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INVESTMENT CRITERIA (guidelines)

Manufactured Housing Communities

  • Land leased communities nationwide, but emphasis on East Coast (from Florida to Maine)
  • All age and senior restricted parks
  • Communities with more than 100 sites with public utilities, but also seeking smaller Florida communities and will buy smaller elsewhere if we can cluster with other communities for sale or owned by us
  • Markets with strong demand for residents with balanced long-term supply/demand fundamentals
  • Communities with vacancies and community-owned homes to some extent are fine
  • RV component up to 35% of earnings is acceptable
  • No transaction is too large; will close for cash and help structure to save seller's taxes

RV Parks

  • RV parks with at least 150 sites, strong amenities, and public utilities
  • Prefer location near areas of employment
  • Prefer portion of revenues to be from permanent and/or seasonal guests

Self Storage Facilities

  • Self storage facilities with 25,000 to 75,000 square feet
  • Occupancy must be at least 75 percent
  • Commercial frontage and high traffic count locations strongly preferred

Apartments

  • 25 to 125 units
  • 85% occupancy or better
  • Municipal utilities
  • No Section 8, high rise, or flat roof apartments

Retail Centers

  • 10,000 to 25,000 s.f.
  • 70% occupancy or better
  • On highways with strong traffic counts
  • No single tenant or "environmentally challenged" properties

Other Matters

  • The above are guidelines, but we will move outside them for transactions that make sense
  • Other collateral types evaluated on a case-by-case basis
  • Information held in the strictest of confidence. We are long-term investors and value long-term industry relationships
  • Brokers are protected. We provide professionals (lawyers, property managers, others) finder fees.
  • Will buy nationwide, but emphasizing East Coast (from Florida to Maine)
  • Will "move quick and tell it like it is"

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