Real Estate Investment Offering For Manufactured Housing Community In Las Vegas

The real estate investment platform RealtyMogul is providing accredited investors with access to a private equity real estate investment in a manufactured housing community in Las Vegas, NV, with an 18.5% target internal rate of return (IRR) and a 12.5% target cash-on-cash return.

Get offering details on RealtyMogul

West Valley MHC is a 4-star, institutional investment quality community in the Spring Valley submarket of Las Vegas, NV. The property has 411 developed sites with average site rent of $811 per month.

The sponsor intends to complete a value-add strategy that involves increasing the number of occupied sites, increasing rents and further boosting the net operating income with reduced operating costs.

Investment Highlights: The property is located within one of Las Vegas’s strongest housing submarkets, within a 5-minute drive from the Las Vegas Strip and the region’s highest-grossing retail and commercial centers.

Las Vegas is currently one of the top 5 rated rental markets in the U.S. in terms of rent growth and demand, which is fueled by a diversified resident base and a fast-growing technology sector.

• Minimum investment: $35,000
• Target investor IRR: 18.15%
• Target equity multiple: 1.51x
• Target average cash yield: 12.5%
• Target investment term: 3 years

Deal Sponsor: The investment opportunity is being offered by Prairie LaSalle Partners. The company was formed to execute value-add investments in the manufactured housing and workforce development space.

Details on this offering and other private equity real estate investments can be found on Benzinga Alternative Investments.