OUR TRACK RECORD
Our Track Record
Communities we currently own and operate
| Community Name | City | State | Units |
| Alliance Meadows | Alliance | NE | 159 |
| Alliance MH Park | Alliance | NE | 99 |
| Arnold MHP, LLC | Arnold | MO | 148 |
| Bellmead | Waco | TX | 35 |
| Berry Ridge | Wisconsin Dells | WI | 34 |
| Bloomington MHP | Bloomington | IL | 39 |
| Cherry Hills & Hillside MH Parks | La Junta | CO | 70 |
| Coachlight MHP | Tilton | IL | 45 |
| Colonial Gardens | Weston | WI | 265 |
| Country Estates MHP | Pratt | KS | 122 |
| Country MH Park | Monte Vista | CO | 62 |
| Country Village Cokato | Cokato | MN | 53 |
| Country Village MH Park | Norfolk | NE | 87 |
| Des Moines MHP | Des Moines | IA | 70 |
| Devils Lake MHP | Devils Lake | ND | 121 |
| Dilworth MHP | Dilworth | MN | 69 |
| Elizabeth Street MHP | Canon City | CO | 66 |
| Elsmere MHP | Elsmere | KY | 225 |
| Edison Estates | Oskoosh | WI | 160 |
| Evansville MHP | Evansville | WI | 69 |
| Fairlane MHP | Winona Lakes | IN | 89 |
| Falls City MHP | Falls City | WI | 61 |
| Fulton MH Park | Fulton | IL | 73 |
| Glenbrook MH Park | Kansas City | KS | 100 |
| Glyndon MHPs | Glyndon | MN | 90 |
Communities we currently own and operate
| Community Name | City | State | Units |
| Grafton MHP | Grafton | ND | 60 |
| Greenleaf | Greenleaf | WI | 61 |
| Hazleton MHP | Hazleton | IA | 82 |
| Heritage Rantoul | Rantoul | IL | 207 |
| Hilbert Acres | Hilbert | WI | 94 |
| Holiday MH Park | Pontoon Beach | IL | 212 |
| Kankakee MHP | Kankakee | IL | 174 |
| Knoxville MHP | Knoxville | IA | 125 |
| Lakeside MH Park | Yankton | SD | 75 |
| Lakeview | Oskoosh | WI | 63 |
| Lone Grove MH Park | Lone Grove | OK | 54 |
| Lubbock TC MHP | Lubbock | TX | 118 |
| Martinview MHP | Bellevue | NE | 104 |
| Montevideo MHP | Montevideo | MN | 90 |
| Moreland MHP | Ridgeley | WV | 92 |
| Mountain MH Park | Montrose | CO | 98 |
| Nebraska City MH Park | Nebraska City | NE | 94 |
| Oakwood Village | Tomah | WI | 96 |
| Pagosa Springs MHP | Pagosa Springs | CO | 54 |
| Parkview | Vincennes | IN | 105 |
| Parkview Hieghts | Clinton | WI | 53 |
| Parkview Terrace | Marshfield | WI | 189 |
| Platteville MHP | Platteville | WI | 72 |
| Prairie Village MH Park | Pipestone | MN | 41 |
| Riverside MH Park | Muskogee | OK | 145 |
Communities we currently own and operate
| Community Name | City | State | Units |
| Seward MHP | Seward | NE | 39 |
| Shawnee Hills MHP | Topeka | KS | 105 |
| Slaton MHP | Slaton | TX | 97 |
| South Bluff MHP, LLC | South Beloit | IL | 221 |
| Southwind MH Park | Robinson | IL | 65 |
| Squaw Creek | Marion | IA | 481 |
| Stagecoach MH Park | Pueblo | CO | 157 |
| Stoney Creek MHP | Albert Lea | MN | 111 |
| Sullivan MH Parks | Sullivan | IL | 139 |
| Summerville MHP | Summerville | SC | 133 |
| Swayzee MHP, LLC | Swayzee | IN | 35 |
| Texas West MHP | Lubbock | TX | 66 |
| Tuckaway Peoria | Peoria | IL | 93 |
| Urbana MHP | Urbana | IL | 117 |
| Vermillion MHP, LLC | Pontiac | IL | 123 |
| Wahoo MH Parks | Wahoo | NE | 49 |
| Wahpeton MHP | Wahpeton | ND | 130 |
