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
Ian Hilpl
Managing Director
315.406.0900
ian.hilpl@berkadia.com
Hunter LaRocca
Director
407.227.9643
hunter.larocca@berkadia.com
Kevan Enger
Senior Managing Director
407.494.8541
kevan.enger@berkadia.com
Manufactured Housing Investment Advisors
RICK BRACE
Senior Director 248.341.3319 rick.brace@berkadia.com
MI BROKER OF RECORD
ORLANDO, FL OFFICE
300 South Orange Avenue
Suite 1500
Orlando, FL 32801
DUBLIN, OH OFFICE
6555 Longshore Street
Suite 280
Dublin, OH 43017
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MOUNT PLEASANT, MI (Broadway Acres MHC)
Mount Pleasant is the largest city in Isabella County, offering a blend of small-town charm and vibrant community life. The city is about 30 miles west of the city of Midland and 70 miles north of Lansing, providing residents with access to urban amenities in a short drive.
The Mount Pleasant, Michigan, Micropolitan area has a population of approximately 64,500 people. The city of Mount Pleasant has 21,400 residents, is the largest city in Isabella County. Isabella County has 1,385 workplace establishments that employ over 31,100 workers. Central Michigan University (CMU) is the second-largest local employer, with 2,200 workers. The university recorded fall 2024 enrollment of 14,466 students, up 0.4% from fall 2023. CMU has a $1.2 billion annual economic impact in the state of Michigan.
5%
Unemployement Rate
BEST PLACES
Berkadia Manufactured Housing is pleased to present the Michigan-Wyoming Portfolio. This 400-site offering includes five strategically located mobile home park communities across Michigan and Wyoming. There is a wide array of attractive features, such as public utilities paid by residents, below market rents, and 89% portfolio occupancy. The portfolio enjoys a high level of stabilized occupancy, with most parks operating at or near full capacity. This stability ensures consistent cash flow and reduces the risk associated with tenant turnover. It also allows a new owner to focus their efforts on leasing up the less occupied community and potentially bringing in an additional $86,000 of rental income. Furthermore, current rental rates are positioned below the market average, providing a significant opportunity for revenue enhancement. By aligning rents with market standards, investors can realize increased income while maintaining competitive occupancy levels.
This portfolio is well-suited for investors seeking a balanced combination of stable income and growth potential through strategic rent adjustments and occupancy improvements.
Portfolio Summary
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65 Sites
Park Lane
1700 11th St | Wheatland, WY
64 Sites
Brookhaven
4747 West River Dr | Comstock, MI
69 Sites
University Mobile Estates
11870 Heidelberg Ln | Whitmore Lake, MI
70 Sites
Broadway Acres
5400 Kay Ave | Mount Pleasant, MI
132 Sites
Pontaluna Shores
1281 E Pontaluna Rd | Norton Shores, MI
5 Properties
400 Sites
Michigan-wyoming MHC Portfolio
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Call for Offers: Tuesday, February 11, 2025
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STABILIZED OCCUPANCY AT 4 COMMUNITIES
VACANCY UPSIDE AT BROOKHAVEN
03
04
02
01
BELOW MARKET RENTS
PUBLIC UTILITIES BILLED BACK TO RESIDENTS
investment highlights
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Hidden Oaks MHP & Evergreen Village
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ISABELLA COUNTY Rankings
#20
BEST COUNTIES FOR MI YOUNG PROFESSIONALS
Niche
#23
BEST COUNTIES TO LIVE IN MICHIGAN
Niche
GRAND RAPIDS, MI (Brookhaven MHC)
GRAND RAPIDS Rankings
Situated in the Grand River Valley, the Grand Rapids–Wyoming–Kentwood, MI, Metropolitan region is known for its low cost of living, excellent postsecondary institutions, talented workforce, and high quality of life. The metro area has had numerous expansions and developments that have attracted new firms and created opportunities for job seekers at all levels of their careers. While manufacturing is a dominant segment, Grand Rapids’ economy is quickly diversifying with emerging industries in the life sciences, research and development, aerospace, and agribusiness sectors. Over 130 international companies are in the metro, including several global headquarters. The metro is also home to one of the nation’s largest biopharmaceutical tech clusters.
3%
BELOW NAT’L AVG COST OF LIVING
FORBES
A-
OVERALL SCHOOL GRADE
Niche
#38
BEST CITIES FOR YOUNG PROFESSIONALS
Niche
#45
BEST PLACES TO RETIRE
US NEWS & WORLD REPORT
NORTON SHORES, MI (Pontaluna Shores MHC)
Muskegon County Rankings
Norton Shores is a city located in Muskegon County in the western part of Michigan, about 35 miles northwest of Grand Rapids. It is situated along the eastern shore of Lake Michigan, providing residents and visitors with access to beautiful beaches and waterfront activities. Norton Shores is also adjacent to Muskegon, the largest city and county seat of Muskegon County.
Muskegon County has a diverse economy driven by manufacturing, healthcare, tourism, and agriculture. Manufacturing remains a cornerstone, with companies that include ADAC Automotive, G.E. Aviation, and Port City Group Companies specializing in automotive parts, aerospace components, and industrial equipment. These three companies together employ 2,120 workers in the area. Healthcare is another major sector, anchored by Mercy Health, which provides critical services and employment opportunities for about 4,000 workers.
#6
BEST COUNTY FOR OUTDOOR ACTIVITIES
Niche
8%
BELOW NAT’L AVG COST OF LIVING
BEST PLACES
#16
BEST CITIES FOR YOUNG PROFESSIONALS
Niche
WHITMORE LAKE-ANN ARBOR (University Mobile Estates)
WASHTENAW COUNTY Rankings
Whitmore Lake, Michigan, is an unincorporated community located in the southeastern part of Michigan, primarily within Washtenaw County, with a portion extending into Livingston County. The community is approximately 10 miles north of Ann Arbor, which is the largest city and county seat of Washtenaw County. The community is named after the nearby Whitmore Lake, a prominent geographical feature that offers numerous recreational activities.
Ann Arbor’s excellent reputation for higher education and significant supply of federal funding, with an emphasis on research and development, provide a backbone to all areas of industry and allow regional employers to innovate through various partnerships that are not available in other metros. The University of Michigan is the primary force in this thriving environment. In fall 2024, the university enrolled 52,855 students at its main campus in Ann Arbor, which also directly supported 23,040 jobs. The school also drives apartment demand: approximately 78% of University of Michigan students need off-campus housing.
#1
COUNTY WITH THE BEST MI PUBLIC SCHOOLS
Niche
#2
BEST COUNTY TO LIVE IN MICHIGAN
NICHE
#16
PUBLIC UNIVERSITY IN AMERICA
NICHE - UNIV OF MICHIGAN
WHEATLAND, WY (Park Lane MHC)
Platte County Quick facts
Wheatland is the largest city and county seat of Platte County, in the southeastern part of Wyoming. The city is located approximately 70 miles north of Cheyenne, the state capital. Wheatland is conveniently accessible via Interstate 25, which passes through the city.
Platte County has 426 workplace establishments that employ a total of approximately 4,100 workers. The largest private employers in Platte County include Basin Electric Power Cooperative, with approximately 300 employees; Platte County Memorial Hospital, which supports approximately 150 direct jobs; and Wyoming Premium Farms, with about 100 employees. In recent years, Platte County has seen steady commercial development, with capital expenditures totaling more than $50 million over the past five years.
8,582
2024
population
$66,359
Median HH
Income
$232,000
median Home
price
TOM BRADLEY
Eres Companies
WY BROKER OF RECORD
05
RECENT CAPITAL IMPROVEMENTS