Featured Assets
See below for examples of recent acquisitions
Central NC MHP
Greater Greensboro, NC
The initial challenges included significantly below-market rents (50% below market) and high vacancy rates. Our strategy focuses on recapturing the loss-to-lease by adjusting rents to just below market rates and leveraging the massive infill opportunity with infrastructure already in place. These measures are designed to significantly increase the community’s value without relying on the more challenging infill process.
We acquired this Greensboro-area MHP for $3.7 million, with a current appraised value of $5.6 million. This acquisition adds to the cumulative sweat equity in Fund 4. With planned improvements, we project the park’s value to increase substantially. Our approach includes increasing rents to just below market rates and utilizing the fully modern infrastructure to maximize occupancy and revenue.
Elk Creek MHP
Madisonville, KY
Elk Creek Mobile Home Park is institutional-gem in Madisonville, Kentucky, set to deliver an immediate $2.5 million in instant equity, equivalent to a remarkable 25% return on equity for Fund 4 investors right from the start. This acquisition highlights our continued focus on uncovering undervalued assets and transforming them into high-performing investments for our investors.
Our strategy for Elk Creek includes a light value-add approach, aimed at maximizing returns without extensive overhauls. We plan to recapture lost income by adjusting rents, which are currently below market, and by addressing operational inefficiencies—most notably, canceling a $100K annual cable bill. This move alone will immediately boost the park’s NOI, adding 100% of the savings directly to the bottom line. Additionally, the park’s legacy owner, who has over 30 years of experience, is scaling down operations, offering us the chance to step in and modernize management while enhancing tenant satisfaction.
Lakeridge Estates MHP
Huntsville, OH
Our latest venture in Central Ohio, the Lakeridge mobile home community is delivering an immediate $1.5 million in instant equity, equivalent to an impressive 29% return on equity to Fund 4 investors from the outset. This exceptional opportunity underscores our commitment to identifying and capitalizing on undervalued assets to generate immediate value for our investors.
Lakeridge is a wholly unique asset – for Fund 4 and in general. This is 105 mobile home parks on a beautiful lakefront in Central Ohio. Each home has its own personal dock and seawall, perfect for recreation and watersports. This is an unparalleled blend of luxury with affordability, providing both exceptional affordable housing for as well as very reasonably-priced vacation homes for working Americans . Managed by Sunrise Capital Investors, Lakeridge is more than just an investment—it’s a strategic endeavor to enhance lifestyle and investment returns concurrently.
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.
Ohio MHP Portfolio
Columbus, OH MSA
This two mobile home park portfolio was our final Fund 3 acquisition, bringing the Fund’s day one equity to an impressive $21 million for investors. We purchased this property with a significant margin of safety in the very solid Columbus, Ohio MSA.
A portfolio of two institutional-grade mobile home parks, ideally located in the suburbs of Columbus, where there has recently been $6.76 Billion invested into the downtown area. These parks are positioned to meet the high demand for affordable housing in the area with a 92% combined occupancy rate, with a significant amount of room to run for increasing our investors’ upside through rent increases and light value-add.
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.
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.