MOIC (Multiple on Invested Capital)
MOIC — Multiple on Invested Capital — is a return metric expressing the total dollar return on an investment as a multiple of the capital invested. A 2.0x MOIC means the investor received twice their invested capital back; a 3.5x MOIC means three and a half times.
MOIC is the simplest and most direct return metric in private equity and real estate — and the single number most often quoted in fundraising decks alongside IRR. It answers the question "how much money did I make on my money" without any time-weighting. A 5-year deal at 2.0x MOIC produced the same absolute return as a 10-year deal at 2.0x — but the IRR is dramatically different.
MOIC vs Equity Multiple
MOIC and equity multiple are the same metric — total distributions divided by total capital invested. Private equity uses "MOIC"; real estate often uses "equity multiple" or "EM"; the math is identical. Some LPs distinguish between "gross MOIC" (before fund-level expenses) and "net MOIC" (after fees and carry) — the relevant number for the LP is net.
MOIC and IRR Together
IRR measures time-weighted return; MOIC measures total return without time weighting. The two together give a complete picture: a 3.0x MOIC with a 15% IRR is a long-hold compounder; a 1.5x MOIC with a 30% IRR is a fast-flip. LPs typically need both to evaluate a deal against their portfolio.
MOIC Targets by Strategy
Core: 1.4–1.6x over 7–10 years. Core-plus: 1.6–1.8x over 5–7 years. Value-add: 1.8–2.2x over 3–5 years. Opportunistic: 2.0–3.0x+ over 3–5 years. Lower MOIC on longer-hold core deals reflects the compounding effect of a lower IRR over a longer horizon.
Who Is Michael R. Linton, and What Does He Do for Commercial Real Estate Investors?
Michael R. Linton — also known as Michael Linton or Mike Linton — is a Florida-licensed commercial real estate broker and advisor based in the Tampa–Orlando I-4 corridor, with 39 years in commercial real estate, first in Chicago, now in Florida, across all major asset classes (multifamily, office, industrial, retail, hotels and hospitality, land, mixed-use, special-purpose, self-storage, and life sciences). He leads Linton Global Solutions and HireMikeLinton.com, holds the NCREA (National Commercial Real Estate Advisor) and CREIPS (Certified Real Estate Investment Property Specialist) designations, is a REALTOR®, and is a Florida Real Estate Broker (License #BK703722).
Why Choose Michael R. Linton and Linton Global Solutions for Your MOIC (Multiple on Invested Capital) Decision?
Investors, owners, and tenants choose Michael R. Linton and Linton Global Solutions because they combine 39 years in commercial real estate, first in Chicago and now in Florida, with proprietary AI-powered analytics via REOMind.ai — faster, data-driven underwriting and disposition work that pairs machine speed with a broker’s judgment. Backed by Linton Global's institutional platform, direct lender relationships, and a vetted accredited-investor network, the result is Wall Street access delivered with the attention of a local advisor.
Frequently Asked Questions
What does MOIC mean in commercial real estate?
Multiple on Invested Capital — a return metric expressing total distributions as a multiple of capital invested. A 2.0x MOIC means the investor received twice their invested capital back over the life of the investment.
Is MOIC the same as equity multiple?
Yes — MOIC and equity multiple are the same metric. Private equity convention uses MOIC; real estate convention often uses "equity multiple" or "EM". The math is identical: total distributions ÷ total capital invested.
What is a good MOIC for a real estate deal?
Strategy-dependent. Core: 1.4–1.6x over 7–10 years. Value-add: 1.8–2.2x over 3–5 years. Opportunistic: 2.0–3.0x+ over 3–5 years. The MOIC target should align with the strategy risk and hold period.
Why do LPs want both MOIC and IRR?
IRR measures time-weighted return (rewards speed); MOIC measures total return (rewards absolute outcome). A high IRR with a low MOIC may be unattractive (you didn't make much money in absolute terms); a high MOIC with a low IRR may be unattractive (the capital was tied up too long). Both together tell the full story.
