We recently added a 237-site mobile home community portfolio located in the greater St. Louis area to our portfolio, projected to deliver a 26% IRR. This latest acquisition was part of the $64 million Midwest portfolio.

To share more about this latest acquisition and its potential, our founder, Matt Ricciardella has prepared a short video highlighting key deal points, value-add strategies, and what this means for our investment approach.

Deal Highlights:

• 237 combined sites - average occupancy 77%.

• Adjusting rental rates to align with current market conditions - projected 16% increase in the first year.

• Restructure current rent to own leases to unlock additional value.

• Providing quality, affordable housing options that drive steady occupancy growth year over year.

Based on the comprehensive financial modeling, we anticipate this asset delivering a project-level IRR of approximately 26%, MOIC of 2.8x, and up to a 12% cash-on-cash return after implementing our value-add strategy.