Overview

{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"52TEN DD1, LP was a $4 million equity offering centered on Hidden Oasis Estates, a value-add manufactured housing community in Panama City, Florida. Built in 1998 with 141 lots on nearly 23 acres, the property offered strong fundamentals but significant upside due to under-management and limited visibility in the market. At acquisition, 74 lots were vacant and rental rates were 78% below market, creating a compelling opportunity for growth.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1,"textFormat":0,"textStyle":""},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"The strategy included targeted capital improvements, rebranding the community, and filling vacant sites with quality manufactured homes to attract top-tier residents. These upgrades were designed to reposition Hidden Oasis Estates as the premier community in the area, while infill and rent adjustments substantially increased revenues.","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1,"textFormat":0,"textStyle":""},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"The offering targeted an ","type":"text","version":1},{"detail":0,"format":1,"mode":"normal","style":"","text":"18.7% IRR","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":", a ","type":"text","version":1},{"detail":0,"format":1,"mode":"normal","style":"","text":"2.0x equity multiple","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":", and ","type":"text","version":1},{"detail":0,"format":1,"mode":"normal","style":"","text":"10.5% average cash-on-cash returns","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":" over a 4-year hold, supported by a ","type":"text","version":1},{"detail":0,"format":1,"mode":"normal","style":"","text":"7% preferred return","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":". The minimum investment was ","type":"text","version":1},{"detail":0,"format":1,"mode":"normal","style":"","text":"$250,000","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":".","type":"text","version":1}],"direction":"ltr","format":"","indent":0,"type":"paragraph","version":1,"textFormat":0,"textStyle":""}],"direction":"ltr","format":"","indent":0,"type":"root","version":1}}