CATEGORIES | Debt | Equity | Financial Advisory | Investments | Multifamily | Student Housing
FIDES Capital Partners, LLC (“FIDES”) has been retained by a nationwide owner of manufactured housing communities as the exclusive financial advisor to identify a mezzanine lender or preferred equity investor. “Our client is a vertically integrated national owner of predominantly 3-star all-age MHC assets,” said Peter Suazo of FIDES. “The business plan is to recapitalize a lower-leveraged portfolio and use the proceeds to buyout partners and invest capital back into the assets. This will drive rent growth and enhance the underlying real estate value. FIDES has significant experience in this asset class, and we anticipate robust interest from the institutional market, which has a strong desire to diversity its exposure within the housing asset class.”