Case Study

Holly Court

Manufactured Housing Community • Milwaukie, OR
Holly Court is an example of how we think “outside the box” in our acquisitions strategy.  Although the community is only 10 units (i.e. too small for most investors to consider), it is located in a high-demand urban location, has high-quality 1990s-vintage construction, and is located a short drive from other properties where we already have scale.  Therefore, we made a decision to capitalize on this off-market opportunity, generating a 26% IRR for our investors.

Unit Count

Acquisition Type

Market Profile
Urban (Core)

Purchase Price

Valuation Upon Refinancing

Value Increase

Resident Wins

Responsive, professional management

Investor Wins

26% IRR
2.1X equity multiple