Pavilion Estates

Pavilion Estates is a 531-space MHP located in Kalamazoo, MI. We purchased the park in 2014. When we acquired Pavilion, the occupancy was just over 60%. We immediately rehabbed 20+ homes that were part of the acquisition and over the next few years, we brought in more than 30 new homes. Within 4 years, we increased the occupancy to just under 80%.

We sold the community in 2018 for $22 million with a total return of 148%, or 37%/year for investors.