04/24/2018
There is good news to report. MHC America Fund, LLC has commenced acquiring properties, and we are excited to share the latest property announcement with you.
For more information, visit http://www.mhcamerica.com
MHC America Fund, LLC has made an acquisition of a property located in Clifton, CO - this acquisition adds 114 lots to the portfolio. Additional information can be found below.
Strategy
The primary objective for this asset is to drive NOI (Net Operating Income) growth by raising rents over time, billback for water and sewer over time and fill vacant lots.
Market Overview
Grand Junction is the county seat of Mesa County, and has a metro population of 146,592. Major contributors to the economy are health care, city and county government, the school district, tourism, agriculture and energy, as well as a diverse mixture of manufacturing and service industries. Powderhorn Resort and other ski resorts are also major employers. Grand Junction also has a severe shortage of affordable housing. The median home price is $173,900 and the average 3-bedroom apartment rent is $1,181 per month.
Property Information
Park Name: Picture Ranch MHC
Address: 3251 E Rd, Clifton, CO 81520
Features: Good market. Strong demand for affordable housing.
Lots: 114
Purchase Price: $5,350,000
We are currently readying several additional closings and we look forward to communicating each one to you as it happens. In the meantime, if you should have any questions, please contact me directly at 407-602-7662 or email me at [email protected].
Best regards,
Ryan Smith
Direct: (407) 602-7662
Email: [email protected]
MHCA Management, LLC (Fund Manager) a Delaware Limited Liability Company
MHC America, LLC (Fund Sponsor) a Delaware Limited
For more information, visit http://www.mhcamerica.com
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Disclaimer
This is neither an offer to sell nor a solicitation of an offer to buy the securities described herein.
THE OFFERING IS MADE ONLY BY THE PRIVATE PLACEMENT MEMORANDUM. THIS MATERIAL MUST BE READ IN CONJUNCTION WITH THE PRIVATE PLACEMENT MEMORANDUM IN ORDER TO UNDERSTAND FULLY ALL OF THE INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES ASSOCIATED WITH AN INVESTMENT IN THE SECURITIES TO WHICH IT RELATES AND MUST NOT BE RELIED UPON TO MAKE AN INVESTMENT DECISION.
The underlying assumptions and any forward looking statements herein may not be accurate, the projections herein shown may not occur, and actual results could differ materially due to risks and uncertainties that are beyond the Company’s ability to control or accurately predict. To the extent the information in this communication conflicts with the information in the Private Placement Memorandum, the information in the Private Placement Memorandum shall govern.
The securities offered are an illiquid investment and involve a high degree of risk; Investors should be able to bear the loss of some or all of their investment. Investors should read and understand all of the risks and the entire Private Placement Memorandum before making a decision to invest.
Past performance is no indication of future results and there can be no assurance that MHC America Fund, LLC will be able to execute the investment objectives for the Properties or the Offering.
This material is for general information purposes only and does not constitute legal, tax, investment or other professional advice on any subject matter. Information provided is not all-inclusive and should not be relied upon as being all-inclusive.
Any capitalized terms used but not otherwise defined in this Presentation shall have the meanings set forth in the Private Placement Memorandum.
Any reference to “we”, “our” or “fund”, regardless of capitalization, shall refer to MHC America Fund, LLC, and its Affiliates.
For more information, visit http://www.mhcamerica.com