Case Study

Tulare Royal Palms

Manufactured Housing Community • Tulare, CA

We purchased this age-restricted community off-market in 2019 through one of our close relationships in the manufactured housing industry. It featured a compelling amenities package for residents (including a swimming pool, clubhouse, and lending library), and was located within walking distance of parks, retail centers, and healthcare facilities.  After implementing our value-add plan, we exited the investment in 2021, selling the community to a national manufactured housing community operator which we hold in high regard.

Unit Count
96 lots

Acquisition Type

Market Profile

Purchase Price

Sale Price

Equity Multiple

Resident Wins

New Signage
New Manufactured Homes
Resident Social Program

Investor Wins

35% IRR