MOBILE HOME PARKS

KEY BENEFITS:

Affordable Housing Demand: Persistent, growing market need.

Long-Term Tenants: High retention, stable occupancy.

Low Operating Costs: Less maintenance per unit.

Limited New Supply: Restricted development, less competition.

Recession Resilience: Stable demand in downturns.

Sample Properties

Asset: Poorly managed and underutilized property in a rapidly gentrifying urban infill location


Strategy: Infill | Hold Period: 3-5 yrs.


Projected Net Returns:

  • IRR: 20–25%

  • Equity Multiple: 2.8–3.5x

  • Preferred Return: 9-12%

Asset: Mid-sized (150 pads) in a growing secondary market outside a large mid-west city


Strategy: Value Add | Hold Period: 5-7 yrs.


Projected Net Returns:

  • IRR: 15–19%

  • Equity Multiple: 2.2–2.8x

  • Preferred Return: 7.5 - 9%

Asset: Well established, professionally managed, in a high demand coastal retirement community


Strategy: Core | Hold Period: 10 yrs.


Projected Net Returns:

  • IRR: 8–10%

  • Equity Multiple: 1.8–2.1x

  • Preferred Return: 6 - 7%

Potential Risks & Mitigation Strategies

Risk

Mitigation Strategy

Perception/Stigma

Educate prospective tenants about how things have evolved in the MHP space.

Local Regulations

We invest in landlord-friendly states and thoroughly vet local legislation before entering a market.

Management

We thoroughly vet the management and operation systems, ensuring tenant satisfaction and max efficiency.

Sponsors budget 5–10% annual escalators and secure multi-year insurance policies.