Alta Manufactured Home Community

TO VIEW FINANCIALS, CLICK **VIEW OM” OR “SEE DUE DILIGENCE”, SIGN THE CONFIDENTIALITY AGREEMENT, AND YOU WILL HAVE IMMEDIATE ACCESS”. CONTACT JAMARI RIDORE WITH ANY QUESTIONS JAMARI@MHPVALUE.COM The MHP Value Team is pleased to offer for sale South Park, a 25-site mobile home community and one commercial unit located in Des Moines, Iowa. The owner has invested north of $1.1M in community improvements since 2020. Upgrades include new PEX water lines, sewer lines, electrical runs, and full paving throughout the park. Each home has been remodeled with new paint, skirting, and modern interiors featuring updated amenities. Before closing, the owner plans to spend an additional ~$20,000 to seal coat the roads and finish remodeling the remaining 2 vacant homes on site. New concrete patios and driveways have been introduced to each home, and bedrock was placed between units to reduce landscaping costs. The park currently consists of 22 rent-to-own (RTO) homes with an average lot rent of $655/month and an average remaining balance of about $27,000 per home. Each RTO tenant pays an additional $291/month toward ownership, typically with over 10 years remaining on their notes at 9% interest. There are now only 3 vacancies within the asset which include the two vacant park-owned homes and the existing vacant lot with full utility infrastructure in place. There is also one-occupied commercial unit $2100/month (Gross Lease) The investment strategy for South Park centers around infilling the remaining homes and raising rents to market. For further value, an investor can also bring one additional home on site to then infill, increasing cash on cash returns further. A park operator has the opportunity to acquire a majority RTO community with favorable seller financing. Important Note to Prospective Buyers from Pace Morby: Congrats to all new members of the Pace Morby “Creative Finance” and “Subto” communities. We appreciate your interest and enthusiasm. Please note that we work exclusively with qualified, verified buyers. Our clients are not seeking first-time purchasers attempting to acquire mobile home parks with no capital investment. We will also not share proprietary Seller information with any intermediaries, including, but not limited to, scouts, “bird dogs,” or third parties.

Rolling Hills MHP is an all age community located 20 minutes south of Ames, IA and 25 minutes north of the Des Moines, IA MSA. The property is zoned for 126 pads and currently has 81 developed sites, 42 undeveloped licensed sites, and the possibility of further expansion on the western side of the property. The property is currently served by public water and a private sewer lagoon. Lot rents at Rolling Hills are at a modest $320 with similar communities ranging from $400 - $580 per month. This offers new ownership the ability to raise lot rents to market over time for realistic and attainable equity. The property currently consists of 16 tenant owned homes, 16 park owned homes, 8 rent to own homes, 16 abandoned homes, and 3 resident RVs. Ownership pays for water, which is not billed back to the tenants. New ownership could bill back water to further decrease expenses. Current Ownership is willing to offer seller financing to qualified and experienced operators. The financial analysis assumes debt based on the below preferred seller financing terms. Down Payment: 30% Interest Rate: 5% Term: 5 Years Amortization: 30 years Contact Broker for Additional Details

Execute CA Here to Access Due Diligence Documents CBRE's National Manufactured Housing & RV Specialty Practice is pleased to present Capital City Mobile Home Park, a manufactured housing community totaling 32 sites in Des Moines, Iowa - an established, supply-constrained southeast-side submarket of metropolitan Des Moines. The community sits at 1424 E Virginia Ave in Polk County, offering a buyer the operational simplicity of a compact, easily managed footprint within one of the Midwest's most supply-constrained housing markets that keeps replacement competition off the board and supports durable rent growth. The community is approximately 78% occupied, with 25 of 32 sites filled and 7 pads available, providing a clear, identifiable path to net operating income growth through vacant-pad lease-up. The resident base is predominantly tenant-owned which minimizes turnover capital and home-maintenance expense while supporting stable, long-term tenancy. In-place average site-only rent of roughly $620 per month and average occupied home-plus-site rent of approximately $820 leave meaningful room to mark rents to market over time, which is already evidenced by the $750 rate the community quotes incoming tenants. Beyond vacant-pad lease-up and mark-to-market rent growth, the community offers a substantial expense-normalization opportunity: the trailing-twelve operating expense ratio of approximately 40%+ normalizes toward the 35% range under stabilized, market management, driving a material lift in net operating income. Together, vacant-pad lease-up, rent mark-to-market, and water/sewer recapture correction underpin a compelling value-add thesis in a market where new manufactured housing supply is effectively prohibited, ensuring the community's income stream compounds against a fixed competitive set. The community operates as a legal nonconforming manufactured housing use within the City of Des Moines' NM (Neighborhood Mixed-Use - legacy county designation) zoning district, with the right to rebuild following casualty preserved under the City's nonconformity provisions - reinforcing the scarcity value of an irreplaceable infill land position while preserving long-term optionality that supports both income durability and a defensible land basis.

