Berkadia Manufactured Housing is pleased to present the Western Pennsylvania Portfolio, comprised of 435 sites across 5 communities. Three of the communities are concentrated along the high‑growth corridor between Pittsburgh, PA and Morgantown, WV, benefiting from strong regional employment, stable blue‑collar demand, and proximity to major interstate routes. The remaining two communities are located north of Pittsburgh, within approximately 45 minutes of each other, providing operational efficiencies and scale in a supply‑constrained submarket.

Rents are meaningfully below prevailing market levels, offering an immediate mark‑to‑market opportunity through modest, justifiable increases. Additionally, occupancy across the portfolio is well below stabilized levels for the region, providing a clear path to value creation via infill of vacant pads or home sales.

The portfolio offers investors a rare opportunity to acquire scale in Western Pennsylvania with multiple levers for NOI growth: organic rent increases from below‑market lot rents, occupancy gains driven by infill and improved operations, and potential operational efficiencies created by geographically clustered assets. These characteristics positions the portfolio as a compelling value‑add manufactured housing investment with substantial upside potential.