CATEGORIES | Debt | Equity | Financial Advisory | Investments | Multifamily | Student Housing
FIDES Capital Partners, LLC ("FIDES") announced today that it has been engaged to assist an acquirer of Manufactured Housing Communities ("MHCs") to form a programmatic equity joint venture to aggregate a geographically diversified portfolio of high-quality MHCs. FIDES' client expects to acquire between $250 to $300 million of MHC properties over the next three to four years. FIDES will approach a targeted list of sophisticated institutional equity sources that have have a desire to enter or expand their investment in this asset class. "We are very excited about this engagement. The sponsor has been in the business since 1997, and the industry fundamentals and return profile are excellent. In our opinion, as a sub-set of the multifamily industry, the relative return profile of MHC investing is very strong." said Greg Longoria of FIDES.