CATEGORIES | Debt | Equity | Financial Advisory | Investments | Multifamily | Student Housing
FIDES Capital Partners, LLC ("FIDES") announces that it has arranged the equity investment from an institutional private equity fund on a $23.5 million transaction involving two manufactured housing communities. FIDES' client has acquired and managed over 60 MH/RV parks over the last 20 years. Greg Longoria of FIDES said "One of the parks is in an irreplaceable location in a high-barrier-to-entry market in Northern California. The other park was a "mom & pop" managed park where value can be greatly increased through the ability to stratify rents based on premium home sites. Both are high value-add opportunities that will greatly benefit from our client's institutional expertise and management."