Acquired in May 2024, one of our mobile home communities in Wisconsin demonstrated strong early performance through the successful execution of our value-add strategy. In Q1, we implemented a 30% rent increase—strategically aligning rates with market levels—while maintaining high resident satisfaction and minimizing turnover. These outcomes reflect the disciplined operational approach and targeted reinvestments that define our portfolio management across Fund IV.

This performance is the result of disciplined operations, strategic reinvestment, and a sharp focus on enhancing both financial results and the resident experience.

• Community Enhancement
  We completed a full renovation of the community room, transforming it into a central space for resident events and engagement—adding tangible value and improving overall satisfaction.

• Curb Appeal & Maintenance Upgrades
  By investing in new landscaping equipment, we elevated the property’s curb appeal and positioned it for long-term operational efficiency as we head into peak maintenance seasons.

• Resident Experience & Retention
  Through enhanced customer service, regular events, and consistent communication, we strengthened community engagement—supporting strong retention and minimizing turnover.

• Financial Health & Strong Collections
  Delinquency remained below 1% throughout the quarter, reflecting a financially healthy and engaged resident base.

These strategic improvements directly contributed to positive cash flow for Crystal View Capital Fund IV in Q1. The accelerated rent growth, paired with high collections and stable occupancy, helped drive near-term income and long-term value creation for the Fund.

To learn more about how this and other portfolio assets supported Fund IV performance, read our full Q1 cash flow update here.

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.