Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 3 Manufactured Housing Communities located in the Bay/Midland/Saginaw MSA (Michigan) Below-Market Rents Current average lot rents across all three communities range from $380 to $470, which is well below the Michigan statewide MH average (often in the $600–$700+ range). Rent increases and value creation are achievable without surpassing regional affordability. Located in Michigan’s Tri-Cities Growth Region These communities are situated in the Tri-Cities area (Bay City, Saginaw, and Midland), home to a combined population of over 250,000 and supported by a diverse economy. Key employers include Dow Inc. (Midland), McLaren Health, Nexteer Automotive, and Delta College. The area has a stable working-class population with increasing demand for affordable housing options. Scalable Turnaround Opportunity With 429 sites across three assets, investors can achieve operational scale while executing a focused lease-up and value-add strategy. Saginaw Bay Estates alone provides nearly 75 percent of the site count and offers immediate scale. Proximity to Major Metro Areas - 1.5 hrs to Detroit - 1 hr to Lansing - 1.5 hrs to Flint and Ann Arbor This proximity allows for access to larger capital, contractor, and tenant bases.