{
  "updatedAt": "2026-07-03T20:33:58Z",
  "phase": "accumulation",
  "phaseLabel": "Phase I \u2014 Accumulation",
  "dealName": "Deal 1 \u2014 Income-producing real estate",
  "currentUsd": 0,
  "targetUsd": 500000,
  "percentToTarget": 0.0,
  "deadline": "2026-09-30",
  "investorCount": 0,
  "statusNote": "Pooling capital toward first hard-asset acquisition. No distributions during Phase I.",
  "minimumAllocationUsd": 25000,
  "refundPolicy": "If the deployment threshold is not met by the stated deadline, credited allocations are returned pro-rata in the original asset (minus disclosed network and administrative fees), unless investors vote to extend the pooling period."
}