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52TEN Fund III

52TEN Fund III, Mobile Home Communities property 1
52TEN Fund III, Mobile Home Communities property 2
52TEN Fund III, Mobile Home Communities property 3
52TEN Fund III, Mobile Home Communities property 4
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52TEN Fund III

by 52TEN

Paid partner. This firm pays DealStack for added distribution and priority among equally matched opportunities. Payment does not change whether the opportunity fits your plan. See what partners pay

15.0%target IRR
$100KMin
7 yrsHold

The short version

52TEN is offering a mobile home communities fund in Arizona. The plan is to buy property that needs work and improve it. You own units in the fund rather than any one property. It is a closed fund raising $60M. The minimum is $100K, distributions are quarterly, and the target hold is 7 years. 52TEN estimates year 1 depreciation at 100% of what you invest; how much of it you can use depends on your own taxes.

Meet the team behind it

A private deal is a bet on the people running it — who they are, what else they've done, and whether this deal looks like it.

52TEN Lead operator

Runs the deal day to day and owns the business plan.

Led by Nate Pattee

View firm
Property details

1 property

Paradise North Estates

18026 N. Cave Creek Rd., Phoenix, AZ 85032

Property Type
Mobile Home Communities
Unit Count
148
Occupancy
98.0%

Investment Options

ClassPreferred ReturnTarget IRRYear-1 Cash FlowEquity MultipleProjected Year-1 DepreciationMinimum InvestmentHold Period (Years)LP / GP Split
Class A7.0% 15.0% 2.0% 2.40x 100.0% $1.0M 7 yrs 80/20
Class B7.0% 15.0% 2.0% 2.30x 100.0% $300K 7 yrs 70/30
Class C7.0% 15.0% 2.0% 2.20x 100.0% $100K 7 yrs 60/40

24 of 24 terms sourced.

How it’s taxed

What you file, and what you could owe, depends on the account you invest from.

The tax form you receive K-1
Potential income tax deduction Not available yet
Does the deal use debt? Not available yet
Accepts IRA money Not available yet
Taxed as a REIT Not available yet
Tax inside an IRA Not available yet

General tax information, not tax advice. Your situation can differ: ask your tax adviser or your IRA custodian.

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52TEN Fund III

52TEN ›

Paid partner. This firm pays DealStack for added distribution and priority among equally matched opportunities. Payment does not change whether the opportunity fits your plan. See what partners pay

Mobile Home Communities · Value-Add · Fund

From their documents

Target 15.0%
Minimum $100K
Plan fit —

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