Our Portfolio

Arbor MHP Portland, OR

Acquisition Date 12/14/2014 00:00

# of Units 136

CAP 7.20%

Purchase Price 3,400,000

Improvement Cost 1,590,000

Sale Date 03/01/2016 00:00

Sale Price 7,000,000

Realized IRR 37.6%

Notes

Distressed Asset, Replaced units/upgraded infrastructure

Tonisgah MHP Portland, OR

Acquisition Date 09/30/2014 00:00

# of Units 38

CAP 6.50%

Purchase Price 1,557,000

Improvement Cost 317,000

Sale Date 09/15/2027 00:00

Sale Price 2,825,000

Realized IRR 35.7%

Notes

Added 5 units, stabilized rents at market levels

Fir Haven MHP Portland, OR

Acquisition Date 09/20/2016 00:00

# of Units 50

CAP 5.90%

Purchase Price 2,295,000

Improvement Cost 204,000

Sale Date 09/15/2019 00:00

Sale Price 3,650,000

Realized IRR 35.4%

Notes

Stabilized Rents, infrastructure upgrades, cosmetic upgrades

Viking MHP Portland, OR

Acquisition Date 09/15/2016 00:00

# of Units 26

CAP 7.20%

Purchase Price 1,780,000

Improvement Cost 275,000

Sale Date 10/01/2018 00:00

Sale Price 2,250,000

Realized IRR 8.3%

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 5,900,000

Improvement Cost 770,000

Sale Date 11/01/2023 00:00

Sale Price 16,700,000

Realized IRR 31.00%

Notes

Rapid sale resulted from investors requiring liquidity

Hidden Village Ferndale, WA

Acquisition Date 08/21/2022 00:00

# of Units 100

CAP 5.50%

Purchase Price 6,750,000

Improvement Cost 300,000

Sale Date 06/01/2023 00:00

Sale Price 9,500,000

Realized IRR 33.00%

Notes

2023 Portfolio Sale

Halcyon Seattle, WA

Acquisition Date 12/06/2019 00:00

# of Units 72

CAP 4.50%

Purchase Price 10,400,000

Improvement Cost 750,000

Sale Date 01/15/2022 00:00

Sale Price 12,000,000

Realized IRR 6,00%

Notes

2022 Portfolio Sale

Cresthaven Bellingham, WA

Acquisition Date 04/30/2019 00:00

# of Units 68

CAP 5.00%

Purchase Price 4,000,000

Improvement Cost 475,000

Sale Date 01/15/2022 00:00

Sale Price 9,500,000

Realized IRR 44,2%

Notes

2022 Portfolio Sale

Shafrans Kent, WA

Acquisition Date 04/20/2021 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 52,2%

Notes

2023 Portfolio Sale

Meadowlands Lakewood, WA

Acquisition Date 10/31/2019 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 3,000,000

Realized IRR 36,5%

Notes

2023 Portfolio Sale

Grandview Bellingham, WA

Acquisition Date 08/19/2022 00:00

# of Units 28

CAP 5.50%

Purchase Price 1,800,000

Improvement Cost 150,000

Sale Date 06/01/2023 00:00

Sale Price 2,000,000

Realized IRR 0,3%

Notes

2023 Portfolio Sale

Central Valley Pacific, WA

Acquisition Date 01/23/2019 00:00

# of Units 23

CAP 5.00%

Purchase Price 1,650,000

Improvement Cost 240,000

Sale Date 06/01/2023 00:00

Sale Price 2,250,000

Realized IRR 17,7%

Notes

2023 Portfolio Sale

Agate Bay Bellingham, WA

Acquisition Date 05/12/2021 00:00

# of Units 27

CAP 5.00%

Purchase Price 2,125,000

Improvement Cost 300,000

Sale Date 06/01/2023 00:00

Sale Price 3,000,000

Realized IRR 22,3%

Notes

2023 Portfolio Sale

Melody Pines Olympia, WA

Acquisition Date 04/09/2021 00:00

# of Units 95

CAP 4.50%

Purchase Price 6,850,000

Improvement Cost 175,000

Sale Date 01/15/2022 00:00

Sale Price 8,750,000

Realized IRR 23,6%

Notes

2022 Portfolio Sale

Midway Gardens Marysville, WA

Acquisition Date 07/12/2019 00:00

# of Units 80

CAP 4.50%

Purchase Price 6,000,000

Improvement Cost 250,000

Sale Date 01/15/2022 00:00

Sale Price 10,000,000

Realized IRR 53,9%

Notes

2022 Portfolio Sale

Bigfoot Sandy, OR

Acquisition Date 06/30/2013 12:00

# of Units 39

Purchase Price 670,000

Sale Date 03/31/2019 12:00

Sale Price 1,700,000

Realized IRR 18,6%

Notes

Surburban Family Park in desirable location