URL:
Location:
Ladera Ranch, CA
Niche:
Mobile Home Parks
Prior::
Direct

Overall:

Communication/Reporting:

Track Record/Performance:

Sponsor Fees:

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.

Due Diligence & Discussions

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Joel Schaefer

May 09, 2017

I have invested in both PSP MHP funds (I and II). Fund I has been distributing at around 10% clip and Fund II just announced 6% (annualized) for Q4. I was attracted to these guys by the lower fees. Reporting/outlook could be improved

Bob Anderson

Apr 10, 2017

They are pretty much pupils of MHC America founders, Frank and Dave. Invest with the teacher or the pupil?

K V

Mar 13, 2017

Both Jefferson Lilly and Brad Johnson seem to be smart and conservative operators focussing on picking the right parks, driving operational efficiencies and improving park valuations. Their fee and overheard costs are lower. I invested in fund II. It is still in park acquisiton mode, so I can’t comment much on the actual performance. Based on my experience so far, Investor communications and reporting need significant improvement! Hopefully it will get better as they hire people and build stronger organization structure.

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Park Street Partners Park Street Partners
Rated 2.8/5 based on 6 customer reviews

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.