| There are 24 park-owned homes with 19 occupied. By selling off the homes to tenants operating expenses can be reduced while reducing the basis. |
| Stabilizing the communities from 52% to 62% occupancy by leasing the 5 vacant POH and then infilling additional vacant sites to achieve 95%+ occupancy |
| The property is licensed for 30 additional sites on top of the existing 69 for a total of 99 sites leaving opportunity for possible expansion. |
| Expense ratios will improve as infill drives revenue. This will lead to a substantial increase in yield. |
| Located within 45 miles of Redding and 28 miles of Chico and their employment centers. |
| Infilling park-models RVs for rent or sale could accelerate the lease up timeline. |
Mike Nissley
Colliers Manufactured Housing & RV Group