We are excited to present a unique investment opportunity to acquire a portfolio of 30 manufactured housing communities strategically located across Indiana, Ohio, Kentucky, North Carolina, South Carolina, Georgia, Louisiana, and Texas. This extensive portfolio comprises 3,389 sites with an 82% occupancy rate and approximately 598 park-owned homes (573 in place and 25 new in 2024).



Key Investment Highlights:

• Diverse Geographic Spread: The communities are spread across eight states, providing geographic diversification that mitigates regional market risks and leverages different economic strengths.

• Significant Scale: The portfolio's 3,389 sites offer substantial scale, enabling economies of scale in management and operations, enhancing the overall investment's stability and potential for growth.

• Strong Occupancy Rate: With an 82% occupancy rate, the communities are well-established with a solid resident base, ensuring immediate and steady rental income. There is also room for increasing occupancy, presenting a value-add opportunity.

• Limited Park-Owned Homes: Only approximately 598 of the homes are park-owned, with a substantial amount being brand new. This reduces maintenance responsibilities and costs associated with owning and managing a large number of homes. It also allows for potential conversion to tenant-owned homes, further increasing cash flow and decreasing operational expenses.

This portfolio offers a compelling opportunity to invest in a diverse, scalable, and income-generating asset class. With immediate cash flow, value-add potential, and geographic diversification, this investment aligns well with strategies aimed at long-term growth and income stability in the affordable housing market.

Should you be interested in receiving more information on this opportunity, please reach out to Jacqueline Sawchik (Jacqueline.Sawchik@marcusmillichap.com)