Convert an Active Fund to Completed Status

Three key steps to convert an active property to a sold property:

• Configure the Distributions Table (optional)
• Add the Distributions Made from a Sale (optional)
• Change the Property Status to Completed

Configure Your Distributions

When a fund is sold, you may have new distributions of different types for your investors.  For example, a distribution that is a profit or a return of capital that you didn't have before.  To accurately report this information to investors, you must ensure that your distributions are set up properly for the related property.  Read more on configuring distributions here.

Add the Distributions Made from the Sale

When a sale event occurs, typically you will have a cash distribution with two portions: Return of Capital and Profit Distribution. Once the distribution table has been configured correctly, you can refer to distributions from the sale event for details on how to process the distributions.

Change the Property Status to Completed

Finally, you will want the system to reflect the newly completed status so you will need to update the property status which is quite simple:

1. Navigate to the property page.
2. Click Edit Property Details.

3. Change the Property Status from Active to Completed.