Case Study

Meadowlands

Manufactured Housing Community
Opportunity Zone • Yakima, WA

Yakima, a city nestled in Washington’s Yakima Valley, might fly under the radar for some, but not to us, we saw its quiet strength – a steady hum of economic activity fueled by agriculture, healthcare sector, and a thriving manufacturing industry. These factors all pointed to a significant demand for quality, attainable housing.

Discovering undeveloped land with the potential for a brand-new manufactured housing community felt like striking gold, especially considering the property’s additional allure: its Qualified Opportunity Zone status, offering investors substantial tax benefits.

We bypassed the traditional broker route and struck a deal directly with the Glaspey family, who had owned the land for over a century. This personal touch fostered a sense of community even before the first home was built.
The Meadowlands project is a perfect example of what we do: We take communities with potential and help them thrive.

Today, where there were once empty fields, stands Meadowlands, a thriving community teeming with life.  We’ve built not just homes, but a welcoming environment for working families, the backbone of Yakima’s economy.

Unit Count
78

Acquisition Type
Value-add/Development

Market Profile
Semi-rural (Tertiary)

Purchase Price
$2,800,000

Valuation Upon Refinancing
$6,350,000

Value Increase
126%

Resident Wins

78 high-quality affordable homes in what used to be a cow pasture

Investor Wins

37% IRR
2.4X equity multiple
Opportunity Zone tax benefits via a Qualified Opportunity Fund offering