Turbine Capital Private Podcast

October 2025 Hangar Talk


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Tait Duryea hosts a live Hangar Talk with Mike Peterson from Reef Capital Partners to answer investor questions directly from the source. The conversation covers how Reef reports performance, how quarterly distributions work, and why early cash flow may be lower due to depreciation and tax credits. They break down K-1 taxation, SDIRA and UBIT considerations, reinvestment strategy, and when investors can expect return of capital. Mike also shares insight into future Reef developments, including golf-focused resort communities and the long-term portfolio vision driving equity growth.

Show notes:
(02:40) Reporting and quarterly updates explained
(04:18) How Reef distributions are taxed
(07:12) Why Reef distributes 52 percent
(08:31) Reinvesting profits for higher IRR
(11:00) Future Reef developments overview
(13:31) When investors get capital back
(15:18) SDIRA and UBIT considerations
(18:19) Cocoa Palms project discussion

Turbine Capital Private Podcast:
Spotify: https://open.spotify.com/show/0IWgXJwFJY1Xiw13SfuCnZ?si=87be61dfe5fb415d
Apple: https://podcasts.apple.com/us/podcast/turbine-capital-private-podcast/id1831346026

If you have any questions, please feel free to email [email protected].

Learn more about Turbine Capital:
Website: https://www.turbinecap.com
Facebook: https://www.facebook.com/turbinecap
Instagram: https://instagram.com/turbinecapital

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Turbine Capital Private PodcastBy Tait Duryea