Wichita Manufactured Housing Portfolio
Status
Closed An equity offering to acquire a 557-pad manufactured housing portfolio in Wichita, Kansas, with opportunities for improvements in rents, lease-up, and operating costs.
Location
Wichita, KS
Investment Strategy
Value-Add
Property Type
Manufactured Housing
Open To
Accredited Investors
Closed Date
Apr 2020
Investment Strategies
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Sponsor Details
Other Offerings by The BoaVida Group
Sponsor Designation
CrowdStreet categorizes sponsors based on their experience and track record so our investors can get a sense of the firm behind the deal.
Enterprise
FIRM AGE15+ YEARS
LEADERSHIP EXPERIENCE30+ YEARS
PORTFOLIO VALUE$5 B +
National Platform
Ranked in the top 250 for estimated value of total holdings per Real Capital Analytics
Tenured
FIRM AGE10+ YEARS
LEADERSHIP EXPERIENCE20+ YEARS
PORTFOLIO VALUE$500 MM +
Leadership has invested together over multiple cycles
Dedicated investor relations and accounting staff
Seasoned
FIRM AGE5+ YEARS
LEADERSHIP EXPERIENCE10+ YEARS
PORTFOLIO VALUE$100 MM +
Network of repeat investors
Established banking relationships
Affiliations with national industry associations ULI, NAOIP, CCIM, SIOR or IREM
Emerging
FIRM AGE< 5 YEARS
LEADERSHIP EXPERIENCE2-5 YEARS
PORTFOLIO VALUE< $100 MM +
Strong leadership experience
Experience in the proposed asset class and geographic market
Experience in managing individual investors
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Investor Equity
$6,600,000
30.0%
Sponsor Co-Investment
$400,000
1.8%
BoaVida Fund LP Equity
$1,000,000
4.5%
Senior Debt
$14,000,000
63.6%
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Total
$22,000,000
100%
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On the CrowdStreet platform, offerings are treated pari-passu. |
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