The Fund will target select mobile home parks and RV parks in Arizona that are capable of producing stable cash flow and performing through a recession.
52TEN, a Scottsdale based company is led by the team of Jack Martin and Nate Pattee. Together with their staff, prior to the launch of the Fund, they had already successfully acquired four parks which became the foundational assets of the Fund when it was launched. Due to those four parks, the Fund is already about half-way complete.
“The Fund will create diversification within an asset class that offers lower risk than other real estate,” says Jack Martin, Principal at 52TEN, “Our investors have an ownership interest in the entire portfolio, which is much like a mutual fund of parks.”
The Fund will be administrated by Redwood Real Estate Administration, located in Portland, Oregon. Redwood currently administers over $1 billion in assets and is the only administration company in America that focuses exclusively on small to mid-sized real estate funds.
When the $10-million aggregate is raised and deployed through the acquisition of appropriate parks, the Fund will be closed. The Fund anticipates the acquisition of three or four more parks over the next 12-18 months prior to closing. The type of parks 52TEN targets are underperforming mobile home and RV parks, in fundamentally good locations, that can become higher quality properties through 52TEN’s unique asset management strengths.
With each park, 52TEN establishes a unique management process, installs top of class software and operational procedures, and implements capital improvements that will enhance the resident experience and the value of the park.
The recession-resistant strategy of the Fund is designed to provide protection, predictable income, and peace of mind through volatile market cycles.
“This strategy is a conservative solution for times of economic volatility,” says Jack, “It’s an alternative that most people have not heard of, yet it’s one of the smartest defensive strategies in real estate.”
52TEN combines lower-risk, income-generating real estate with an investor-centric model and a disciplined business approach. 52TEN is focused on “experience” across all facets of the business, to include the residents and staff at the parks, their contractors and employees, and their investor partners, all of which should expect to receive best experience they’ve ever had.
This content is the perspective of the author and is not intended to be relied upon as a forecast, recommendation or investment advice, and is not an offer or solicitation to buy any securities or to adopt any investment strategy. The information and opinions contained in this content are derived from experience, historic data, and other sources deemed to be reliable, are as of the date of this content, and may change as subsequent conditions vary.