| Warsaw MHP, LLC | Warsaw | IN | 162 |
| Whispering Pines Loami MH Park | Loami | IL | 95 |
Sold Properties
| # | City, State | Holding Period | Purchased | Sold |
| 1 | Longview, TX | 6 months | $175,000 | $250,000 |
| 2 | Longview, TX | 2 months | $300,000 | $350,000 |
| 3 | Kit Carson, CO | 2 years | $50,000 | $45,000 |
| 4 | Fort Morgan, CO | 2 months | $700,000 | $865,000 |
| 5 | San Antonio, TX | 1 month | $250,000 | $325,000 |
| 6 | Alice, TX | 1 month | $150,000 | $185,000 |
| 7 | Winslow, AZ | 3 months | $650,000 | $755,000 |
| 8 | Paducah, KY | Flip at closing | $195,000 | $250,000 |
| 9 | Fort Worth, TX | 2 months | $425,000 | $400,000 |
| 10 | Minot, ND | Flip at closing | $605,000 | $710,000 |
| 11 | Arlington, TX | 1 Day | $250,000 | $280,000 |
| 12 | Cortez, CO | Flip at closing | $800,000 | $950,000 |
| 13 | Limon, CO | 4 years | $265,000 | $475,000 |
| 14 | Bloomington, TX | 2 years | $175,000 | $210,000 |
| 15 | Rice, TX | 6 months | $625,000 | $875,000 |
| 16 | S. Beloit, IL | Flip at closing | $715,000 | $865,000 |
| 17 | Alice, TX | 1.5 years | $225,000 | $255,000 |
| 18 | Springfield, IL | 1 year | $265,000 | $325,000 |
| 19 | Fort Worth, TX | Assigned Contract | $365,000 | $375,000 |
| 20 | Tyler, TX | 2 years | $225,000 | $625,000 |
| 21 | Paducah, KY | 2 years | $950,000 | $1,050,000 |
| 22 | Eau Claire, WI | 3 years | $375,000 | $595,000 |
| 23 | Casa Grande, AZ | 3 years | $1,350,000 | $3,250,000 |
| 24 | Dodge City, KS | 2 years | $550,000 | $700,000 |
| 25 | Aurora, NE | 4 months | $125,000 | $180,000 |
| 26 | Jacksonville, TX | 3 years | $475,000 | $882,500 |
| 27 | Palestine, TX | 4 years | $365,000 | $435,000 |
| 28 | Hondo, TX | 3 years | $310,000 | $575,000 |
| 29 | Lakin, KS | 1.5 years | $45,000 | $47,500 |
| 30 | Tehachapi, CA | 2 years | $750,000 | $2,100,000 |
| 31 | Hondo, TX | 3 years | $235,000 | $375,000 |
| 32 | Commerce, TX | 6 months | $135,000 | $175,000 |
| 33 | Nederland, TX | 6 months | $400,000 | $485,000 |
| 34 | Birch Bay, WA | 3 years | $2,725,000 | $4,150,000 |
| 35 | Florence, AZ | 3 years | $1,185,000 | $1,660,000 |
| 36 | Cimarron, KS | 2 years | $440,000 | $540,000 |
| 37 | Rome City, IN | 1.5 years | $355,000 | $365,000 |
| 38 | Treherneville, VA | 6 months | $150,000 | $220,000 |
| 39 | Plainview, TX | 2 years | $225,000 | $365,000 |
| 40 | New Church, VA | 2 years | $750,000 | $1,410,000 |
| 41 | Plainview, TX | 1 year | $50,000 | $100,000 |
| 42 | Juniata, NE | Flip at closing | $130,000 | $155,000 |
| 43 | Plainview, TX | 1 year | $200,000 | $530,000 |
| 44 | Laramie, WY | 1.5 years | $800,000 | $1,500,000 |
| 45 | Canon City, CO | 1 year | $225,000 | $312,500 |
| 46 | McCook, NE | 2 years | $200,000 | $425,000 |
| 47 | Longview, TX | 3 years | $475,000 | $800,000 |
| 48 | Crete, NE | 2 years | $450,000 | $570,000 |
| 49 | New Braunfels, TX | 1 year | $537,500 | $838,000 |
| 50 | Eau Claire, WI | 1 year | $670,000 | $1,100,000 |
Sold Properties
| # | City, State | Holding Period | Purchased | Sold |
