CEO UPDATE: DECEMBER 2019
Time is so precious!
We live in a world consumed with daily responsibilities and crazy schedules. Making time for ourselves is hard enough but prioritizing our future is often one step too far, and we just don’t get to do what is most important.
To all our new and existing investors around the world, we are truly appreciative that you found precious time this year, to learn about OrbVest, to understand why investing in medical real estate in the USA is so stable, compared to other asset classes, and ultimately to trust us with your hard earned money. We will do our part to ensure we continue to deliver solid long-term growth and wealth creation.
OrbVest has experienced a superb year characterized by growth in equity raised, deals acquired, new countries launched and most importantly, growth in our valued client base from around the world.
From a portfolio perspective, our real estate portfolio now exceeds $300m and continues to deliver around 8% cash on cash returns, which we pay out quarterly. Our recent exits from Medical 1 and Medical 2 also reinforce our model and in both instances the capital growth on exit that we distribute to investors will deliver an IRR in excess of 10%.
Most encouraging, has been the growth in the diversification of our investors, who repeatedly invested into each of our projects and now enjoy a diversified real estate portfolio of more than 10 buildings including diversification across different states.
Thanks to you, we are establishing a solid reputation in the USA and always manage to close on any building that we commit to, putting us in a stronger position to find valuable opportunities for us to acquire and offer to you in the following months and years.
Demand for our opportunities over the last quarter has been astounding, and not only did we close Old Milton Medical 25, but we successfully listed it on the MERJ exchange on the 6th of December. For the first time we loaded two new offerings at the same time onto the www.orbvest.com platform, Atlanta Portfolio Medical 24 and Two Forest Plaza Medical 26. Both are very close to fully subscribed, and certainly will be before the end of January.
Conversations about OrbVest have been heard loudly across the financial sector in our largest country, South Africa. Led by an advertising campaign we have been interviewed or spoken about on almost all the leading financial media, some of which we have included for your interest in links below.
Lastly, as the days evaporate and the clock counts down on 2019, we get to spend quality time with friends and family doing what really matters. On behalf of the entire OrbVest family, we thank you for your continued support and wish you and your family’s happy holidays, blessed and peaceful year-end and New Year.