A $10 million short-term rental fund targeting a 12.0% after-tax IRR through 100% bonus depreciation and disciplined portfolio construction across the Dallas–Fort Worth corridor.
Short-term rental supply growth has decelerated to 4.6% annually—down from 20%+ peak levels in 2021–2022—while occupancy rates recover to pre-pandemic norms. The STR Premium has reached its highest level since 2022.
The One Big Beautiful Bill Act of 2025 permanently restored 100% bonus depreciation, generating Year 1 tax benefits exceeding 12% of purchase price for investors in the 37% bracket. A $10M portfolio produces approximately $1.27M in first-year tax savings.
Founding investors gain access to enhanced economics, earlier deployment, and stronger alignment that subsequent LP classes cannot match.
Even our most conservative model — assuming 4.0% net yield and 2.0% annual appreciation — delivers a 7.8% after-tax IRR, substantially exceeding investment-grade bond yields. The base case targets 12.0% after-tax IRR over a 7-year hold with zero leverage during the construction phase.
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We offer introductory calls for qualified investors to discuss the fund structure, tax strategy, and current portfolio composition. All conversations are strictly confidential.