{"id":1004487655,"date":"2020-10-27T06:30:00","date_gmt":"2020-10-27T14:30:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004487655"},"modified":"2025-02-19T03:51:20","modified_gmt":"2025-02-19T11:51:20","slug":"midwest-park-capital-launches-10m-mhc-fund","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/midwest-park-capital-launches-10m-mhc-fund\/","title":{"rendered":"Midwest Park Capital Launches $10M MHC Fund"},"content":{"rendered":"
\"\"<\/a>

Image by Downtowngal via Wikimedia Commons<\/em><\/p><\/div>\n

Midwest Park Capital has launched its first manufactured home community fund. The $10 million Mobile Home Park Investment Fund LLC will target a diversified portfolio of low-risk, high cash-flow properties in order to deliver capital preservation, consistent quarterly cash-on-cash income and equity growth.<\/p>\n

The fund will target strong sub-markets in secondary and tertiary markets with annual population growth of more than 4 percent and rental rates below market rate, focusing on communities ranging in size from 75 to 250 units and completed between 1970 and 1990. After purchase, the fund\u2019s strategy is to evaluate and implement capital improvements to the property\u2019s infrastructure and common-area facilities in order to maximize return on investment.   <\/p>\n

Despite being commonly known as mobile homes<\/a>, manufacture housing is not as mobile as many might think. In a press statement,  Jonathan Tuttle, co-manager of the Mobile Home Park Investment Fund, said that most owners of this type of assets tend to sell their property rather than move it. This contributes to the stable cash flow of the communities and\u2014given that some 92 percent of properties still have mom-and-pop ownership\u2014it highlights the fact that the sector is prepared for disruption and acquisition. In addition, these properties have had the lowest failure rate out of all asset types over the last 50 years and bank lending data shows they have been one of the best-performing during the current health crisis, Tuttle noted.<\/p>\n

Answer to affordability <\/h2>\n

According to Co-Manager Cristian Dukes, the fund\u2019s goal is to help solve the affordable housing crisis while providing strong and stable returns to investors. With some 22 million people\u2014or roughly 8 percent of the U.S. population\u2014living in a manufactured home and nearly 60 million people in need of affordable housing, manufactured homes are growing in popularity as a possible alternative.<\/a>         <\/p>\n","protected":false},"excerpt":{"rendered":"

The fund will target secondary and tertiary markets and assets completed between 1970 and 1990. <\/p>\n","protected":false},"author":748,"featured_media":1004487676,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,23891,21742],"tags":[49513],"class_list":["post-1004487655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-national","category-latest","tag-manufactured-housing"],"acf":[],"yoast_head":"\nMidwest Park Capital Launches $10M MHC Fund - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/midwest-park-capital-launches-10m-mhc-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Midwest Park Capital Launches $10M MHC Fund\" \/>\n<meta property=\"og:description\" content=\"The fund will target secondary and tertiary markets and assets completed between 1970 and 1990.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/midwest-park-capital-launches-10m-mhc-fund\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-27T14:30:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-19T11:51:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Image-by-Downtowngal-via-Wikimedia-Commons-e1603803906935.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1307\" \/>\n\t<meta property=\"og:image:height\" content=\"979\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lucia Morosanu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/midwest-park-capital-launches-10m-mhc-fund\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/midwest-park-capital-launches-10m-mhc-fund\\\/\"},\"author\":{\"name\":\"Lucia Morosanu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1077c2cf363c47bc75d1ab4c42b53bb5\"},\"headline\":\"Midwest Park Capital Launches $10M MHC Fund\",\"datePublished\":\"2020-10-27T14:30:00+00:00\",\"dateModified\":\"2025-02-19T11:51:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/midwest-park-capital-launches-10m-mhc-fund\\\/\"},\"wordCount\":326,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/midwest-park-capital-launches-10m-mhc-fund\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2020\\\/10\\\/Image-by-Downtowngal-via-Wikimedia-Commons-e1603803906935.jpg\",\"keywords\":[\"Manufactured Housing\"],\"articleSection\":[\"Investment\",\"National\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/midwest-park-capital-launches-10m-mhc-fund\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/midwest-park-capital-launches-10m-mhc-fund\\\/\",\"name\":\"Midwest Park Capital Launches $10M MHC Fund - 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