TO VIEW FINANCIALS, CLICK **VIEW OM” OR “SEE DUE DILIGENCE”, SIGN THE CONFIDENTIALITY AGREEMENT, AND YOU WILL HAVE IMMEDIATE ACCESS”. CONTACT JACOB LEWIS WITH ANY QUESTIONS JACOBL@MHPVALUE.COM The MHP Value Team is pleased to offer for sale Oaks Mobile Home & RV Park, a 36-site community located in Independence IA. This property currently operates with 17 occupied lot renters paying $385/M, 6 long-term RV sites paying $225/M, 3 rent-to-own units paying $723/M on average, 3 occupied park-owned homes paying $728/M on average, 1 single-family home rented for $900/M, and 6 vacant lots all equipped with full infrastructure. Oaks MHP presents an attractive opportunity to acquire a cash-flowing manufactured housing community in Independence, Iowa which offers investors an attractive entry Cap rate of 10.57%, while also offering stable in- place cash flow of 15.56% CoC Returns. A new owner can grow NOI through rent increases, occupancy improvements, and utility reimbursement, providing clear opportunities to increase cash flow over the hold period. Important Note to Prospective Buyers from Pace Morby: Congrats to all new members of the Pace Morby “Creative Finance” and “Subto” communities. We appreciate your interest and enthusiasm. Please note that we work exclusively with qualified, verified buyers. Our clients are not seeking first-time purchasers attempting to acquire mobile home parks with no capital investment. We will also not share proprietary Seller information with any intermediaries, including, but not limited to, scouts, “bird dogs,” or third parties.

TO VIEW FINANCIALS, CLICK **VIEW OM” OR “SEE DUE DILIGENCE”, SIGN THE CONFIDENTIALITY AGREEMENT, AND YOU WILL HAVE IMMEDIATE ACCESS”. CONTACT JAMARI RIDORE WITH ANY QUESTIONS JAMARI@MHPVALUE.COM The MHP Value Team is pleased to offer for sale Shady Oaks Mobile Home Park, a 33-site mobile home community located in Cresco, IA. This offering represents a rare opportunity to acquire a fully occupied, stabilized asset comprised entirely of lot renters, delivering immediate and consistent in-place cash flow. Currently operating at 100% occupancy, all 33 sites are tenant-owned homes paying $277 per month in lot rent. This property benefits from city water and sewer services, minimizing operational complexity and reducing infrastructure risk for a new owner. With rents being ~$125 below market, the park presents a clear and executable path to revenue growth through gradual rent adjustments. The investment strategy includes maintaining the park’s strong occupancy while implementing measured rent increases to bring current rents in line with the market. Given the stability of the tenant base and full occupancy, this upside can A new investor has the opportunity to acquire a 100% lot rent community with rents way below market. Doing a $100 rent bump will bring cash on cash returns north of 12% year 1 community, while potentially having redevelopment opportunity down the road as the city needs wants to greenlight a multifamily development in one of the parcels. Important Note to Prospective Buyers from Pace Morby: Congrats to all new members of the Pace Morby “Creative Finance” and “Subto” communities. We appreciate your interest and enthusiasm. Please note that we work exclusively with qualified, verified buyers. Our clients are not seeking first-time purchasers attempting to acquire mobile home parks with no capital investment. We will also not share proprietary Seller information with any intermediaries, including, but not limited to, scouts, “bird dogs,” or third parties.

This 20 lot park currently has 11 mobile homes and 1 single family home on the property. Lot rent is $200/month. There is one park-owned home on the property that rents for $420/month. The POH is a 1983 Marshfield home. The single family home includes a 2-car detached garage and is currently being rented for $510/month in August. The roof was replaced in 2016 and the current owners have windows for the top floor of the home that will be included in the sale. The park is serviced by rural water supply that is billed back to the tenants each month and a septic pond. Garbage is serviced by a dumpster that is paid for by the park owners. All other utilities are direct billed to tenants. Current ownership has updated electrical, placing most wiring underground within the last 5 years. Each lot is equipped with 100-200 amp service. The current owners are responsible for mowing the vacant lots, road maintenance (gravel road), tree trimming, and snow plowing. Tenants are required to maintain their own lots and lawns, a $30 fee is assessed for any tenant who does not mowing their lawn.