FAQs Archive

Q: Is there an annual shareholder meeting?

Yes, we have an annual investor summit which we expect will occur virtually in the future.

Q: If my circumstances change, can I sell out to other investors?

We will work with you to find another investor to sell out to, but we do not advise either party as to price, terms, etc. You are responsible for arranging the deal between you and the buyer. We only prepare the documents for the transfer of interest. The buyer must be an accredited investor.

Q: Do you provide yearly FMV that I can submit to my IRA?

We can produce a statement upon request that will be uploaded to your portal, then you can send securely to your IRA platform.

Q: When and how do you make the decision to refinance or sell a property?

We constantly evaluate the markets in which we operate to determine when it’s best to refinance or sell. The five-year timeline is representative of what we expect. If market conditions change, we will make the appropriate decision at that time which may cause our hold period to be shorter or longer than the initial business plan intended.

Q: Will the preferred return be paid regardless of income? How often will it be paid?

The preferred return is accrued and paid only from the operating income. If operating income is insufficient to pay the preferred return, it is accrued and paid first when income is available. There is no distribution to the GP unless the LP is current on the preferred return payments.

Q: What is the estimated depreciation I can expect on my K-1?

There are many factors that affect the annual tax outcome, and we are not able to provide investors with individual estimates. An investor may consult with their CPA for an estimate using the deal Sources and Uses and Financial Projections provided in the Business Plan.

Q: Can I upload documents in my portal?

No. At this time there is no way to upload a document to your portal. If you need to share confidential documents, email investorrelations@mccompanies.com and they can help.