Berkadia Manufactured Housing is pleased to present the North Dakota MHC Portfolio. This offering is comprised of 4 communities and 315 total sites. Two communities are located in Jamestown, while the other two are located in Devils Lake. Currently 74% occupied, the portfolio offers a compelling opportunity for investors to capture significant vacancy upside through targeted leasing strategies. A new owner has the opportunity to bring in new homes to infill vacant sites. If 25 homes were leased up in Year 1 at an average lot rent of $392, GPR could increase by $117,600.

Additionally, the North Dakota MHC Portfolio benefits from several operational efficiencies that help support more streamlined ownership. All four communities benefit from public utilities, which help minimize infrastructure-related issues, while the clustered nature of the assets creates shared staffing opportunities that can enhance operational oversight. With only 11% park-owned homes, the portfolio also carries limited exposure to home-related capital expenditures. Further enhancing the investment story, current rents are below market, allowing for future revenue growth through strategic rent increases. Overall, this offering presents a compelling opportunity to acquire a portfolio with immediate upside potential and a clear path to meaningful income growth.

Jamestown, ND

Jamestown, North Dakota is located in Stutsman County and serves as a regional hub in south-central North Dakota and is strategically positioned along Interstate 94 and U.S. Highway 281, providing strong connectivity across the state and region. The city’s historic downtown district along 1st Avenue functions as a commercial and cultural center, offering a mix of local retail, dining, and community amenities. Jamestown’s economy is diverse and stable, supported by key sectors including manufacturing, agriculture and food processing, healthcare, education, and government services. Major employers such as Collins Aerospace, Cavendish Farms, North Dakota State Hospital, Jamestown Regional Medical Center, and the University of Jamestown provide a solid employment base and contribute to economic resilience. The area demonstrates stable population trends with modest growth projections and increasing household incomes, alongside recent home value appreciation, indicating steady demand and overall economic health.

Devils Lake, ND 

Devils Lake is a premier vacation and year-round living destination in NE North Dakota, whose name was derived from the Native American term Minnewaukan, meaning “Spirit Water.” The city is home to the 180,000-acre Devils Lake, North Dakota’s largest natural body of water with hundreds of miles of shoreline. Centered around the prairie lake, the Lake Region is known as the “Perch Capital of the World,” and a premier fishing destination for massive perch, trophy walleye, northern pike, white bass, and world-class ice-fishing. In addition, the region is an oasis for outdoor recreation, offering exceptional hunting, summer boating, hiking, cross-country skiing, golf courses, and state parks. Entertainment can also be found at casino resorts such as Lakeside Spirit Lake Casino and Resort, which offers gaming, dining, and concerts. The Downtown Devils Lake National Historic District features 47 properties listed on the National Register of Historic Places, including the Old Post Office Museum and the Lake Region Heritage Center. The historic downtown offers a variety of local flavor in its retail and dining options, as well as seasonal attractions, such as Ribfest, Wine Walk, or Walleye Tournament.