{"schemaVersion":"ready-scan.discovery-surface.v1","id":"urn:readyscan:corpus:buyer-question:smartland-q57171271-answer-86bcdfb2a6c2758e33ed","key":"buyer_question:smartland-q57171271-answer-86bcdfb2a6c2758e33ed","kind":"buyer_question","slug":"smartland-q57171271-answer-86bcdfb2a6c2758e33ed","canonicalUrl":"https://directory.readyscan.ai/corpus/buyer-question/smartland-q57171271-answer-86bcdfb2a6c2758e33ed","machineUrl":"https://directory.readyscan.ai/discovery/corpus/buyer-question/smartland-q57171271-answer-86bcdfb2a6c2758e33ed.json","datePublished":"2026-10-24","dateModified":"2026-10-24","materialFingerprint":"fnv1a64:d1736934179358ce","membershipFingerprint":"fnv1a64:6dc2ebdcea20d427","relatedEntitySlugs":["smartland-q57171271"],"relatedSurfaceKeys":["buyer_question:smartland-q57171271-answer-2288673a34ce93968806","buyer_question:smartland-q57171271-answer-5d6d68f5f836a7aa12bd","buyer_question:smartland-q57171271-answer-fab42828d9f3d78c37bf","evidence:smartland-q57171271"],"sourceIds":["ready-scan-subjects"],"provenance":[{"snapshotId":"smartland-q57171271-content-c8f06407e3a51e70-snapshot","sourceId":"ready-scan-subjects","sourceRecordId":"Q57171271","sourceRevisionId":"Q57171271:content:b2df3aefb514eeef","sourceContentHash":"fnv1a64:6438f20cd60b0e2c","recordRevisionId":"Q57171271:content:b2df3aefb514eeef","recordContentHash":"fnv1a64:ff2d08a7032d5dc1","sourceCanonicalUrl":"https://smartland.com/","sourceModifiedAt":"2026-10-24T11:33:26.972Z","observedOn":"2026-10-24","permission":{"basis":"public_information","evidenceUrl":"https://smartland.com/"},"attributionUrl":"https://smartland.com/"}],"quality":{"method":"same_kind_unique_trigram_floor","minimumUniqueTrigramRatio":0.3,"status":"passed"},"title":"What is a preferred return?","summary":"Cited source answers across 1 active corpus record.","question":"What is a preferred return?","answers":[{"entitySlug":"smartland-q57171271","entityName":"Smartland","answer":"“Preferred return is a designated amount of distributable cash to be returned to the investor before any return splits. For example, if a deal has a preferred return of 8%, then the first 8% returned on an investment (distributions from cash flow or capital events such as refinance proceeds or disposition) will go entirely to the Limited Partners.”","sourceUrls":["https://smartland.com/frequently-asked-questions/"]}]}