4 ways to invest in MHP’s with Vintage
MHP Fund (10-15 deals at maturity)
MHP Deals (one at a time)
1031s ($1M+)
Invest in a tax-efficient, income-generating asset class with a $100M+ track record. Vintage MHP Fund is built for long-term capital preservation and upside, backed by one of the most resilient sectors in real estate.
Accredited Investors Only
Steady income
Investors receive monthly distributions starting in their second month.
Depreciation benefits
The fund may benefit from bonus depreciation and pass-through loss treatment.
Resilient Asset Class
Mobile home parks are historically stable, with low turnover and recession-resistant demand.
Proven Track Record
Over $100MM invested across dozens of properties by a cycle-tested leadership team.
The information discussed herein is for informational purposes only, and is not intended to provide, and should not be relied on, for investment, tax, legal or accounting advice The contents of this presentation are not provided regarding your specific investment objectives, financial situation, tax exposure or particular needs Nothing presented should be used as the basis for making any specific investment, business or commercial decision You should consult your personal tax, legal and accounting advisors before engaging in any transaction You should carefully read the final offering memorandum, limited liability company agreement and/or other supplemental and controlling documents before making an investment decision regarding any security Investments, including interests in real estate and private equity funds, are subject to investment, tax, regulatory, market, macro economic and other risks, including loss of the principal amount invested Past performance as well as any projection or forecast used or discussed in this presentation are not indicative of future or likely performance of any investment product Statements may be forward looking, and such statements necessarily involve known and unknown risks and uncertainties that may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such statements To the extent provided, target returns are presented in order to help prospective investors understand the applicable investment strategy in comparison to other investment strategies Targeted investment characteristics and return profiles are for informational purposes only, are not indicative of future results, and are not guarantees There can be no assurance that any investment will have these characteristics or terms, that targeted returns will be met, or that investor capital will not be lost While Vintage believes the information presented herein is reasonable under current circumstances, actual realized returns for any investment will depend on a variety of factors, all of which may differ from the assumptions on which any projections contained herein are based
MHP CASE STUDY
22.1% Net IRR: Another Successful Investment
Vintage Capital’s 112-lot mobile home park near Charlotte delivered a 22.1 % IRR and 2.33× equity multiple over five years—after refinancing returned almost all investor capital—so investors could either cash out at a $6.6 M valuation or stay for ongoing, low-risk cash flow; building on this success, Vintage now offers a diversified MHP fund and new individual deals.
Vintage’s principals purchased a 112-lot mobile home park 30 minutes from downtown Charlotte with our operating partner five years ago for $3.4MM.
Since then net operating income increased substantially (via the addition of new homes and reasonable rent increases), which enabled consistent and growing distributions.
The debt was refinanced last year based on a valuation of $6.6MM, enabling a near full return of investors’ capital.
At this point the property is a great long-term hold, but also has less upside moving forward. Considering this our investors were given the option to stay in the deal or exit based on that same appraised $6.6MM valuation.
This represents a net IRR to our investors of 22.1% and a 2.33x multiple on invested capital over the five-year life of the deal, and a value that the initial pro forma had not projected achieving until 2029. Some investors were thrilled to take this offer and be bought out; others elected to remain in the deal for a possible lifetime hold of growing distributions (with no real risk given the previous capital return). Either way, a great decision to be faced with. The buyout closed earlier this month.
This deal is a prime example of why we love this asset class (stable and growing cash flow, which is ideal for long-term holds with periodic refinances), and why focusing on higher-quality markets and partners is so critical.
