Under Contract: 173-Site Mobile Home Community in Northwestern Michigan for Fund IV

Crystal View Capital Fund IV is under contract to acquire a 173-site mobile home community in Northwestern Michigan, continuing to expand our footprint in the Michigan manufactured housing market. This deal was sourced off-market from a mom-and-pop absentee owner.

Deal Highlights:

• Local Synergy: We already own 223 site mobile home community within 10 miles of this property, allowing for efficient, centralized management.

• Strong Value: Acquisition price is approximately $39,000 per site, well below replacement cost.

• Upside in Rents: Current lot rents: $425, with market rents $600+. Our plan is to gradually adjust rents to market over the next two years.

• Additional Opportunity: The community includes 15 vacant homes that weren’t included in our base projections. With successful rehab and lease-up, there’s meaningful upside.

Projected Returns:

• 7.5% cash-on-cash in year three

• 19–20% IRR over a six-year hold

Learn more about Fund IV or schedule a call with our team to discuss this latest acquisition in our pipeline.

Disclaimer: The information contained herein reflects preliminary underwriting and forward-looking statements based on current assumptions, expectations, and projections. These projections are not guarantees of future performance and involve risks, uncertainties, and other factors that may cause actual results to differ materially. Past performance is not indicative of future results. This is not an offer to sell or a solicitation of an offer to buy any securities. Any investment in a private fund involves significant risk and is suitable only for accredited investors. Please refer to the private placement memorandum and consult your financial, legal, and tax advisers before making any investment decisions.