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.

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

1. a = sum of all distributions within the specified period
2. i = Investment Amount
3. 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

1. a = sum of all distributions within the specified period
2. i = Investment Amount
3. 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

1. a = sum of all distributions within the specified period
2. i = Investment Amount
3. 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

1. a = sum of all distributions within the specified period
2. i = Investment Amount
3. 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

Displays the class ownership.

Closing Date

Displays the estimated or actual closing date of the project.

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.

-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.

Displays the next distribution date defined on the equity class when a distribution is available.

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.

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.

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.

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