Data Elements: portfolio.aspx

Our Portfolio

Fruitland Puyallup, WA

# of Units 7
CAP 4.50%
Rents 1,500
Annual Revenue 126,000
EGR 35%
NOI 81,900
Value 1,820,000
Notes

Small Rental Project

Coach Post Olympia, WA

# of Units 70
CAP 5.00%
Rents 750
Annual Revenue 630,000
EGR 35%
NOI 409,500
Value 8,190,000
Notes

Connecting park to city services

Parkway Centralia WA

# of Units 31
CAP 5.00%
Rents 575
Annual Revenue 213,900
EGR 35%
NOI 139,035
Value 2,780,700
Notes

Stable Family Park

Village Park Centralia WA

# of Units 95
CAP 4.50%
Rents 575
Annual Revenue 655,500
EGR 25%
NOI 491,625
Value 10,925,000
Notes

High quality 55+ Park

Brass Lamp Washougal, WA

# of Units 36
CAP 5.00%
Rents 675
Annual Revenue 291,600
EGR 30%
NOI 204,120
Value 4,082,400
Notes

Urban Affordable Park

Midway SE Portland, OR

# of Units 40
CAP 5.00%
Rents 575
Annual Revenue 276,000
EGR 25%
NOI 207,000
Value 4,140,000
Notes

Urban Affordable Park

Bigfoot Sandy OR

# of Units 40
CAP 5.00%
Rents 550
Annual Revenue 264,000
EGR 30%
NOI 184,800
Value 3,696,000
Notes

Surburban Family Park in desirable location

Trout Meadows Yakima WA

# of Units 25
CAP 5.00%
Rents 550
Annual Revenue 165,000
EGR 30%
NOI 115,500
Value 2,310,000
Notes

Riverfront Family Park

Mountain Shadow Welches OR

# of Units 25
CAP 5.50%
Rents 500
Annual Revenue 150,000
EGR 30%
NOI 105,000
Value 1,909,091
Notes

Affordable Park in Mt Hood Area

Mountain Grove Welches OR

# of Units 21
CAP 4.50%
Rents 575
Annual Revenue 144,900
EGR 25%
NOI 108,675
Value 2,415,000
Notes

Permitted New Property under construction

Bellis Fair Bellingham, WA

# of Units 55
CAP 4.00%
Rents 800
Annual Revenue 528,000
EGR 25%
NOI 396,000
Value 9,900,000
Notes

Permitted New Property under construction

Aspen Grove Ellensburg, WA

# of Units 68
CAP 4.50%
Rents 800
Annual Revenue 652,800
EGR 25%
NOI 489,600
Value 10,880,000
Notes

High quality Family Park

Country Squire Estates Hermiston OR

# of Units 100
CAP 5.50%
Rents 600
Annual Revenue 720,000
EGR 30%
NOI 504,000
Value 9,163,636
Notes

High quality Family Park

Hat Rock RV Park Hermiston OR

# of Units 58
CAP 5.50%
Rents 650
Annual Revenue 452,400
EGR 30%
NOI 316,680
Value 5,757,818
Notes

Destination Family Property

Aero MHP Airway Heights WA

# of Units 55
CAP 5.50%
Rents 759
Annual Revenue 500,940
EGR 30%
NOI 350,658
Value 6,375,600
Notes

Affordable Family Park in Spokane MSA

Arbor MHP Portland, OR

Acquisition Date 12/14/2014 00:00
# of Units 136
CAP 7.20%
Purchase Price 3,000,000
Improvement Cost 1,100,000
Sale Date 03/01/2016 00:00
Sale Price 7,000,000
Realized IRR 37.00%
Notes

Distressed Asset, Replaced units/upgraded infrastructure

Tonisgah MHP Portiand, OR

Acquisition Date 03/01/2015 00:00
# of Units 38
CAP 6.50%
Purchase Price 1,400,000
Improvement Cost 355,000
Sale Date 09/01/2016 00:00
Sale Price 2,850,000
Realized IRR 35.00%
Notes

Added 5 units, stabilized rents at market levels

Fir Haven MHP Portland, OR

Acquisition Date 11/01/2015 00:00
# of Units 50
CAP 5.90%
Purchase Price 2,100,000
Improvement Cost 376,000
Sale Date 08/01/2017 00:00
Sale Price 4,500,000
Realized IRR 33.00%
Notes

