Our track record is only as strong as the performance of the individual assets acquired for our five funds — four of which are closed to new investments.
Nautica Parking Facility
Off-Market Acquisition | Q1 2026
Nautica Parking Facility
Boston, MA
The Nautica Parking Facility is a 297-space covered garage located in Boston’s Charlestown Navy Yard, one of the city’s most supply-constrained waterfront submarkets. The asset combines immediate cash flow, a highly desirable urban location, and visible operational upside supported by a practical parking optimization strategy.
What makes Nautica especially compelling is that it already performs as an operating asset while still offering multiple ways to improve revenue and efficiency. This is not a redevelopment story. It is an institutional-quality parking asset where Sunrise can apply a repeatable operating playbook to improve pricing, utilization, technology, and expense control in a market with durable year-round demand.
Courtyard Estates MHP Portfolio
Off-Market Acquisition | Q4 2025
Courtyard Estates
Columbus Area, OH
Courtyard Estates sits within one of Ohio’s strongest and fastest-growing metros, approximately 15 minutes from downtown Columbus. This 67-site manufactured housing community is supported by steady job growth and long-term demand for affordable housing.
At the time of acquisition, the property was approximately 87% occupied, with a majority of homes owned by residents. The asset benefits from a stable resident base and a market where housing affordability continues to be under pressure.
The Meadows MHP Portfolio
Off-Market Acquisition | Q4 2025
The Meadows
Pittsburgh, PA
The Meadows is a 118-site manufactured housing community located roughly 30 minutes outside the Pittsburgh metro area. This property was acquired with meaningful vacancy, creating a clear opportunity to improve performance through stabilization and disciplined management.
At acquisition, lot rents were below prevailing market levels, and the community had room to improve both occupancy and operations. Sunrise has implemented a fully funded capital plan focused on renovating homes, adding new units, and improving day-to-day efficiency across the property.
Bellecrest MHP Portfolio
Off-Market Acquisition | Q4 2025
Bellecrest
Hattiesburg, MS
Bellecrest is a long-established manufactured housing community in the Hattiesburg MSA that combines durable cash flow, a stable resident base, and meaningful internal growth potential. The property has already demonstrated years of consistent Sunrise operations, making it a proven asset rather than a speculative turnaround.
What made Bellecrest especially attractive was the ability to build on that stable foundation through phased infill, targeted capital improvements, and a more coordinated operating approach. This balance of proven performance and clearly executable upside made Bellecrest a strong fit for Sunrise Capital’s long-term investment strategy.
Sherman Estates MHP Portfolio
Off-Market Acquisition | Q4 2025
Sherman Estates
Cincinnati, OH
Sherman Estates is a well-located manufactured housing community in the greater Cincinnati MSA that combines durable in-place income with clear, operationally driven upside. The asset benefits from a long-established resident base, limited competing affordable housing supply, and a market supported by continued growth along Cincinnati’s southern corridor.
What made Sherman particularly compelling was not the need for a dramatic turnaround, but the opportunity to apply Sunrise’s disciplined operating approach to a stable community with additional room for performance improvement. That combination of reliable cash flow, favorable market positioning, and measurable internal upside aligned closely with Sunrise Capital’s long-term acquisition strategy.
Cedarhurst & Walston MHP
Date Acquired | Q4 2025
Cedarhurst & Walston
Salisbury, MD
Cedarhurst & Walston MHPs are all-ages, affordable housing communities totaling 180 spaces along Maryland’s Eastern Shore. Both were acquired from long-time legacy owners who had developed the properties decades earlier and kept lot rents at just $250 for years, despite market rents having moved north of $400.
Today, while these communities were originally acquired in prior Sunrise funds, they are now held within Fund 5, where we continue to own and operate them as part of our long-term strategy to drive additional operational efficiency, appreciation, and cash flow for investors in the years ahead.
Previous Funds’ Assets Case Studies
Zanesville MHP Portfolio
Off-Market Acquisition | Q3 2025
$2.15M in Day One Equity with this 6-park MHP Acquisition, Bringing Our Ohio Market Presence Up to 900 Units
Columbus Area, OH
The Zanesville MHP Portfolio is exactly the kind of acquisition we target at Sunrise Capital Investors: significant margin of safety with day one cash flow.
