Investor Reporting for Small Sponsors Every LP Sees Their Own Position
Underwrite the deal, run the GP/LP waterfall, record each distribution as you pay it, and give every limited partner a login that shows only their slice. Built for a syndication with four investors or forty, not for a fund administrator's budget.
From Underwriting to the Quarterly Distribution
One model carries the deal from the LOI to the last check.
Underwrite the deal
Rent roll, expenses, recoveries, debt, and reserves in a full proforma engine. The same numbers you used to buy the building become the baseline your investors are measured against.
Set the waterfall
Preferred return, GP catch-up, residual split, and IRR hurdles per property. Pool properties into a fund-level waterfall when the structure calls for it.
Add and invite investors
Enter each investor with their equity percentage and amount. Send an email invite. They create a Solsten login, accept the assignment, and see their portfolio.
Record distributions as you pay them
Log each distribution by investor, date, type, and period. The LP's history updates, and their projected remaining distributions recompute against the model.
What your limited partner sees
An investor logs in and lands on their own investments. No spreadsheet attachment, no quarterly PDF to build by hand.
- ✓Your Equity and ownership share of the deal
- ✓NOI share for the period, year to date and projected
- ✓Actual distributed to date, and projected remaining from the waterfall
- ✓LP IRR and equity multiple on their own cash flows
- ✓Distribution history by date, type, and period, newest first
Never in an LP response: GP fees, carry, acquisition costs, waterfall internals, or any other investor's numbers. The scoping is enforced on the server, not hidden in the browser.
You decide how much they see
Three disclosure levels per portfolio, and a preview of exactly what any investor will see before you send the invite.
Summary only
High-level KPIs plus a property list with their ownership and equity.
Line items
Adds per-property NOI share, occupancy, and cap rate.
Full
Adds the portfolio operating statement.
Projected and actual, from one model
Most investor portals display numbers the sponsor uploads. Solsten's projected distributions come out of the same waterfall engine that underwrote the deal, and the actuals you record sit next to them. When rent, expenses, or the loan change, the projection changes with them, and every investor's projected remaining distributions follow.
That is the difference between a portal and a model. A portal tells an LP what you paid them. A model tells them what you paid them, what the deal still owes them, and why.
What Solsten does not do
Honest scope, so you can decide quickly.
No money movement
Solsten records the distribution you paid. It does not execute wires or capital calls.
No subscription documents
No e-sign, accreditation, or AML workflow. Your attorney and your fund administrator keep those.
No tax documents
No K-1 delivery. Solsten is the underwriting and reporting layer, not the back office.
Investor Reporting FAQ
Do my investors have to pay for Solsten?
No. An investor login is viewer access to the portfolios you assign them. It is not an editor seat and it does not count against your plan limits. Investors see only the portfolios they are assigned to.
Can one investor see what another investor receives?
No. The investor view is scoped to the requesting investor on the server, not hidden in the browser. Each LP sees their own equity, their own distribution history, and their own projected returns. GP fees, carry, acquisition costs, and waterfall internals are never included in an LP response.
Does Solsten send wires, capital calls, or K-1s?
No. Solsten records the distributions you pay and shows each investor their position against the underwriting. It does not move money, collect subscription documents, or deliver tax documents. If you use a fund administrator for those, Solsten sits beside it.
Can I run both a deal-level and a fund-level waterfall?
Yes. Each property carries its own GP/LP waterfall with a preferred return, GP catch-up, and residual split. A portfolio can also pool every property into a single fund-level waterfall with its own preferred return rate and method.
Which plan includes investor reporting?
Portfolios and investor logins are included from the Starter plan ($99/month, 1 portfolio) and the Professional plan ($179/month, 3 portfolios). Waterfall modeling is included on both.
Give Your Investors a Login, Not a Spreadsheet
Underwriting, waterfall, distributions, and an investor view in one place. Start on the free plan, move to Starter when the deal closes and you need a portfolio.
No credit card required. Instant access.