Case Study

Tierra Linda

Mobile Home Park • Hermiston, OR
Due to our experience providing workforce manufactured housing in tertiary markets like Herrmiston, we saw the opportunity in this off-market acquisition. Hermiston’s demand drivers include agriculture and logistics/distribution centers. After buying the property from the family that originally built the park, we implemented our full “value-add playbook,” including installing new homes, renovating in-place homes, and improving community safety with a new perimeter fence.

Unit Count

Acquisition Type

Market Profile

Purchase Price

Valuation Upon Refinancing

Equity Multiple

Resident Wins

New Perimeter Fence
New Signage
New Laundry Equipment
New Manufactured Homes

Investor Wins

27% IRR
1.8X Equity Multiple