We acquired this stabilized, income-producing mobile home park portfolio for as part of out mid-Ohio portfolio. On closing day, it delivered $2.15 million in day-one equity to our investors. This deal wasn’t speculative. It was built on margin of safety and long-term fundamentals – and it’s bringing our footprint in this market up to ~900 units, total.
The Bourse Parking Facility
Off-Market Acquisition | Q2 2025
Fully stabilized with a strong in-place operator, clean financials, and no deferred maintenance. And $3.2 million in annualized revenue
Philadephia, PA
In Q2 2025, we acquired a multi-level structured parking garage in the heart of historic downtown Philadelphia—just blocks from Independence Hall, the Liberty Bell, and the National Constitution Center. This off-market acquisition is a prime example of the Fund 4 thesis in action: immediate income, built-in equity, and durable demand in a no-new-supply market.
The property generates over $3.2 million in annualized revenue and offers a 12.7% Day One Return on Equity—all without the need for heavy renovations or repositioning. With tourism, business travel, and civic events consistently drawing traffic to this corridor, this facility offers exceptional income resilience and pricing power.
American Presidential Estates
Off-Market Acquisition| December 2024
503 institutional-grade sites added to our growing Midwest portfolio
Wayne County, MI
This off-market transaction presents an exceptional opportunity to tap into immediate value through rental optimization and operational efficiencies. With our proven value-add strategy, we are positioned to enhance both investor returns and the long-term viability of these communities.
Darby View MHP
Off-Market Acquisition | Q2 2025
Stable cash flow from day one, built-in equity at close, and long-term value through efficient operations
Columbus, Ohio
Darby View is a fully resident-owned mobile home park, meaning there are no park-owned homes on site. This structure dramatically reduces maintenance overhead and turnover risk while promoting long-term tenant stability. At the time of closing, the community was 100% occupied and fully stabilized.
Charlotte Parking Facility
Off-Market Acquisition | December 2024
Walking distance to Charlotte’s Spectrum Center, Bank of America Stadium, and Truist Field
Charlotte, NC
The Charlotte Parking Facility is a seven-story, institutional-grade asset located directly across from the Spectrum Center, home of the Charlotte Hornets. This premier location places it at the heart of one of the fastest-growing cities in the U.S., ensuring steady demand from event-goers, office workers, and downtown visitors. Acquired in an off-market, direct-to-owner transaction, this asset represents a prime example of our ability to secure high-quality investments at a discount in a constrained market.
Central NC MHP Portfolio
Off-Market Acquisition | August 2024
Fund 4 Acquisition
A 50%+ chunk of instant equity
Greater Greensboro, NC
Our latest acquisition in the North Central NC MSA provides a nice 50%+ chunk of instant equity and a significant return for our Fund 4 investors. This acquisition exemplifies our strategy of targeting undervalued assets to generate substantial value for our investors.
Lakeridge Estates MHP
Off-Market Acquisition | March 2024
Fund 4 Acquisition
A resort-style park on a lake
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.
Ridgebrook Hills MHP
Off-Market Acquisition | December 2023
$5.4M in instant equity
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.
Elk Creek Mobile Home Park
Off-Market Acquisition | August 2024
Fund 4 Acquisition
An immediate $2.5 million in instant equity
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.
Miami Village MHP
Off-Market Acquisition | June 2024
Fund 4 Acquisition
An all-ages, affordable 94 spaces community in Fort Wayne, Indiana
Fort Wayne, IN
Like the lion’s share of our deals, Miami Village was acquired through a direct-to-owner transaction, facilitated by our extensive local network. With over 700 units already owned in the Fort Wayne MSA, we were able to significantly leverage existing relationships to purchase this deal in full alignment with our immediate equity, implementing value-add improvements, and achieving substantial returns.
Luhrs Parking Garage
Date Acquired | May 2023
This Legendary Property in Phoenix Is A Pro Sports Fan’s Dream…
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.
Park Estates MHP
Date Acquired | Dec 2021
On Day One, We Realized An Incredible 30% Return…
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.
North Beach Parking Plaza
Date Acquired | May 2022
A High Performing Class A Parking Facility On America’s No.1 Beach
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.
Princess St Parking Lot
Date Acquired | Oct 2020
An exceptional location on a hard signalized corner in a growing market
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.
Ridgeview MHP
Date Acquired | Dec 2018
When We Sell – We Create Massive Equity First. Here’s What We Do Next..
Lockport, NY
Sunrise negotiated a $3.77mm purchase price and began working to improve the community. Capital was infused to fix water leaks and make necessary road repairs.
