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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

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 — once the raise is met it stops taking money in. The minimum is $100K, distributions are quarterly, and the target hold is 7 years.

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

Investment Options

ClassPreferred ReturnTarget IRRYr-1 Cashflow (%)Equity MultipleProjected Year-1 DepreciationMinimum InvestmentHold Period (Years)LP / GP Split
Class A7.0%15.0%7.0%2.40x100.0%$1.0M7 yrs80/20
Class B7.0%15.0%7.0%2.30x100.0%$300K7 yrs70/30
Class C7.0%15.0%7.0%2.20x100.0%$100K7 yrs60/40

24 of 24 terms sourced.

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%

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52TEN Fund III

by 52TEN

15.0% target IRR

Mobile Home Communities · Value-Add

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