Asset Details

Water: municipal

Sewer: municipal

W/S Billing Method: sub-metered

Electric Billing Method: direct

NOI at Purchase: $168,340

Expected NOI Year 5: $179,197

Family Median Income: $52,339

Income Per Capita: $24,800

Population: 241,218 (as of 2016)

Average 2 BR: $709

Average 3 BR: $975

Median Home Price: $115,100



  • Community already sub-metered to recapture water and sewer expenses
  • Few park owned homes
  • High occupancy
  • Good accessibility for commuters

Pro Forma

There can be no assurance that the actual results or developments anticipated will be realized or, even if substantially realized, that they will have the expected consequences to or effects on the Fund (as defined below) or its operations. There can be no assurance that the Fund will achieve its target returns or avoid losses, including loss of principal.

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