Our Portfolio

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