Crystal View Capital Fund IV Acquires Wisconsin MHC Portfolio: Project 30% IRR with Expansion Opportunity

Crystal View Capital Fund IV is pleased to announce the acquisition of a mobile home community portfolio located in Prairie du Sac, Wisconsin. This portfolio consists of 67 sites and has an average occupancy of 98%.

This deal was sourced off-market by our in-house acquisitions team and came to fruition when Matthew Ricciardella, the firm's managing partner, visited the site to connect further with the prior owner. This asset has been well taken care of over the last 40 years and will continue to be in the good hands of our in-house asset management team.

Property Highlights

• Bring rents to market, executing a 24.5% increase in the first year of ownership.

• Create synergy with our Wisconsin MHC portfolio and seasoned management and maintenance team with a proven track record.

Based on our underwriting and projections, we anticipate this asset delivering a project-level IRR of approximately 17%, MOIC of 2.1x, and a cash-on-cash return of 7% over a five-year hold period. With the potential purchase of the adjacent land that will allow for a 10-lot expansion of the community, this would generate a higher return near a 30% IRR.

We are actively seeking capital for the acquisition of mobile home communities and self-storage facilities in our pipeline, exceeding $60 million. Any new investor contributions are expected to be promptly deployed because of these anticipated acquisitions. For those interested in investing, we invite you to reach out to our team at invest@crystalviewcapital.com.