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29262984

Street Address(es) upon NDA execution, Portland, OR 97205

KS
NE 20220208, MN 40976457 (+2)
Yale Realty & Capital Advisors
DC
SL3058364
Yale Realty & Capital Advisors
Listed by Yale Realty & Capital Advisors
$26,900,000
141 days on market
Updated 135 days ago

250 +/- Site Pacific Northwest Four-Park Portfolio

Details
Property Type Multifamily, Mobile Home Park
Sub Type RV Park
Units 250
Cap Rate 5.5%
NOI $1,480,000
Occupancy 95%
Class B
Buildings 250
Stories 1
Zoning Manufactured Housing
Investment Type Stabilized

Individual or Portfolio Asset Acquisitions | Flexible Take-Down | Strong Occupancy with Rent Growth

Marketing description

PLEASE READ BEFORE REACHING OUT OR REQUESTING MORE INFORMATION

NOTE: Prior to receiving any additional details, including exact location, financials, or due diligence materials, all prospective buyers and investors must first review the Offering Overview and execute the NDA.

Please visit the link below to access the NDA. Once completed, the signed NDA will be delivered directly to our records, and we will provide the full Offering Memorandum and next steps.

Offering Description

Ownership is open to selling the portfolio in whole or in part.
Buyers may acquire individual assets or subsets of the portfolio, providing flexibility for both local operators and regional groups seeking strategic expansion in select markets.

This offering features a four-community, 250+/- site manufactured housing portfolio concentrated in the Pacific Northwest housing market. Located across Washington and Oregon, the portfolio delivers a balanced mix of stabilized performance and value-add upside, with communities positioned in metro-adjacent, regional hub, and coastal submarkets, each undersupplied with quality affordable housing.

All four assets are all-age communities with minimal park-owned homes, which reduces operational complexity and enhances tenant longevity. Three of the four properties are operating at or near full occupancy, supporting consistent in-place cash flow, while the fourth presents a compelling lease-up opportunity with below-market rents and strong demand fundamentals. Across the portfolio, current pad rents remain significantly below local apartment alternatives and single-family housing costs, providing long-term rent growth potential even under existing regulatory frameworks.

The metro-area community benefits from proximity to a major job center, where high home prices and rent burdens create deep demand for attainable housing. The remaining properties are located in secondary and tertiary markets characterized by tight rental supply, low vacancy, and limited new development. Each market features strong resident retention, stable employment drivers, and household income levels well-aligned with existing rent structures.

This portfolio offers immediate scale, a diverse geographic footprint, and exposure to structurally undersupplied housing corridors in the Pacific Northwest. The combination of stable operations, tenant-owned homes, and actionable upside through rent growth and modest infill creates a compelling opportunity for both income-focused and growth-oriented investors seeking to expand their footprint in the manufactured housing sector.

For preliminary questions or to connect directly after reviewing the Overview and NDA, please contact:

Dan Cook
Sr. Director - West Coast
+1 (818) 474-1031
dan@
yaleadvisors.com

Also, please note:

• If you are a principal, deal management will not be conducted through Crexi. Execution of the NDA is required to proceed.

Thank you for your time and consideration.

Investment highlights

  • Flexible Take-Down Structure
    Ownership is open to selling individual assets or subsets of the portfolio.

  • 250 +/- Site All-Age Portfolio | Across WA & OR
    Diversified four-property portfolio offering immediate scale across high-demand, supply-constrained housing markets in the Pacific Northwest.

  • Stabilized Operations | 90%+ Occupancy
    Three fully or near-fully occupied communities generate strong in-place cash flow; one value-add lease-up asset offers near-term upside.

  • Tenant-Owned Homes | Low-Intensity Management
    Primarily resident-owned units across all sites minimize turnover, reduce operational burden, and support long-term income stability.

  • Rent Growth Opportunity | Undermarket Rents in Tight Housing Markets
    Existing pad rents trail local apartment and home rental rates, with embedded upside even within rent control limitations.

  • Essential Asset Class | Long-Term Affordability Demand
    Located in high-barrier submarkets where rising housing costs, limited inventory, and regulatory hurdles elevate the value of existing communities.

Listing Contacts

KS
NE 20220208, MN 40976457 (+2)
Yale Realty & Capital Advisors
DC
SL3058364
Yale Realty & Capital Advisors
Listed by Yale Realty & Capital Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,480,000.00
$123,333.33/mo

Valuation Metrics

0
DSCR
5.5%
Cap Rate
5.5%
ROI

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