Direct Investment Overview
52TEN acquires quality mobile home parks at values below their potential in markets where home values are above average and where high demand for affordable housing is present. During the term of ownership, 52TEN adds value by optimizing the quality and performance of each park, over an average initial hold period of seven years.
Note: Direct Investments include a strategy to reposition, return LP capital, avoid taxes, and keep the coupon, with a long-term hold objective.
52TEN Direct Offerings
Direct Offerings are typically fully subscribed in 72 hours or less by those who have reserved a spot in advance. Reserving in advance gives investors the right to get an early look when the Offering Memorandum becomes available.
Direct Investment Highlights
Category | Terms |
|---|---|
| Target Assets | Mobile Home Communities |
| Risk Profile | Value Add / Core Plus |
| Objective | Tax Benefit, Income and Capital Appreciation |
| Target Park Value | $10-40 million |
| Term | Variable (5 to 7 years) with potential for legacy hold |
| Class A Interests | Minimum $1M, 7 pref, 80/20 split thereafter |
| Class B Interests | Minimum $300K, 7 pref, 70/30 split thereafter |
| Class C Interests | Minimum $100K, 7 pref, 60/40 split thereafter |
| Minimum Investment | Class A $1MM, Class B $300K, Class C $100K |
| Fund Structure | Reg D 506(c) |
| Investor Suitability | Accredited |
| Distribution Frequency | Quarterly |
| Administrator | InvestNext / Red Cedar |