BENA Capital Mosaic Fund is very pleased to publicly announce the successful sale of 652 Vancouver Rd SE, Rio Rancho, NM. We purchased the property in April 2019 due to it being in the center of one of the fastest expanding cities in New Mexico and having a thriving economic hub supported by a diverse mix of industries. We sold the asset last quarter and the sale price represented a 90.7% price increase in just over three years. Despite the challenges with COVID over the past two years, the property provided strong cash flows and exceptional price appreciation.

Sell discipline is one of the core components of BENA Capital’s conservative capital strategy and risk-management framework. We continually monitor each market where we have investment properties, and the Rio Rancho, NM market represented a peak selling opportunity. It had exhibited several months of aggressive bidding and strong price appreciation. Meanwhile, at the national level, the number of homes listed for sale recently saw its first annual uptick since 2019 meaning that for the first time in 3 years supply showed an increase. Borrowing rates have also been trending up, and if they keep climbing, that can sideline buyers and start to create downward pressure on real estate prices. Based on our analysis, and engagements with our local broker network, we determined that it was a prime opportunity to capitalize on the built-in gains.

We are proud of our track‐record of capturing premium returns for our investors.