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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.
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?
Mar 13, 2017
(Updated on 03/16/2018)
Based on my experience with PSP so far, Investor communications and reporting is very poor. I am unlikely to invest with them again in the future. If this site allowed me to update my ratings, I will lower them.
Aug 29, 2018
Hello KV,
Agreed. Our reporting was not up to par in March of 2017. To address this, we've made significant strides / investments in improving reporting in 2018, including adding an investor portal to the website where investors can see review their holdings, accesss distribution history and view investor statements.
Thank you,
Park Street Partners
Sep 10, 2018
Appreciate your response! I agree that the recent changes like launching the investor portal and moving from paper check to ACH are steps in the right direction. I am hoping to see signficiant improvements in responsiveness and quarterly updates/news letters on performance at property and fund level.
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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