Tampa-Orlando MHC Portfolio

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada. © 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.

Brian Hummell

Director 614.468.5773 brian.hummell@berkadia.com

Manufactured Housing Investment Advisors

ORLANDO, FL OFFICE

300 South Orange Avenue Suite 1500 Orlando, FL 32801

PHOTO GALLERY

38 SITES

Tampa Sun Estates 5

221 Southeast 21st St | Ruskin, FL

32 SITES

Sunshine MHP

1633 Lake Drive | Cocoa, FL

70 SITES

Tampa Sun Estates

10101 N Florida Ave | Tampa, FL

49 SITES

North Orlando Sun Estates

950 South Woodland Ave | Deland, FL

31 SITES

North Orlando Sun Estates 2

481 Sunshine Ct | Deland, FL

36 SITES

Villages Sun Estates

32425 Anglers Ave | Leesburg, FL

6 Properties

256 Sites

Tampa-Orlando MHC Portfolio

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DUBLIN, OH OFFICE

6555 Longshore Street Suite 280 Dublin, OH 43017

Kevan Enger

Senior Managing Director 407.494.8541 kevan.enger@berkadia.com

Ian Hilpl

Managing Director 315.406.0900 ian.hilpl@berkadia.com

Hunter LaRocca

Director 407.227.9643 hunter.larocca@berkadia.com

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Berkadia Manufactured Housing is pleased to present the Tampa- Orlando Portfolio encompassing 256 sites across 6 communities. This portfolio benefits greatly from its location throughout thriving MSA’s in Florida showcasing 108 sites in the Tampa MSA and 148 sites in the Orlando MSA. These areas are experiencing robust growth due to expanding job markets and increasing tourism, accompanied by significant developments in infrastructure and residential construction to support the rising population and business demands. Due to this, the demand of affordable housing is surging, and the rising home prices and rental rates are outpacing income growth. Our rental analysis of 3/2 apartments in both markets shows rates exceeding $1,800, highlighting the attractiveness of manufactured housing as an affordable alternative for potential residents. In addition, this portfolio is currently operating at 75% occupancy, which offers an immediate upside opportunity. Additionally, the opportunity to share staffing resources between these communities will optimize operational efficiencies and reduce overhead costs. Furthermore, the portfolio features a unique mix of MH sites, apartments and rental homes throughout the portfolio that can help diversify income. This offering presents the opportunity to acquire a well-positioned portfolio that allows for scaled entry into key markets, immediate upside in occupancy, and operational efficiencies.

Portfolio Summary

Market

The third-largest city in Florida, Tampa, offers a plethora of outdoor activities, access to professional sports, and a welcoming business climate. The city of Tampa serves a growing population of just under 400,000 residents and is rated as one of the “Most Fun Cities in America” according to WalletHub. Metro Tampa’s almost 3.3 million residents enjoy an average temperature of 73 degrees year-round, are given access to numerous beaches, and benefit from a myriad of employment opportunities.

Tampa, Florida Market

"#12 BEST PLACES TO RETIRE"

#12 BEST PLACES TO RETIRE

“#37 IN JOB GROWTH”

FORBES

“$166B GROSS DOMESTIC PRODUCT”

FORBES

"AN OVERALL SCHOOL GRADE"

NICHE

Orlando, Florida Market

As the fourth-largest city in the state of Florida, Orlando is known for its resorts, nightlife, shopping, and dining options. The city thrives on tourism, and is home to Walt Disney World Resort, Universal Orlando Resort, SeaWorld Orlando, and the LEGOLAND Florida Resort, which when combined bring in approximately 74 million visitors each year. Located in Orange County, the city of Orlando holds the county seat with a population of more than 294,000 residents. While Orlando is in Central Florida and does not have access to the coastal waterways of other major cities in Florida, the area is known as a lake district, with more than 100 lakes in total spread throughout the metro. Lake Harris, which is the largest lake in Orlando, covers almost 14,000 acres.

U.S. WORLD NEWS & REPORTS

“AN OVERALL SCHOOL GRADE”

NICHE

"#23 BEST PLACES FOR BUSINESSES AND CAREERS"

FORBES

"#9 BEST PLACES TO VISIT IN FLORIDA IN 2024"

"#33 BEST CITIES FOR YOUNG PROFESSIONALS IN THE U.S."

NICHE

SCALED ENTRY INTO PROMINENT FLORIDA MSA’S – TAMPA & ORLANDO

DEMAND FOR AFFORDABLE HOUSING

UPSIDE IN FILLING VACANCY

OPPORTUNITY TO SHARE STAFFING

Investment Highlights

MULTIPLE REVENUE STREAMS INCLUDING APARTMENT UNITS & RENTAL HOMES

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COLE WHITAKER

Senior Managing Director 407.481.2126cole.whitaker@berkadia.com

BROKER OF RECORD

Call for Offers: July 18, 2024