| 51 | La Junta, CO | 1 year | $690,000 | $1,775,000 |
| 52 | Black River Falls, WI | 2 years | $350,000 | $700,000 |
| 53 | Hayden, CO | 2 years | $1,215,000 | $2,030,000 |
| 54 | Odessa, TX | 1 year | $1,900,000 | $3,320,000 |
| 55 | Columbus, OH | 4 years | $430,000 | $1,000,000 |
| 56 | Dilworth, MN | 1 year | $865,000 | $1,550,000 |
| 57 | Kennedale, TX | 2 years | $250,000 | $330,000 |
| 58 | Lincoln, NE | 3 years | $925,000 | $1,050,000 |
| 59 | Belton, TX | 18 months | $640,000 | $825,000 |
| 60 | Doniphan, NE | 2 years | $200,000 | $350,000 |
| 61 | Cokato, MN | 2 years | $645,000 | $800,000 |
| 62 | Loami, IL | 3 years | $550,000 | $1,375,000 |
| 63 | Glyndon, MN | 3 years | $875,000 | $1,350,000 |
| 64 | Little Rock, AR | 3 years | $425,000 | $805,000 |
| 65 | Terre Haute, IN | 2 years | $240,000 | $345,000 |
| 66 | Nebraska City, NE | 2 years | $345,000 | $510,000 |
| 67 | Dallas Area, TX | 7 years | $975,000 | $3,450,000 |
| 68 | Dallas Area, TX | 8 years | $400,000 | $1,425,000 |
| 69 | Dallas Area, TX | 5 years | $928,000 | $2,025,000 |
| 70 | San Angelo, TX | 6 years | $265,000 | $531,915 |
| 71 | Dallas Area, TX | 2 years | $365,000 | $625,000 |
| 72 | Dallas Area, TX | 8 years | $60,000 | $100,000 |
| 73 | Oklahoma City, OK | 8 years | $841,595 | $1,762,000 |
| 74 | Dallas Area, TX | 7 years | $295,000 | $620,000 |
| 75 | Dallas Area, TX | 6 years | $105,000 | $345,745 |
| 76 | Longview Area, TX | 7 years | $1,406,000 | $2,475,000 |
| 77 | Springfield, MO | 6 years | $983,500 | $1,200,000 |
| 78 | Baton Rouge, LA | 3 years | $630,000 | $720,000 |
| 79 | Shreveport, LA | 4 years | $400,000 | $350,000 |
| 80 | Shreveport, LA | 6 years | $417,000 | $625,000 |
| 81 | Shreveport, LA | 3 years | $575,000 | $600,000 |
| 82 | Dallas Area, TX | 6 years | $1,450,000 | $2,075,000 |
| 83 | Belton, TX | 18 months | $640,000 | $825,000 |
| 84 | Dothan, Al | 3 years | $157,345 | $220,000 |
| 85 | Hardinsburg, Ky | 4 years | $1,250,000 | $1,250,000 |
| 86 | Milan, Tn | 5 years | $350,000 | $525,000 |
| 87 | Crete, NE | 18 months | $450,000 | $570,000 |
| 88 | New Braunfels, TX | 1 year | $537,500 | $838,000 |
| 89 | Eau Claire, WI | 6 months | $670,000 | $1,100,000 |
| 90 | La Junta, CO | 1.5 years | $690,000 | $1,775,000 |
| 91 | Black River Falls, WI | 2.5 years | $350,000 | $700,000 |
| 92 | Hayden, CO | 1.5 years | $1,215,000 | $2,030,000 |
| 93 | Odessa, TX | 1.5 years | $1,900,000 | $3,320,000 |
| 94 | Dilworth, MN | 15 months | $865,000 | $1,550,000 |
| $52,758,440 | $87,008,160 |
Our History of Funds
| Fund Name | Fund Size | Status |
| MHPI III | $10,000,000.00 | Open |
| MHPI II | $5,000,000.00 | Fully Subscribed |
| MHPI I | $2,000,000.00 | Fully Subscribed |
| AHCF 1 | $5,000,000.00 | Fully Subscribed |
| AHCF 2 | $10,000,000.00 | Fully Subscribed |
| AHCF 3 | $10,000,000.00 | Fully Subscribed |
| Alumni 1 | $2,000,000.00 | Fully Subscribed |
| Alumni 2 | $2,000,000.00 | Fully Subscribed |
| Alumni 3 | $3,000,000.00 | Fully Subscribed |
EITHER WRITE SOMETHING WORTH READING OR DO SOMETHING WORTH WRITING.
