Newly Acquired! Projected 16.5% IRR with The Latest MHC Acquisition for Fund IV
Category
Fund IV Updates
Date
04/02/2025
We’re excited to share the closing of our latest acquisition—a 103-site mobile home community in southeast Iowa. This acquisition continues our primary focus on acquiring mobile home communities in Fund IV, reinforcing our commitment to value-add opportunities in the sector.
Deal Highlights:
Sourced off-market
Average occupancy of 93%
Align rents with market while maintaining affordability for current and prospective residents - rents currently 45% below market
Focus on occupancy growth by filling one site per year over the next six years
Projected Returns:
16.5% IRR
2.1x MOIC
10% Cash-on-Cash by Year 6
If you're interested in learning more about this deal and upcoming deals within our acquisition pipeline, reach out to our team.
For more updates on our acquisition pipeline, follow us on LinkedIn.
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