Newly Acquired! Projected 26.2% IRR from Latest Acquisition of a 60-Site Mobile Home Community in Madras, OR

We are pleased to announce the acquisition of a 60-site mobile home community located in Madras, Oregon with an average occupancy of 86%. This acquisition will be joining our Crystal View Capital Fund III portfolio bringing the total units/sites managed to over 13,700 for the Fund.

Based on comprehensive financial modeling, including the underwriting of an expansion, we anticipate this asset delivering a project-level IRR of approximately 26.2%, an MOIC of 2.4x, and a cash-on-cash return of 13% over a five-year hold period.

Value-Add Strategy

• Revenue Growth: Within the first year, we plan to increase rents to market by approximately 8%, along with utility reimbursements.

• Occupancy Growth: Given the growing demand for affordable housing in this market, our in-house home sales coordination team will execute a strategic plan to minimize vacancy.

• Community Expansion: Aligned with our occupancy growth plan, this asset includes vacant land proposed for development into a potential 20-site expansion, providing additional affordable housing options.

• Community Enhancements: Our in-house asset management team will implement upgrades to amenities and essential repairs to enhance the living experience for residents through thoughtful improvements and maintenance.

We are currently raising capital for Fund IV, with over $80 million in the acquisition pipeline. We are actively looking to deploy capital within the next 30-60 days. To learn more about Fund IV and our investment opportunities, please visit our website or contact our investor relations team at invest@crystalviewcapital.com.