August 20, 2024
Fund IV Update: $20 Million Mobile Home Communities Scheduled to Close Soonlor sit amet, consectetur adipi
Looking ahead, we are excited about our recent investment activity and current growing acquisition pipeline of $90 million in mobile home communities for Crystal View Capital Fund IV. As we continue to build on our momentum, we are scheduled to close on $20 million in the next 30-60 days with the remaining balance to close after.
Key Highlights:
With our scheduled closings, we are in the position to quickly deploy capital.
These upcoming assets that are scheduled to close are all mobile home communities, totaling 477 sites across multiple regions such as the Midwest and West.
To date, Fund IV has successfully closed on $55 million worth of assets, with approximately $32 million closed this year alone.
Midwest MHC Portfolio Snapshot:
Below is a snapshot of one mobile home community portfolio that is scheduled to closed soon.
237 site mobile home community portfolio located in the Midwest.
Projected IRR 20.8% and MOIC 2.3x.Bring rents to a market level by increasing rents nearly 15% within the first year of operations.
With the persistent demand for affordable housing, we plan to execute on filling vacant sites which in return will generate healthy occupancy and revenue growth.