Prior to sweeping rent control being enacted in NY, Sunrise recaptured a portion of the loss-to-lease. Over three years, lot rents moved to $370. With physical occupancy abutting 100% and strict rent control in place, Sunrise maximized the value of the asset and decided to sell the property. All told, Sunrise created over $1mm of sweat equity in three years.
Huron Estates MHP
Date Acquired | July 2018
A 126% Property Value Increase in 3 Short Years
Cheboygan, MI
Sunrise received a tip from a podcast listener about a community bank that was interested in selling a non-performing MHP note. Sunrise purchased the note for less than $1mm and began renovations, repairing damaged roads, rectifying deferred maintenance, replacing on-site management, stabilizing poor collections, and installing water meters to promote conservation.
Sunrise increased the NOI, boosting revenue and lowering the expense ratio to 48%. Within three years, the property value increased by 126%. Having created significant sweat equity, Sunrise decided to sell the asset for $2.25mm, providing investors with an exceptional risk-adjusted return.
Akron MHP
Date Acquired | Nov 2017
We Increased Lot Rents from $315 to $425. Here’s What Happened Next…
Akron, NY
Sunrise negotiated a $1.4mm purchase price and began the turnaround by power washing all homes, repaving the roads, replacing the leach field, and installing water meters to promote conservation. With a significantly improved quality of life, residents were happy to increase their lot rents from $315 to $425 over a three year period, demonstrated by an increase in both physical and economic occupancy.
Sunrise maximized the value of the asset, and ultimately disposed of the asset for $2.3mm in August 2020. We created nearly $1mm of sweat equity in three years.
Orange City MHP
Date Acquired | July 2017
We Generated A Million in Equity in 3 Short Years with this Florida Park
Orange City, FL
Sunrise negotiated a $1.4mm purchase price and began the turnaround by power washing all homes, repaving the roads, replacing the leach field, and installing water meters to promote conservation. With a significantly improved quality of life, residents were happy to increase their lot rents from $315 to $425 over a three year period, demonstrated by an increase in both physical and economic occupancy.
Sunrise maximized the value of the asset, and ultimately disposed of the asset for $2.3mm in August 2020. We created nearly $1mm of sweat equity in three years.
Blackburn MHP
Date Acquired | Oct 2016
Our Investors Grabbed A 40%+ Return with this Alabama Mobile Home Park
Athens, AL
Sunrise negotiated a $700,000 purchase price and favorable seller-financing with a 25% down payment. Upon acquisition, Sunrise replaced on-site management, power washed all mobile homes, added skirting and shutters to all homes, pumped all septic tanks, and increased curb appeal with improved landscaping.
Once cosmetics improved, Sunrise brought in ten new mobile homes and used lease-option transactions to increase economic occupancy.
Shady Grove Mobile Home Park
Date Acquired | Nov 2015
Immediate Upside with This Virginia Mobile Home Park
Petersburg, VA
Sunrise negotiated a $650,000 purchase price, and the previous owner carried financing with the following terms: 25% down payment, 7% interest, with 25-year amortization. We felt confident in our ability to increase NOI to $120,000 shortly after acquisition by instituting more professional property management.
Upon acquisition, we put proper leasing practices in place, instituted a large scale marketing effort, scrutinized repair & maintenance, cut payroll, and trimmed unnecessary expenses.
Green Level MHP
Date Acquired | Nov 2014
We Doubled the NOI to create an INFINITE Cash-on-Cash Return
Burlington, NC
Green Level MHP was identified through our internal marketing efforts. Green Level was sourced via cold call, and our lead principal Kevin Bupp began negotiations to purchase the property in a direct-to-owner transaction.
When Sunrise took over the property, the park had numerous infrastructure problems, inferior on-site management, below market rents and poor collections. Sunrise doubled the property’s NOI within the first three years of ownership and returned all investor capital along the way.
Country Oaks MHP
Date Acquired | Dec 2012
100% Vacant to 100% Occupied…
Lovejoy, GA
Sunrise negotiated a $200k purchase price and began the top-to-bottom renovation. We brought in a qualified onsite manager to establish law and order. Within twelve months, every home in the community had undergone a complete renovation and the park transformed from 100% vacant to 100% occupied.
Sunrise subsequently executed a cash-out refinance on the property, returning all investor capital in the process. Investors now have an infinite cash-on-cash return while retaining equity in a $1.3mm asset.