Real Estate Investment Offering For Manufactured Housing Community In Las Vegas

Real Estate Investment Offering For Manufactured Housing Community In Las Vegas

The real estate investment platform RealtyMogul is providing accredited investors with access to a private equity real estate investment in a manufactured housing community in Las Vegas, NV, with an 18.5% target internal rate of return (IRR) and a 12.5% target cash-on-cash return.

Get offering details on RealtyMogul

West Valley MHC is a 4-star, institutional investment quality community in the Spring Valley submarket of Las Vegas, NV. The property has 411 developed sites with average site rent of $811 per month.

The sponsor intends to complete a value-add strategy that involves increasing the number of occupied sites, increasing rents and further boosting the net operating income with reduced operating costs.

Investment Highlights: The property is located within one of Las Vegas’s strongest housing submarkets, within a 5-minute drive from the Las Vegas Strip and the region’s highest-grossing retail and commercial centers.

Las Vegas is currently one of the top 5 rated rental markets in the U.S. in terms of rent growth and demand, which is fueled by a diversified resident base and a fast-growing technology sector.

  • Minimum investment: $35,000
  • Target investor IRR: 18.15%
  • Target equity multiple: 1.51x
  • Target average cash yield: 12.5%
  • Target investment term: 3 years

Deal Sponsor: The investment opportunity is being offered by Prairie LaSalle Partners. The company was formed to execute value-add investments in the manufactured housing and workforce development space.

Details on this offering and other private equity real estate investments can be found on Benzinga Alternative Investments.

Posted In: Alternative investmentsManufactured Housingmobile home parkoffering announcementreal estate crowdfundingRealtyMogulReal Estate
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