BENJAMIN FRANKLIN
WHY AFFORDABLE HOUSING?
Helping our investors by helping others help themselves
3 Reasons
Overview
The current economic contraction in the United States has created a rare opportunity in mobile home parks throughout the United States. Due to the economy and tighter credit markets, opportunistic properties in the United States are coming on the market from sellers that need to raise cash or, in some cases, because refinancing simply is not available.
We collectively have over 70 years of experience investing in mobile home parks and other real estate. The Company fully employs its principals’ investment strategy, asset management practices, track record and relationships with lending institutions, professional network, operating platform, and experienced staff in sourcing investments and seeking to minimize investment risk and maximize cash on cash returns.
Our primary strategy is to acquire, add value to, and reposition under-valued, under-managed, under-performing, improperly capitalized, income-generating mobile home properties in the United States. Target communities are primarily either in larger markets or smaller growth markets with diversified employment, with spaces that are medium sized and larger, and with homes in average to good condition.
Stigma Premium
“You will be hard pressed to find a higher yielding asset with an overall lower risk premium.”
Bart Perkins Former CIO of Dole Foods 
THE TEAM
We are a team of self-starters who have built our business from the ground up. We are a relentless pursuit of excellence that does what it takes and we never say die. We are intensely focused on the details but also understand the big picture. We are raving fans of Meaningful Capitalism.
Quick Facts About Us
- We are the 15th largest Mobile Home Park operator in the United States.
- Over $180,000,000 in Assets Under Management
- Over 9,500 units under management across 17 States
- Access to a pipeline of institutional grade assets at, or below, fair value
- Over 75 years of real estate experience
Competitive Advantages
- Long established relationships.
- Proven track record (see above)
- Established processes for all aspects of acquisition, development, management, remarketing, leasing, disposition, accounting, and legal.
- Control of the largest listing service for mobile home parks in the United States with over 1,000,000 unique visitors monthly
Meet The Team
Follow: Ryan Smith
Principal
Mr. Smith, Founder of SmithCompanies.com, has served as President and Chief Executive Officer of CollectMyRent.com...
View profile
Follow: Jamie Smith
Principal
Mrs. Smith is an avid real estate investor with over 9 years of experience investing...
View profile
Dave Reynolds
Principal
Mr. Reynolds is a successful real estate investor that has specialized in the acquisition of...
View profile
Frank Rolfe
Principal
Mr. Rolfe is the principal of Academy Fund, LP., a Class A Member of the...
View profile
Mitch Huhem
Principal
Mr. Huhem is an avid real estate investor with over 18 years of experience investing...
View profile
AN INVESTMENT OPERATION IS ONE WHICH, UPON THOROUGH ANALYSIS, PROMISES SAFETY OF PRINCIPAL AND A SATISFACTORY RETURN. OPERATIONS NOT MEETING THESE REQUIREMENTS ARE SPECULATIVE.
BEN GRAHAM
IN THE NEWS
Others are beginning to take notice.
“If there is anything close to a perfect business, it just might be affordable housing.”
Ben Stein Actor, writer, lawyer, and commentator on political and economic issues
WE DON’T HAVE TO BE SMARTER THAN THE REST. WE HAVE TO BE MORE DISCIPLINED THAN THE REST.
WARREN BUFFETT
CONTACT US