CHR Holdings
3 Mobile Home Park Portfolio
CHR Holdings owned and operated 3 parks in Western Michigan from 2016 to 2021. The parks had more than 200 home sites in 3 cities:
Baltimore Estate MHP - Baltimore, MI
Pine Aire MHP - Comstock Park, MI
Crickelwood MHP - Ravenna, MI
The annualized cash-on-cash return for CHR was 82%, and the annualized IRR was 32%.