A full recording of JCR Capital’s 2017 Annual Investor Meeting can be viewed here.
This presentation for JCR Commercial Real Estate Private Fund Investors (“JCR Funds”) and any appendices or exhibits (the “Presentation”) have been prepared by JCR Capital Investment Corporation (“JCR”) for information purposes only and recipients of this Presentation may not reproduce, redistribute or pass on, in whole or in part, in writing or orally or in any other way or form, this Presentation or any of the information set out herein. By clicking on the above link, you are representing that you are an accredited investor as defined in Rule 501 of Regulation D of the Securities Act of 1933.
This Presentation does not constitute an offer to sell or a solicitation of an offer to purchase limited partnership interests in any security. Any prospective investor is advised to carefully review all of the private placement memorandum, limited partnership agreement and subscription documents (“Investor Documents”) and to consult their legal, financial and tax advisors prior to considering any investment in JCR’s funds. The materials contained in this Presentation contain a summary and overview of JCR, investment strategies and investment performance. This summary and overview does not purport to be complete and is qualified in its entirety by the information contained in the Investor Documents.
Past performance is not indicative of future returns or future JCR Fund results. Individual investment performance, examples provided and/or case studies are not indicative of overall returns of Fund I, Fund II or Fund III. In addition, there can be no guarantee of deal flow in the future. Some of the statements in this Presentation, including those using words such as “believes,” “expects,” “intends,” “estimates,” “projects,” “predicts,” “anticipates,” “plans,” “pro forma,” “projected” and “seeks” and other comparable or similar terms are forward-looking statements and statements such as “likes” or “hard to lose” and similar statements are opinions. Forward looking statements and opinions are not statements of historical fact and reflect JCR’s views and assumptions as of the date of the Presentation regarding future events and performance. Most of the statements relating to JCR Funds’ performance are forward-looking statements. All forward-looking statements address matters that involve risks and uncertainties. Accordingly, there are important factors that could cause JCR Funds’ actual results to differ materially from those indicated in these statements. JCR believes that these factors include, but are not limited to, those described in the “Risk Factors” section of JCR Funds’ confidential private placement memoranda.
Mr. Rollins’ statement regarding Fund II having a 136% return means the fund had returned 136% of invested capital to date on a gross basis. JCR Fund net IRR figures assume a typical investor with our best-estimated management fees, carried interest and fund expenses, using standard industry methods. Additional factors may affect net IRR on an investor-by-investor basis including, without limitation, timing of cash distributions and deployment for each investor and may not take into account all relevant performance factors such as real estate market risk, volatility and diversification. This summary cannot by itself guide you in making any investment decision. On an individual investment level we report only gross IRR and gross multiple due to the inherent difficulty in presenting net IRR on an investment level. Some investors may have an agreement with JCR reducing management fees and/or carried interest owed. Pro forma or projected IRR represents JCR’s informed estimate of investment IRR at underwriting. Investment “gain” or gross multiple herein represents the unannualized gain of a particular fund investment. Our belief that JCR has little to no competition in the middle market space is based on our experience in the market spanning 25 years.
AN INVESTMENT IN A JCR FUND INVOLVES RISK, AND NUMEROUS FACTORS COULD CAUSE THE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF FUND III TO BE MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS THAT MAY BE EXPRESSED OR IMPLIED BY STATEMENTS AND INFORMATION IN THIS PRESENTATION. SHOULD ONE OR MORE OF THESE RISKS OR UNCERTAINTIES MATERIALIZE, OR SHOULD UNDERLYING ASSUMPTIONS PROVE INCORRECT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THIS PRESENTATION.