The Cloverleaf Group has successfully purchased over 50 projects and sold 41 of them. Details indicating pre–tax and after-tax Internal Rates of Return (IRR)*, as well as the duration of the project are below. Please note that this is for sold projects only, and prior performance is not an indicator of future results.
*Prior to the Tax Reform Act of 1986, real estate investments produced significant tax benefits, resulting in higher after-tax IRR’s.
This is a continuation of the results of sold Cloverleaf projects . Please note that prior performance is not an indicator of future results.
| Property | Pre Tax IRR | After Tax IRR* | Duration of Partnership (Yrs) | ||
|---|---|---|---|---|---|
| 1. | Model Home Deals | ||||
| A. | Mira Homes | 10.03 | 35% | 3-1/2 (11/82-07/86) | |
| B. | Sun Brisas | 11.83% | 29% | 4 (12/82-12/86) | |
| C. | MV Homes | 66.74% | 70% | 1/2 (04/83-01/84) | |
| D. | Palm Dale | 7.5% | 30% | 3 (04/84-04/87) | |
| E. | Warner Bay | 44.78% | 56% | 1-1/2 (10/85-12/86) | |
| F. | Heather Ridge | 12.99% | 45% | 1-1/2 (04/85-12/86) | |
| 2. | Gold Canyon | 0% | 10%+ | 2-1/2 (10/83-07/86) | |
| 3. | Southeast | 60.52% | 50%+ | 2-1/2 (07/82-03/85) | |
| 4. | 5005 Newport1 | 0% | 0% | 2-1/2 (11/85-08/88) | |
| 5. | Pine Court | 18.03% | 15% | 3-1/2 (09/86-05/90) | |
| 6. | Surburban Plaza | 17.91% | 28% | 6-1/2 (02/84-04/90) | |
| 7. | Village Plaza | 19.97% | 30% | 3 (01/85-12/87) | |
| 8. | Barrington | 15.85% | 11% | 5-1/2 (12/88-04/94) | |
| 9. | West Bend2 | 0% | 0% | 7-1/2 (10/86-04/94) | |
| 10. | Casas3 | 0% | 0% | 11 (11/84-01/95) | |
| 11. | Tin Cup Pass | 2.20% | 2.1% | 8 (05/87-06/95) | |
| 12. | Geneva Acres | 5.51% | 5% | 8 (03/88-02/96) | |
| 13. | Salem Square | 10.00% | 12.0% | 11-1/2 (06/85-08/96) | |
| 14. | Addison Industrial | 26.60% | 19.7% | 2-1/2 (07/94-12/96) | |
| 15. | Elk Grove Industrial4 | 0.28% | 0% | 7-1/2 (10/89-12/96) | |
| 16. | BV Properties | 17.01% | 15.88% | 10-1/2 (10/96-05/97) | |
| 17. | Entry Drive | 18.06% | 13.5% | 4-1/2 (04/93-09/97) | |
| 18. | Delany Road Apts | 4.37% | 4.11% | 7-1/2 (09/90-02/98) | |
| 19. | Streamwood | 0% | 0% | 9-1/2 (09/88-03/98) | |
| 20. | FPM | 22.6% | 17.6% | 6-1/2 (06/92-09/98) | |
| 21. | Lake Zurich Land | 6.45% | 5.34% | 8-1/2 (06/90-03/99) | |
| 22. | Mor-Com | (1.31%) | (.84%) | 11-1/2 (12/87-07/99) | |
| 23. | Northbrook | (.694%) | (.182%) | 11 (08/88-07/99) | |
| 24. | Richmond Land | 6.33% | 4.98% | 10 (12/89-10/99) | |
| 25. | Deer Park Land | 6.84% | 6.17% | 11 (09/89-09/00) | |
| 26. | Libertyville Land | 13.0% | 11.0% | 7-1/2 (02/93-10/00) | |
| 27. | HPS Limited Partnership | 26.15% | 21.65% | 3-1/2 (11/97-07/01) | |
| 28. | Auto-Tire Center, Ltd. | 4.52% | 4.17% | 15-1/4 (05/87-08/02) | |
| 29. | Itasca Limited Partnership | 16.89% | 13.99% | 6-3/4 (12/95-08/02) | |
| 30. | 9600 Oak Lawn LLC (Fund I) | 10.51% | TBD | 4 (12/98-1/03) | |
| 31. | Route 14 LLC | 24.84% | 19.36% | 3-1/2 (6/98-1/03) | |
| 32. | Arlington Business Center (Fund II) | 21.85% | TBD | 7 (12/00-11/06) | |
| 33. | Shure Limited Partnership | 14.97% | 11.15% | 5-1/2 (9/97-6/03) | |
| 34. | Gross Point LLC (Fund I) | 10.51% | TBD | 4 (12/99-11/03) | |
| 35. | NYS LLC (Fund II) | 21.85% | TBD | 1-1/4 (7/02-11/03) | |
| 36. | Four Corners Limited Partnership | 12.73% | TBD | 10-1/3 (1/97-5/07) | |
| 37. | Itasca Limited Partnership | 13.29% | TBD | 1-3/4 (12/03-02/05) | |
| 38. | Cog Circle (Fund II) | 21.85% | TBD | 2-1/2 (11/02-1/05) | |
| 39. | Tristate (Fund I) | 10.51% | TBD | 4-1/2 (7/00-2/05) | |
| 40. | Matt Square (Fund I) | 10.51% | TBD | 2-1/4 (9/03-12/06) | |
| 41. | Plaza Falls (Fund III) | TBD | TBD | 2-1/2 (6/04-1/07) | |
| 42. | 1810 LLC (Fund II) | 21.85% | TBD | 4 (7/03-6/07) | |
| 43. | Eastwood Center LLC (Fund III) | TBD | TBD | (12/04- | |
| 44. | Delavan Pointe LLC (Fund III) | TBD | TBD | (2/05- | |
| 45. | Essub LLC (Fund III) | TBD | TBD | (8/05- | |
| 46. | 8600 Brown Deer LLC (Fund III) | TBD | TBD | (6/06- | |
| 47. | Michigan Avenue 174 LLC (Fund IV) | TBD | TBD | (2/07- | |
| 48. | Glendale Business Center LLC (Fund III) | TBD | TBD | (6/07- | |
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1 Lost approximately $1,800,000 or $45,000 per unit. 2 Lost approximately $785,000 or $19,625 per unit. 3 Lost approximately $29,260 or $2,660 per unit. 4 Lost approximately $100,000 or $2,000 per unit. | |||||