• Size: 50-200 Units

    • Vintage: 1990 and newer

    • Mkt Size: Primary and secondary markets

    • Geography: Southeastern US with concentration in Northern Georgia

    • Demographics: Strong MHI to rent ratio. Strong population growth.

  • Majority of deals fall into this category.

    Stabilized occupancy with not a lot of capital required.

    Typical LP Target Return Metrics:

    • 4-5-yr hold

    • 15-17% IRR

    • 1.9-2.0x equity multiple

    • 5+% cash-on-cash

  • Fewer deals fall into this category.

    Non-stabilized occupancy and/or significant capital required.

    Typical LP Target Return Metrics:

    • ± 3-yr hold

    • 18-20% IRR

    • 1.7-1.8x equity multiple

    • 0+% cash-on-cash