LAS VEGAS, July 7, 2016 /PRNewswire/ -- Crystal View Capital, a private investment partnership ("Crystal View Capital", "The Fund" or the "Company") announced last week that its Board of Directors has declared a quarterly cash dividend for the 2016 2nd quarter of 8 cents per share or 8% return per annum on the Company's class B Partnership units. Management has offered guidance that the company intends to make subsequent quarterly distributions in the 3rd and 4th quarters of 2016.
The Company also announced today that it has two additional acquisitions totaling $5,450,000 of Industrial/Self Storage properties in Northern California scheduled to close by Aug 20th 2016.
Matthew Ricciardella, Investor & Managing Partner, commented, "It is our goal and intent to compound the Fund's per share Net Asset Value (NAV) by at least 20% per year while distributing at least 8% on shareholder's equity. Our two scheduled acquisitions will bring in an additional $498,634 of Net Operating Income (Est.) and are representative of the company's disciplined investment approach whereby we buy assets for what they are not what they can be. The investment philosophy is simple and does not change – we concentrate our efforts on properties that have a durable competitive advantage to retain tenants, which are well located, and generate large amounts of free cash flow. Our portfolio consists of assets that produce a respectable cash flow stream. My job, in turn, is to allocate this capital into additional highly accretive acquisitions which will produce an even larger cash flow, and then repeat." Matthew Ricciardella has been involved in more than $100 Million of real estate transactions as a principal and currently has a significant portion of his personal net worth invested in Crystal View Capital.
About Crystal View Capital
Crystal View Capital is a fully integrated real estate investment partnership based in Las Vegas, NV that acquires, owns, and manages high quality mobile home communities, industrial/self storage, and office properties. The company currently has $21mm in assets under management (after scheduled acquisitions) located among some of the fastest-growing markets in the country, with highly educated workforces, and strong job growth. The Company's focus is to acquire under-performing properties at their current value and then "force" the appreciation by increasing rents and decreasing operating expenses, in effect maximizing the Net Operating Income (NOI). For additional information about Crystal View Capital and the company's portfolio, please visit www.crystalviewcapital.com.
Statements included herein that state the Company's or management's intentions, hopes, beliefs, expectations or predictions of the future are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, which by their nature, involve known and unknown risks and uncertainties. The Company's actual results, performance or achievements could differ materially from those expressed or implied by these statements.
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SOURCE Crystal View Capital