Sortis

Sortis sponsors three disclosed vehicles: the $150 million Sortis Income Fund, an unleveraged evergreen fund acquiring senior loans secured by Western US real estate; the Sortis REIT, a non-traded perpetual REIT focused on core and core-plus properties; and the Sortis Opportunity Zone Fund I, created to invest realized capital gains into qualified projects following the 2017 Tax Cuts and Jobs Act. All are offered to accredited investors through Regulation D private placements.

Returns originate from two primary streams. The Sortis Income Fund targets yield via senior secured real estate loans without fund-level leverage, reporting a 10%-plus lifetime net yield to investors over more than five years. The REIT and Opportunity Zone vehicles pursue income and appreciation through equity ownership of properties in Oregon, Washington, and other Western US markets, with individual deals like the Salem Burgerville property syndicated for immediate cash flow at a 5.3% cap rate.

Sortis concentrates on the Western US, with an explicit focus on the Pacific Northwest — Oregon and Washington. Property types span QSR retail (the Burgerville store in Salem), mixed-use development, affordable housing, and other real estate categories that fit within the REIT, Income Fund, and Opportunity Zone mandates.

Sortis is a Portland-based asset manager sponsoring multiple pooled real estate vehicles, but it discloses no named principals, founders, or key investment professionals on its public website. The firm's materials reference a team with real estate and banking expertise, though specific decision-makers and governance structures remain unpublished as of the latest available information.

The Sortis Opportunity Zone Fund I is a tax-reduction vehicle designed to let investors deploy realized capital gains into real estate projects and businesses located in qualified Opportunity Zones, as defined by the 2017 Tax Cuts and Jobs Act. Sortis modeled this fund after its earlier private lending fund footprint, keeping the investment focus on the Western US with a Northwest emphasis. It operates alongside — and separate from — the Income Fund and the REIT.

Sortis explicitly markets the Sortis Income Fund as unleveraged. The firm's other vehicles — the REIT and the Opportunity Zone Fund — are equity-focused real estate structures, and the firm has not publicly disclosed property-level or fund-level leverage policies for those vehicles.

Sortis raises capital exclusively from accredited investors through private placements under Regulation D. The firm uses non-traded perpetual structures for both the REIT and the Income Fund, meaning shares are not listed on public exchanges and redemption terms are likely limited. Specific minimum investment amounts are not disclosed on the public website.