Featured Assets
See below for examples of recent acquisitions
Luhrs Parking Garage
Phoenix, AZ
Luhrs Parking Garage is institutional grade, Class A property located within a 3-minute walk from the Phoenix Suns and Arizona Diamondbacks stadiums. Sunrise negotiated and purchased a high-quality, stabilized asset, at well-below replacement cost, in one of the hottest markets in the nation.
We intend to buy, improve, and hold the Luhrs Parking Garage for decades to come. After optimizing rates and improving operational efficiency, we expect to significantly increase the NOI and overall value of the property. It’s a historical, generational asset in Downtown Phoenix that will provide stable, recurring income for many years into the future. This visibility of income provides safe, predictable cash flow (and clarity) for our Fund 3 partners.
Ridgebrook Hills MHP
Fort Wayne, IN
The Ridgebrook Hills mobile home community in Fort Wayne, Indiana, stands out as a prime investment for several compelling reasons. Upon acquisition, Sunrise Capital Investors (SCI) created an impressive $5.4 million in instant equity, translating to an immediate 20% return on equity for investors. This significant financial uplift showcases SCI’s ability to identify and capitalize on undervalued assets, ensuring immediate value creation.
Ridgebrook Hills MHP, acquired in December 2024, is a landmark project in Fort Wayne, Indiana. Managed by Sunrise Capital Investors, this 738-space mobile home community represents a strategic investment designed to revitalize and enhance its value. The project focuses on leveraging the property’s high occupancy and desirable location to establish a premier affordable housing option in the region.
Princess St Parking Lot
Wilmington, NC
Sunrise negotiated a $695k purchase price, which pencils out to a 9.3 capitalization rate at acquisition. Based on the purchase appraisal of $1mm, we were able to achieve a 43% return on equity on day one. Our long-term lease provides stable, recurring income for many years into the future. This visibility of income over the next decade provides safe, predictable cash flow (and clarity) for our Fund 3 partners.
North Beach Parking Plaza
Clearwater Beach, FL
This off-market acquisition is an institutional grade, Class A property where visitors park to enjoy the #1 beach in the country. With lack of parking supply and massive demand, the City built North Beach Parking Plaza brand new in 2017. It’s a generational asset on Clearwater Beach with a long-term lease that provides stable, recurring income for many years into the future. This visibility of income over the next decade provides safe, predictable cash flow (and clarity) for our Fund 3 partners.
Park Estates MHP
Twin Cities, MN
With no broker involved, this mobile home park is a true off-market deal being purchased from a long-time, legacy owner who has overseen the asset for over 40 years. Currently charging 32% below market rent, this property epitomizes our traditional light value-add transaction, Based on the appraisal of $10.82mm, we are able to achieve a 30% return on equity on day one.
Timberview MHP
Valdosta, GA
Sourced via cold-call and negotiated direct-to-owner, this asset appraised for $680k above the purchase price. Based on the appraisal of $2.33mm, we were able to achieve a 41% return on equity on day one. Once the business plan has been executed, we project this asset will significantly outpace the metrics necessary to exceed investors’ Fund 3 projections.
Tilghman MHP
Federalsburg, MD
According to the purchase appraisal, the prospective value upon stabilization for this asset is $2.07mm. That pencils out to a 38% increase in property value within the first two years. Our buy, improve, refinance, and hold strategy in Tilghman MHP will generate cash flow & build legacy wealth for all of the investors in Fund 3.
Illinois MHP Portfolio
Northern, IL
Acquired with a nice margin of safety, the assets appraised significantly above the purchase price at acquisition (by several million dollars). Sourced via long-term relationship and negotiated direct-to-owner, these properties currently charge 29% below market rents. Per the appraisal, these assets have a stabilized value over $23mm. This property epitomizes our traditional light value-add transaction, and implementation of the business model will drive further value for Fund 3 investors during the holding period.
Dutch Gardens MHP
Rome, GA
Acquired with a nice margin of safety, this asset appraised for $430k above the purchase price at acquisition. Based on the appraisal of $2.63mm, we were able to achieve a 20% return on equity on day one. Our buy, improve, refinance, and hold strategy in this property will help generate cash flow & build legacy wealth for all of the investors in Fund 3.