INVESTOR REVIEW
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Court Street Partners’ Mobile Home Park Investment Fund: Developing Senior Living That’s Affordable and Provides Sizable Investment Returns A 50-Year-Old Investment is Back! James E. Glasgow, a real estate
Every once in awhile, the real estate forces converge to create a great investment opportunity. Because the marketplace is ever-changing, mobile home parks are once again an attractive investment opportunity. Towards Wealth works actively in the Mobile Home Park investment space, with its investment partners and with new mobile home park development syndications in Texas. TODAY, THE NUMBERS WORK. With an opportunity to make huge returns.
investor for more than 35 years, has successfully connected the growing opportunity for Mobile Home Parks (MHPs) with the growing senior population in the U.S. Mr. Glasgow has created the Mobile Home Park In- vestment Fund, dedicated towards the development of a class “A” senior living mobile home park in the San Antonio, Texas area, consisting of between 150 and 200 spaces. MHPs became extremely popular in the United States after World War II, particularly with servicemen on the GI Bill. After falling out of favor during the 1980s & 1990s, MHPs now present a tremendous opportunity for both consumers and developers. MHPs provide the consumer a low-cost housing option, with ownership costing significantly less per square foot than traditional homes. This type of housing is perfectly poised to support the needs of our aging population. According to the United States Census Bureau, the number of Americans age 65 and older is projected to more than double from 47.8 million in 2015 to 98.2 million by 2060, rising to nearly 25 percent of the US popula- tion. Along with this dramatic demo- graphic shift comes the need for many seniors to seek sustainable housing in which they can “age in place.” For many seniors, rising housing costs absorb a greater percentage of their fixed income, therefore making
Real estate investor for more than 35 years, licensed Realtor ® in Texas, and founder of Towards Wealth. MEET JIM GLASGOW
their existing home too big and costly to maintain. At the same time, as health and mobility issues become a greater concern, the layout and design of the home becomes more difficult to navi- gate (with significant home modifica- tions being cost prohibitive). The MHP that is being developed through the Mobile Home Park In- vestment Fund (the first in the San Antonio, TX area in over a decade) is unique, because all the units will be developed with the senior’s quality of life in mind. Demand is strong for high quality MHPs, as most existing MHPs are full and have a sizable waiting list. Mr. Glasgow estimates a total project time line from start to leasing of 24-40 months, in line with similar MHPs. For accredited investors, there’s the opportunity to invest in the Mobile Home Park Investment Fund. The
fund is raising $2,000,000 of equity and plans to utilize bank loans in the amount of $3,000,000 to $3,500,000. The minimum investment is $25,000, and investors can choose a preferred rate of return of 8% plus 60% of the free cash flow, or a 12% preferred rate of return and 10% of free cash flow. (prorated based on amount invested). The project is projected to have income of $1,000,000 per year when fully leased at full rent rates, with annual free cash flow estimated at $450,000. • For more information on the Mobile Home Park Investment Fund, contact James Glasgow at (210) 413-7230 or at jeglasgow@yahoo.com. This is not an offer to sell or a solici- tation of any offer to buy any securities. Offers are made only by Prospectus or Private Placement Memorandum, or other offering materials.
LET’S PUT MOBILE HOME PARK PROFITS IN YOUR POCKET Call Jim at 210-413-7230 or visit www.mobilehomeparkdevelopments.com today!
This is not an offer to sell or a solicitation of any offer to buy any securities. Offers are made only by Prospectus or Private Placement Memorandum, or other offering materials. To obtain further information, you must complete our investor questionnaire and meet the suitability standards required by law. Some opportunities are only available to accredited investors.
INVESTOR REVIEW :: 7
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