Cardone Capital

Invested in the Fund IV fund back in 2019 and monthly distributions have been distributed every single month since then. I think the current value of the funds can be more clearly communicated but other than that has protected investors funds with good operations and fixed rate debt. Not sure how all the other funds have been performing but I'm hoping the best.

I invested in Cardone Equity Fund 20, a single-asset core deal: 10X Miami River, a 346-unit luxury midrise on the Miami River built in 2020. The fund underwrote $46.4M in equity, a 10-year hold with a Year 3 cash-out refi, and a net IRR target of 14.3%. The property was 98% occupied at acquisition — this was not a value-add play, it was a core hold in one of the strongest rental markets in the country. Before investing, I spoke with the Cardone Capital team, reviewed the investment memorandum in detail (unit mix, debt structure, 10-year cash flow model), and spoke with other LPs who had invested in earlier Cardone funds. The IM was thorough — it showed the full unit mix (49 studios, 172 one-beds, 96 two-beds, 29 three-beds), average in-place rents of $2,168 vs. market rents of $2,671, and a clear path to rent growth. The deal has been on target. Distributions come like clockwork. The communication is comprehensive — you get regular updates on property performance, financials, and market conditions. I feel good about this investment and about investing with Grant Cardone's team. The asset management fee is $463,800/year (roughly 1% of equity), which is reasonable for the quality of execution. One thing worth noting: the deal used floating rate debt with an interest rate cap purchased in Year 1. In this rate environment, that's a risk factor. However, the Miami River submarket (proximity to Brickell, Downtown, Jackson Memorial / Health District with 50,000+ employees) provides demand that has held up. For other LPs considering Cardone: The brand gets a lot of social media attention, which makes some people skeptical. I'd encourage you to look past the marketing and evaluate the actual deal structure. This was a well-located, newly built core asset with strong occupancy and a clear business plan. The execution has matched the pitch.