BONITA SPRINGS, Fla.--(BUSINESS WIRE)--Please replace the release dated February 23, 2023 with the following corrected version due to multiple revisions.
The updated release reads:
HAVEN CAPITAL VENTURES ANNOUNCES LAUNCH OF ITS HAVEN FUND II LLC TARGETING MOBILE COMMUNITY MANAGEMENT AND INVESTMENT
Haven Capital Ventures Inc. CEO Thomas O. Miller and CFO/CIO Bradley P. Rymer today announced the launch of its Haven Fund II LLC, targeting the burgeoning sector of Mobile Home Community Management. The Haven Fund II focuses on what is regarded as the lowest-risk and most recession-resistant niche in real estate. The fund is raising $20,000,000 expandable to $50,000,000 and is open to accredited investors with a minimum investment of $50,000.
“Our goal is to establish a capital opportunity that provides an alternative investment vehicle with lower risk than traditional safe harbor securities, the stock market or other real estate investments,” said Miller. “This statistically validated option is expected to return much more than a traditional savings account or CD. Manufactured Home Communities (MHCs) present a commonly misunderstood opportunity. This once ‘best kept secret’ is no longer ‘kept’ if one has been actively screening information focused on real estate asset investments. With the current ripples in the economy and looming threats of recession, MHCs are a tangible asset that facilitates a fundamental domestic need; the ever present demand for affordable housing.”
Haven Capital Ventures outlines several industry dynamics that make manufactured home communities an attractive and profitable commercial real estate investment, including preserved performance throughout economic swings, zoning limitations, fortified barriers to adding supply against increased demand, stable tenancy, and low maintenance costs.
“No other real estate niche is better positioned to profit in good times and in bad than manufactured housing,” said Rymer. “The manufactured housing industry cruised through the Great Recession just fine and has done quite well through the COVID pandemic. Investors will enjoy the benefits of a smart and safe real estate investment in our new Haven Fund II.”
Miller said the Haven Fund II portfolio will be positioned within what proprietary analytics show as emerging compared to the performance booms of similar assets in the sector; regions like the Mid-Atlantic states, overlooked Central Plain cities, areas of the Midwest that will serve future industrial development, and certain Northern Rocky Mountain zones; with some concentration in strategic Southeastern corridors.
The Haven Capital Ventures team is made up of a highly seasoned investment and operations team that is one of the most experienced in the industry, led by Thomas O. Miller, Chief Financial Officer and Chief Investment Officer Bradley Rymer, Chief Operating Officer Anthony Quire, and Chief Technical Officer David Romanoff. Haven Capital Ventures executives have experience at varied levels with the fundamentals of numerous funds sharing similar attributes and purchased, financed, managed, and sold a large number of communities across the US.
For the new Haven Fund II venture, the management team includes an expert group of operations specialists and a top-notch accounting team.
“We look forward to welcoming many future partners who want to join us in capturing the potential of this dynamic real estate opportunity,” said Miller and Rymer.
Haven Capital Ventures Inc. (www.HavenCapitalVentures.com) is a private real estate investment firm that specializes in manufactured housing communities (aka “mobile home parks” or “trailer parks” ) coast to coast. Its private equity funds and joint ventures provide access to a diversified pool of MHCs and are appropriate for accredited investors seeking strong cash flow and capital appreciation. Haven delivers superior cash flow returns and accelerated tax strategies to its investors by acquiring undervalued and underperforming MHCs and implementing proven aggressive value-add asset management systems to improve operations and profitability.
