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Communication/Reporting:
Track Record/Performance:
Sponsor Fees:
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Park Street Partners has another mobile home park fund. They are similar to MHC America fund. Park Street Partners is a private real estate investment firm founded by Jefferson Lilly and Brad Johnson which invests in mobile home parks (aka manufactured housing communities or trailer parks) coast to coast. We are yield-driven investors. We seek to deliver to our investors superior cash flow returns by acquiring undervalued or underperforming mobile home parks. We then implement aggressive value-add asset management systems to improve operations to and profitability. Our track record demonstrates that mobile home park investing delivers superior risk-adjusted returns relative to other real estate assets.
Our investment vehicles provide access to a diversified pool of mobile home parks and are appropriate for accredited investors seeking yield and capital appreciation opportunities.
Park Street Partners will consider mobile home park investment opportunities nationwide; however, our primary geographic focus is currently on properties located in the greater midwest.
Mar 09, 2019
Fund II has not caught up on the 8% preferred return two and half years into its life. Communication is a hit and miss. Partners have seperated and moved on to launch their own funds. It appears like Jefferson is running PSP alone for all practical purposes. No quarterly reports (they do publish an audio version twice a year though if that counts) or audited financials. They have a couple of parks in the fund that could hit homeruns in near future! Jefferson is a seasoned player in MHP space and I believe he will deliver decent results in the end.
May 09, 2017
I have invested in both PSP MHP funds (I and II).
Performance: excellent
Reporting: poor
Responsiveness: poor
Apr 10, 2017
They are pretty much pupils of MHC America founders, Frank and Dave. Invest with the teacher or the pupil?
To see feedback and discussions from actual Park Street investors, join over 1000 accredited investors at the 506 Investor Group. 506 Group negotiates lower fees and better terms versus investing direct.
Park Street Partners has another mobile home park fund. They are similar to MHC America fund. Park Street Partners is a private real estate investment firm founded by Jefferson Lilly and Brad Johnson which invests in mobile home parks (aka manufactured housing communities or trailer parks) coast to coast. We are yield-driven investors. We seek to deliver to our investors superior cash flow returns by acquiring undervalued or underperforming mobile home parks. We then implement aggressive value-add asset management systems to improve operations to and profitability. Our track record demonstrates that mobile home park investing delivers superior risk-adjusted returns relative to other real estate assets.
Our investment vehicles provide access to a diversified pool of mobile home parks and are appropriate for accredited investors seeking yield and capital appreciation opportunities.
Park Street Partners will consider mobile home park investment opportunities nationwide; however, our primary geographic focus is currently on properties located in the greater midwest.
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