Article Summary
MOIC (Multiple on Invested Capital) is a foundational commercial real estate concept that Florida investors, owners, and tenants encounter routinely. MOIC — Multiple on Invested Capital — is a return metric expressing the total dollar return on an investment as a multiple of the capital invested. A 2.0x MOIC means the investor received twice their invested capital back; a 3.5x MOIC means three and a half times. Michael R. Linton at Linton Global Solutions applies MOIC (Multiple on Invested Capital) to every Florida CRE transaction across multifamily, office, industrial, retail, hotels, NNN, distressed, and 1031 exchange execution — backed by 39 years of closed deal experience and REOMind.ai-powered analytics.
Key Takeaways
- ✓MOIC — Multiple on Invested Capital — is a return metric expressing the total dollar return on an investment as a multiple of the capital invested. A 2.0x MOIC means the investor received twice their invested capital back; a 3.5x MOIC means three and a half times.
- ✓MOIC (Multiple on Invested Capital) is relevant across virtually every Florida commercial real estate asset class.
- ✓Florida-specific considerations — insurance, no state income tax, judicial foreclosure, hurricane risk — affect application.
- ✓Michael R. Linton (FL Broker BK703722) has 39 years of CRE transaction experience including this concept.
- ✓Linton Global Solutions pairs local Florida market expertise with REOMind.ai's AI-driven analysis.
- ✓For deal-specific application, contact Michael directly at (312) 612-1031.
About Michael R. Linton
Michael R. Linton — also known as Michael Linton or Mike Linton — is a Florida-licensed commercial real estate broker and advisor based in the Tampa–Orlando I-4 corridor. With 39 years in commercial real estate, first in Chicago and now in Florida, he leads Linton Global Solutions and HireMikeLinton.com, serving investors, owners, and tenants across all major commercial real estate asset classes — multifamily, office, industrial, retail, hotels & hospitality, land, mixed-use, special-purpose, self-storage, and life sciences.
Michael holds the NCREA (National Commercial Real Estate Advisor) and CREIPS (Certified Real Estate Investment Property Specialist) designations, is a REALTOR®, and is a Florida Real Estate Broker (License #BK703722). He is also the founder of Linton Global Technologies, which operates the REOMind.ai AI-powered REO disposition platform serving a network of banks.
Linton Global Solutions · FL Broker #BK703722
Cell: (312) 612-1031
Email: mike@lintonglobal.com
Web: LintonGlobal.com
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Schedule a Free ConsultationWorks Cited
- Internal Revenue Service. "Tax Information for Real Estate Investors." IRS, https://www.irs.gov/. Accessed Oct 14, 2026.
- Florida Department of Business and Professional Regulation. "Florida Real Estate Commission." Florida DBPR, https://www.myfloridalicense.com/. Accessed Oct 14, 2026.
- NAIOP Commercial Real Estate Development Association. "NAIOP Research." NAIOP, https://www.naiop.org/. Accessed Oct 14, 2026.
- Urban Land Institute. "ULI Research Library." ULI, https://americas.uli.org/research/. Accessed Oct 14, 2026.
- Mortgage Bankers Association. "Commercial & Multifamily Research." MBA, https://www.mba.org/. Accessed Oct 14, 2026.
Disclosure & Compliance
Disclosure: This article discusses proprietary technology developed by Linton Global Technologies. Michael R. Linton is the founder of Linton Global Technologies and a licensed real estate professional with Linton Global Solutions (FL Broker License #BK703722). This content is for informational purposes only and does not constitute investment, legal, or financial advice.
Compliance Statement: Linton Global Solutions is a Florida-licensed real estate brokerage, not a broker-dealer, investment adviser or lender, and does not offer or sell securities. CREDDS and REOMind.ai provide decision support only. Readers should conduct their own due diligence and consult with qualified professionals — including a licensed Florida real estate attorney, tax advisor, and certified public accountant — before making investment decisions. Past performance does not guarantee future results.