Slow is smooth
We buy one to three mobile home parks a year. We invest in the park and the people living in it, in that order, before rents move.
Only when the numbers hold up.
- Small parks of fifty lots or more, in landlord-friendly regions across the country.
- One to three a year. Bought right or not bought at all.
- Most sourced direct from owners, with no broker.
- Held permanently — we don't buy to sell.
Somebody lives in every one of these. That's the part the spreadsheets leave out.
We pass on almost everything.
Nine parks underwritten across five states in five weeks, most sourced direct from owners with no broker. We passed on nearly all of them.
On one, a charge code worth ten percent of the seller's reported income had vanished from his own rent roll — $205,000 of value nobody had mentioned. On another, a single county tax document swung the price by $370,000.
We do that work before we spend a dollar of anyone's money, on deals we walk away from. And we do it alongside seasoned operators in this space, which buys down risk on the buy and through execution.
"Trailer park" is a word people use to look down on a home.
Mobile home parks are the last unsubsidized affordable housing in America. Most are being bought by operators whose model is raising rents on people who can't leave — moving a mobile home costs five to ten thousand dollars, more than most of these families have.
We do it the other way around. Capital goes into the park before any rent does. We underwrite to what residents can actually pay, going in — if a deal only works by breaking that, we don't buy the deal.
We want residents proud of where they live. That isn't charity. It's how a park stays full for twenty years.
Small, slow, and accountable.
A large syndicator has a hundred assets and an investor relations department. We'll have a handful of parks and a cell number. We work alongside seasoned operators in this space, as co-general partner with Cadia Capital Group.
We pass on almost everything
Nine parks underwritten, nearly all declined. That work happens before we spend a dollar of anyone's money.
Call us →Skin in every deal
We're in alongside you. If it works, we win with you. If it doesn't, we're holding it with you.
Call us →We ate a loss so investors didn't
In 2024 a deal went bad. We sold our own assets and returned 100% of investor principal.
Write us →No return figures, projections, or guarantees appear on this page by design. Any such information is provided only through official offering documents.
Bought right or not bought at all.