Manufactured Housing Portfolio


Manufactured Housing Portfolio

Transaction:
Investment in Mid-Atlantic portfolio of manufactured home communities with experienced operating partner

Asset Description: Operating, mature and well-maintained communities comprised of 2,050 pads in 18 parks in PA, DE, MD, NJ and NC

Date Closed: April 2012, with additional acquisitions through 2012 and 2013

Investment Strategy:

  • Aggregate portfolio of strong performing parks
  • High barrier to entry sector
  • Undercapitalized assets
  • Closely aligned with FCP’s moderate income strategy

Exit Strategy: Recapitalize or sell portfolio.