Stabilized Rents, infrastructure upgrades, cosmetic upgrades

Viking MHP Portland, OR

Acquisition Date 02/02/2016 00:00
# of Units 26
CAP 7.20%
Purchase Price 1,500,000
Improvement Cost 275,000
Sale Date 10/01/2017 00:00
Sale Price 2,300,000
Realized IRR 15.00%
Notes

Rapid sale resulted from investors requiring liquidity

Whaleshead MHP Brookings, OR

Acquisition Date 06/05/2015 00:00
# of Units 155
CAP 8.10%
Purchase Price 5,400,000
Improvement Cost 770,000
Sale Date 11/01/2023 00:00
Sale Price 16,700,000
Realized IRR 17.00%
Notes

Rapid sale resulted from investors requiring liquidity

Hidden Village Ferndale, WA

Acquisition Date 07/01/2022 00:00
# of Units 100
CAP 5.50%
Purchase Price 6,100,000
Improvement Cost 150,000
Sale Date 06/01/2023 00:00
Sale Price 9,000,000
Realized IRR 44.00%
Notes

2023 Portfolio Sale

Halcyon Seattle, WA

Acquisition Date 12/01/2019 00:00
# of Units 72
CAP 4.50%
Purchase Price 10,000,000
Improvement Cost 500,000
Sale Date 05/01/2022 00:00
Sale Price 12,000,000
Realized IRR 4.63%
Notes

2022 Portfolio Sale

Cresthaven Bellingham, WA

Acquisition Date 08/01/2019 00:00
# of Units 68
CAP 5.00%
Purchase Price 4,400,000
Improvement Cost 475,000
Sale Date 05/01/2022 00:00
Sale Price 9,500,000
Realized IRR 25.75%
Notes

2022 Portfolio Sale

Shafrans Kent, WA

Acquisition Date 07/01/2021 00:00
# of Units 60
CAP 5.00%
Purchase Price 5,100,000
Improvement Cost 600,000
Sale Date 06/01/2023 00:00
Sale Price 9,000,000
Realized IRR 27.09%
Notes

2023 Portfolio Sale

Meadowlands Ferndale, WA

Acquisition Date 08/01/2019 00:00
# of Units 33
CAP 5.50%
Purchase Price 1,000,000
Improvement Cost 350,000
Sale Date 06/01/2023 00:00
Sale Price 3,400,000
Realized IRR 39.56%
Notes

2023 Portfolio Sale

Grandview Bellingham, WA

Acquisition Date 09/01/2021 00:00
# of Units 28
CAP 5.50%
Purchase Price 1,700,000
Improvement Cost 275,000
Sale Date 06/01/2023 00:00
Sale Price 2,500,000
Realized IRR 13.45%
Notes

2023 Portfolio Sale

Central Valley Pacific, WA

Acquisition Date 09/01/2019 00:00
# of Units 23
CAP 5.00%
Purchase Price 1,550,000
Improvement Cost 240,000
Sale Date 06/01/2023 00:00
Sale Price 2,500,000
Realized IRR 19.49%
Notes

2023 Portfolio Sale

Agate Bay Bellingham, WA

Acquisition Date 10/01/2021 00:00
# of Units 27
CAP 5.00%
Purchase Price 1,800,000
Improvement Cost 300,000
Sale Date 06/01/2023 00:00
Sale Price 3,000,000
Realized IRR 21.03%
Notes

2023 Portfolio Sale

Melody Pines Olympia, WA

Acquisition Date 10/01/2019 00:00
# of Units 95
CAP 4.50%
Purchase Price 6,000,000
Improvement Cost 175,000
Sale Date 05/01/2022 00:00
Sale Price 9,500,000
Realized IRR 24.38%
Notes

2022 Portfolio Sale

Midway Gardens Marysville, WA

Acquisition Date 09/01/2019 00:00
# of Units 80
CAP 4.50%
Purchase Price 5,000,000
Improvement Cost 250,000
Sale Date 05/01/2022 00:00
Sale Price 10,000,000
Realized IRR 38.94%
Notes

2022 Portfolio Sale

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