Overview
52TEN Fund II was a $30 million equity fund designed to expand upon the success of Fund I by acquiring larger, higher-quality manufactured housing communities across the Sun Belt. The Fund targeted properties in growth markets with strong demand for affordable housing, focusing on communities with below-market rents, operational inefficiencies, or value-add potential.
The strategy emphasized conservative underwriting and stability while creating upside through professional management, capital improvements, and rebranding initiatives. Each acquisition was structured with a long-term vision, typically a 5–7 year hold, with opportunities to enhance resident experience, optimize occupancy, and align rental rates with market levels. The portfolio includes multiple family-oriented manufactured housing communities such as Palm Harbor Estates, Stone Haven, Oak Haven, and Eagle Valley Estates, each with tailored business plans ranging from utility upgrades and amenity improvements to infill development and strategic rebranding.
Fund II was structured to deliver a 6% preferred annual return with projected overall returns of 14–16%+ annually. Investors benefited from quarterly distributions, independent third-party fund administration, and transparent reporting. The Fund reflects 52TEN’s core philosophy: combining a recession-resistant, income-focused real estate strategy with hands-on execution and an investor-first approach.
Accepted Investors
Accredited
Qualified Purchaser
Family Office
Institutional
Raise Close Date
12/31/2024
Regulation Type
506C
Deal Type
Fund
Asset Location(s)
Arizona
Asset Class(es)
Mobile Home Parks