Haven Affordable Housing Fund LLC
What do we do?
Private Equity Fund Sponsor
We sponsor Funds to acquire and build larger portfolios of MHCs and operate them for the Fund
Investment Manager For MHC's
Operating Partner in MHC joint-ventures and provide operations oversight for our investor-owned and joint-venture MHC’s
Manufactured Home Community Operations
Operate MHCs for our sponsored investment opportunities
Why Invest in Manufactured Home Communities?
Higher Cap Rates Than Apartments:
Mobile home communities tend to trade at a capitalization rates (CAP Rates) (net operating income divided by purchase price) anywhere from 2-7 percentage points higher than comparable quality multifamily assets.
Compelling Demand / Supply Imbalance:
Affordable housing is in high demand from young families, middle-aged residents in transition, and seniors on a fixed income.
Barriers to Entry
99% of municipalities nationwide will not issue permits for new mobile home communities. Many have zoning laws that don't allow new manufactured housing communities or make it difficult to develop them.
Tremendous Tax Benefits - Accelerated Depreciation
From an accounting perspective, the majority of a mobile home communities value is comprised of land improvements (roads, underground utilities, and utility lines), which can be depreciated at an accelerated schedule.
No competition from new supply
No competition from new supply – 99% of municipalities will never approve another mobile home park development. If you own one of the few (or only) mobile home communities in town you’re the affordable housing equivalent of Microsoft circa 1997 (monopoly).
Demand for affordable housing is insatiable
51% of U.S. wage earners make less than $30,000 / year. There will always be demand for lower cost housing in this country. We take pride in increasing the supply of quality affordable housing for deserving residents.
Demand for manufactured home community grows with population; demand grows in excess of 2% annually
The Future Of MHC's
With 75 Years of Combined experience, developing and managing manufactured home communities.
Who We Are
NextGen Capital Group is a private real estate investment firm specializing in Mobile Home Community Investing. The company was founded by Thomas Miller, Bernard Ter Keurst, and Anthony Quire which invests in mobile home communities (aka ‘manufactured housing communities’ or ‘trailer parks’) in select markets nationwide. We have sponsored, the Haven Affordable Housing Fund to provide individual investors access to a diversified pool of mobile home communities which are appropriate for accredited investors seeking strong cash flow and capital appreciation. We deliver to our investors superior cash flow returns by acquiring undervalued and underperforming mobile home communities.
We then implement proven value-add asset management systems to aggressively improve operations and profitability. The recent industry track record demonstrates that mobile home community investing delivers superior risk-adjusted returns relative to other real estate investments.
The initial Haven Affordable Housing Fund investment vehicle is making additional acquisitions and accepting new accredited investors. If you would like to gain access to our mobile home park investment opportunities, please click here to register with us.
Learn more about current investment opportunities through the Haven Affordable Housing Fund LLC or through potential joint venture opportunities for larger investors.