equity Multiple for a Class (entered manually on the Edit Classes page).
Estimated Internal Rate of Return
Displays the estimated Internal Rate of Return for a project (entered manually on the Edit Classes page).
Exit Date
Displays the exit date of the project.
Fund Details
Displays a link where Fund Investors can see the specific assets the Fund has invested.
-Distributions: Shows the cumulative distributions paid to date by the investment.
-Expected Term: Displays the approximate term for the fund.
-Fund Hold Period: Shows the anticipated term for assets within the fund.
-Fund Image: Displays image uploaded to help identify a given fund.
-Net Asset Value: Displays the estimated net asset value of the fund.
-Target Amount: Displays the target amount you wish to raise for a given fund.
The inputs are found on the Asset details page.
Inception to Date Rate of Return
Displays the percentage rate earned on each dollar invested for the life of the project.
Calculation: ((a-b)/(i-c))*(365/L)*100
ds = Closing date of project
de = Date of last distribution
a = Sum of all distributions within the specified period
b = Sum of Return of Capital distributions within the specified period
c = Sum of all Return of Capital distributions
i = Investment amount
L = de – ds
Internal Rate of Return
Displays the calculated internal rate of return for a project. This is a calculated field based on XIRR.
Last Distribution Amount
Displays the sum of distributions made in the last distribution period.
Last Distribution Period End Date
Displays the most recent distribution period end date.
Last Distribution Send Date
Displays the most recent distribution send date.
Maximum Payment
Displays the Maximum Payment (entered manually on the Edit Classes page).
Minimum Payment
Displays the Minimum Payment (entered manually on the Edit Classes page).
Next Distribution Date
Displays the next distribution date defined on the equity class when a distribution is available.
Outstanding
Displays the outstanding commitment amount.
Preferred Return
Displays the preferred return percentage, if defined on the equity class.
Projected Internal Rate of Return
Displays the projected Internal Rate of Return for each investors investment (calculated on the Projections tab).
Property Value
Displays the fair market value of a given piece of property. This is a manual entry for each project.
Rate of Return
While this will eventually be a calculated field, this field currently will display the Internal Rate of Return when defined on the equity class. We have scheduled development for a future date which will incorporate our client feedback, as Rate of Return is calculated differently across industries.
Received Date
Displays the date the investment funds were received.
Remaining Investment Term
Displays the remaining time in months between the Closing Date and Exit Date if defined in the project attributes.
Reporting for Period Ending ___
Informs investors that the metrics displayed are for the last period's distribution end date.
Residual Value
Displays the Residual Value for a given class (entered manually on the Edit Classes page).
Return Multiple
Displays the calculation (Sum of Distributions) / (Investment Amount)
Return of Capital
Displays a sum of all “Return of Capital” type distributions.
Shares
If issued, display a sum of all shares from all contributions.
Target Amount
Displays the Target Amount you wish to raise (entered manually on the Edit Classes page).
Total Return on Investment
Displays the calculation (Total Distributions – Return of Capital) / Investment Amount.
Unreturned Contributions
Displays the calculation (Investment amount – sum of “Return of Capital” type distributions).
YTD Return of Capital
Displays the year to date "Return of Capital" type distributions.
Custom Metrics
For information on custom metrics, please click here