Newsletter | Summer 2025
Welcome to the Summer Edition of your Turbine Capital Newsletter!
While the sun is out and many of you are enjoying family vacations, the Turbine Capital team has been hard at work, advancing various initiatives, conducting due diligence, and securing new opportunities for the months ahead.
In this edition, you will find updates on active deals, a breakdown of the new Big Beautiful Bill and what it means for your investments, a look at what is on the horizon, and reminders for upcoming events.
Grab a cold drink, enjoy the sunshine, and take a few minutes to get caught up on the latest news and opportunities at Turbine Capital.
In July, the Big Beautiful Bill was signed into law, reshaping the tax landscape for real estate investors.
The headline change is the reinstatement and permanent extension of 100% bonus depreciation for qualifying property placed in service after January 19, 2025.
This is a game-changer for investors in funds like our Sunrise Infinity Fund, where cost segregation studies can unlock substantial first-year paper losses. These deductions can help offset passive income and improve after-tax cash flow from day one.
Key provisions for real estate investors include:
100% Bonus Depreciation – Deduct the full cost of short-lived assets like flooring, lighting, HVAC, and site improvements in year one.
§179D Deduction – Up to $5.81 per square foot for qualifying energy-efficient commercial construction or renovation, available only for properties built before June 30, 2026.
§45L Credit – Up to $5,000 per qualifying residential unit that meets DOE Zero Energy Ready standards.
Qualified Production Property (QPP) – Special bonus depreciation for facilities used in manufacturing, processing, or refining, with certain tax recapture exemptions after 10 years.
Preserved Incentives – 1031 exchanges, interest expense deductions, and other investor-friendly provisions remain intact.
Key takeaway: Expect larger passive losses on your real estate K-1's for 2025. The bill is retroactive to January 26th 2025, so any asset purchased after that date qualifies for 100% bonus depreciation.
The only glaring drawback?: Depreciation recapture is now taxed at ordinary income tax rates, rather than the previous 25%, making forward-looking tax planning even more important.
Current Offerings
Houston Storage Portfolio – Exclusive Passive Income Pilots Share Class
Seven institutional-quality self-storage facilities located in top-performing Houston submarkets such as Katy, Sugar Land, and Champion Forest.
Investment Highlights:
6 year projected hold time
Upside from transitioning assets from mom-and-pop management to REIT partnerships (CubeSmart and Extra Space)
Subscription deadline on August 15th (funding is acceptable after the deadline)
Business Plan: Transition to REIT management, optimize pricing, reduce expenses, and execute targeted capital improvements to maximize NOI before an anticipated sale to a REIT buyer already active in the market.
Sunrise Infinity Fund
A perpetual, diversified fund that invests in high-quality mobile home park and parking facility assets with a focus on tax efficiency and consistent cash flow. The Fund benefits directly from the Big Beautiful Bill through bonus depreciation and cost segregation.
Investment Highlights:
Diversified across geographies and asset types to reduce risk
Currently distributing ~7% annualized
Estimated 70% passive depreciation loss in 2025 (which will not have to be recaptured since the assets are not planned to be sold)
Return of capital through cash-out refi in years 5-7 (non-taxable)
Subscription deadline September 30th
Business Plan: Acquire, optimize and operate stable, cash-flowing assets, and return capital through refinance rather than sale, creating a perpetual compounding effect for investors seeking steady, long-term passive income..
Private Credit Fund
Designed for investors seeking steady, predictable income through collateral-backed lending. The Fund originates and participates in loans secured by real estate and other tangible assets, offering returns with low correlation to the stock market.
Investment Highlights:
Secured loans backed by real estate or hard assets
Targeted annual returns of 9–12%, paid quarterly
Diversified borrower base to mitigate default risk
Business Plan: Deploy capital into short to medium-term loans with strong collateral coverage, strict underwriting, and disciplined risk management. Loan repayments are recycled into new opportunities to maintain consistent investor distributions.
Oil & Gas Resource
This summer, Tait Duryea and Nathan Sosa, CPA co-authored an in-depth guide on oil and gas tax benefits, covering operational structures and the nuts and bolts of how these tax breaks work.
Download your free copy and get a head start on understanding this high-potential asset class can reduce your W-2 tax liability.
New & Upcoming Offerings
We believe strongly in diversification across asset classes, strategies, and geographies. Here is what is upcoming in the next few weeks:
Oil & Gas Fund: IronHorse
Our most anticipated and exciting opportunity for 2025 is set to launch within the coming weeks.
We recently onboarded oil and gas consultant Mark Fleming to assist with extremely thorough due diligence before presenting this investment to our Investor Club members. He will also be presenting his findings during our forthcoming webinars.
This fund will target substantial active tax advantages and strong cash flow through non-operated working interests in up to 5 different basins, providing investors with diversified exposure to one of the most tax-advantaged and cashflow-heavy sectors in alternative investing.
New Multifamily Acquisition: Azara at Tempe
In partnership with Asym Capital (who's Principal, Hunter Thompson, is one of Tait Duryea's long-standing mentors), we are acquiring 56 units less than 2 miles from the ASU campus in Tempe, AZ at a fantastic basis.
The property is 98% occupied with below market rents, and we are acquiring the asset at nearly 40% below peak market pricing just 3 years ago.
At a 6.2% going in cap rate, this acquisition will focus on minor operational optimization, better marketing, and notably, zero unit renovations, with the goal of improving performance and positioning for an exit within five years.
We're excited to share all of the details around these two stellar new deals over the coming weeks.
To discuss our current and upcoming offerings and see which one best fits your goals and portfolio, please book a call with our team. We'd be happy to connect and help you through each step of reviewing the investments.
Upcoming Event
Our next Hangar Talk is happening next week!
Join this casual session to connect with the Turbine Capital team and fellow investors and get your investing questions answered.
As always, it is an open forum, if you are free we encourage you to join us live.
Hope to see you there!
Hangar Talk
August 13, 2025
12pm Pacific Standard Time
This meeting will be held on zoom.
Add event to calendar
Please join us for our Turbine Capital Annual Shareholder Event; our yearly virtual session packed with insights, updates, and a look ahead at what is next for Turbine Capital. We will review market dynamics, the performance on every asset in our portfolio, unveil upcoming opportunities, and share our vision for the next 12 months.
Last year’s event sparked some incredible conversations and received outstanding feedback from Investor Club members. This year, we are raising the bar. Expect an inside look at the projects we have been working on, how our performance measures up against projections, and where we are headed next.
Annual Shareholder Event
Monday, August 18, 2025
12pm Pacific Standard Time
This meeting will be held on Zoom and recorded
Lastly, the Mytikas Grand Opening investor event is taking place on September 21st in Florence, CO! All Turbine Capital investors are invited, regardless of an investment in the Mytikas project.
Please join us for an afternoon of music, food, an open bar and tour of the facility with the Turbine Capital and Mytikas Living team.
A round of golf on the morning of the 21st at the Four Mile Ranch golf club is also available for those who would like to join.
Mytikas Tour/Grand Opening
Sunday September 21st at 1300 MT
1173 SH 120, Florence, CO 81226
(Fly into COS or DEN)
