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Apolis

Deal: Oak Ridge Apartments, 200 units

Operating period as of Jan 2031, month 48 of the worked example. Pages before close run at the raise, in 2026.

Capital statement

Sample

Sample Family Office LLC, posted entries through January 6, 2031. Ownership 2.74% of the deal's equity.

Sample Family Office LLC does not exist. Every figure is the sample deal's own simulation; not a live statement.

Unreturned capital · as of January 6, 2031
$500,000.00
Preferred return accrued · to date
$165,708.51
Preferred return paid · to date
$35,944.41
Unpaid preferred return · as of January 6, 2031
$129,764.10

Unreturned capital is contributions less capital returned. The tax capital account on the K-1 differs: it also carries allocated income and losses, which Apolis does not prepare.

Commitment
$500,000.00
Contributed
$500,000.00
Unfunded commitment
$0.00
Distributed
$35,944.41
Ownership
2.74%

Inception to date, Jan 6, 2027 to Jan 6, 2031

Unreturned capital
Beginning balance$0.00
Contributions$500,000.00
Return of capital$0.00
Ending balance$500,000.00
Distributions, as the waterfall classifies them
Preferred return$35,944.41
Return of capital$0.00
Profit$0.00
Total distributions$35,944.41
Preferred return
Beginning unpaid$0.00
Accrued$165,708.51
Paid($35,944.41)
Ending unpaid$129,764.10
Distributions by source
Operations$35,944.41
Refinance proceeds$0.00
Sale proceeds$0.00
Return of unused capital$0.00
Total distributions$35,944.41

Value and returns to date

Estimated value of the interest
No current mark
The sponsor has not stated a value for this quarter.
IRR to date, cash flows only
-51.75%
From your dated contributions and distributions through January 6, 2031. Counts the interest you still hold at nothing, so it is not the projected return over the hold.
Multiple, realized to date
0.07x
Distributions received ($35,944.41) over contributions ($500,000.00). Not the projected multiple over the hold.

Preferred return: 8.00% a year on unreturned contributed capital, compounding annually, per the sample waterfall. Accrues from the date capital is funded and compounds annually. Unpaid preferred return rolls forward rather than lapsing, so a year without a distribution is deferred, not forgiven. Distributions are classified in the waterfall's order: preferred return first, then return of capital, then profit, for every source the sample terms name. Unreturned capital is contributions less capital returned, as the waterfall classifies each distribution; it never runs below zero. It ties to the ledger's unreturned capital, $500,000.00, to the cent.

Sample assumptionThe sample terms do not state these conventions. Day count: Actual/365 Fixed, contribution date through statement date inclusive. Compounding date: unpaid preferred return joins the accrual base at the close of each December 31. Rounding: each accrual between postings and compounding dates rounds once, half up, to the cent.

Posted entries

  • January 6, 2027
    $363,284.35
    Contribution
  • February 6, 2028
    $136,715.65
    Contribution
  • January 6, 2031
    $35,944.41
    Distribution

Tax documents

Every figure derives from the ledger on the capital account page; projected distributions are not part of a statement. Apolis records capital events; it does not move money, prepare tax documents, or provide investment advice.