The I-829 window generally follows the second anniversary of conditional residence, not a project cash event. Track the actual immigration dates separately.
Collect evidence while the project continues operating
Maintain appropriate investment and job evidence rather than waiting for a distribution announcement. An expected release does not remove conditions, and filing I-829 does not itself guarantee repayment or a favorable decision. Hypothetical example: a project building an environmental monitoring network tells investors a distribution is expected in the same quarter as their second anniversary of conditional residence.
The two dates have nothing to do with one another, and planning around the distribution puts the filing window at risk. Track the immigration calendar separately and precisely: the date conditional residence began, its second anniversary, and the 90-day period before that anniversary in which the I-829 is generally filed. Then work backwards to when the supporting evidence must be gathered, since job-creation and sustained-investment records come from the project and are not always produced quickly.
Ask now what the project will provide, in what form and on what notice, and put that request in writing. If the project's operations change during the period, keep a record of what changed and when, because a later decision is made on the facts of the whole period rather than on its final month. Diarise the anniversary itself rather than the quarter it falls in, because the filing window is measured in days and is easy to lose to an approximate date.