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
10
Acquisition Type
Value-add
Market Profile
Urban (Core)
Purchase Price
$700,000
Valuation Upon Refinancing
$1,170,000
Value Increase
67%
Resident Wins
Responsive, professional management
Investor Wins
