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Heritage values. Inspired operations.

Affordable housing multiplied.

Mobile Home Park Investing

 

Investment Thesis

Park Avenue Partners is a real estate investment partnership that invests in and operates mobile home parks nationwide.

It is our mission both to generate above-average risk-adjusted returns for our limited partners, as well as to increase the supply of affordable housing for low-income Americans.

We value alignment and transparency with our investors.  To that end, we charge neither management fees, nor acquisition fees, nor divestiture fees, nor personal guarantee fees, nor fees of any kind.  We provide detailed quarterly reports on our operations and profitability.  Our investors put up the equity capital, we arrange and often personally guarantee the debt capital, and operate the properties ourselves.  We split profits as follows:

  • A Shares -  50%/50% split of all profits and depreciation

  • B Shares - 12% preferred rate of return, 10% of additional profits and depreciation

We view our unique no-fee business model as being the only way to truly partner with our investors to co-own properties together and make investment decisions that are in everyone’s best interest.

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Jefferson Lilly

Founding, Managing Partner

Jefferson is a mobile home park investment expert and educator. He is responsible for Park Avenue Partners’ strategic direction, acquisitions, and property operations. Prior to founding Park Avenue Partners, he co-founded Park Street Partners, a similar partnership also focussed on acquiring mobile home parks. PSP’s investments are returning 8% -15% cash annually to Limited Partners. Both directly and through his partnerships, Jefferson has acquired 25 MHPs since 2007 coast-to-coast totaling over $56mm in value. He started the industry’s first podcast and the largest group on LinkedIn dedicated to investing in MHPs. Prior to beginning to managing investors’ money in 2014 Jefferson spent seven years investing his own capital in mobile home parks and consulting to high-net-worth families with interests in the manufactured housing industry. Earlier in his career he held a range of consulting and sales positions with Bain & Company, Viacom, and Verisign. Jefferson has been featured in The New York Times, Bloomberg Magazine, and on the Real Money television show. He holds a B.A. from the University of Pennsylvania and an MBA from the Wharton School of Business.

Jefferson’s favorite mobile home is the 1954 Spartan Imperial Mansion, upon which our logo is partially based.

 
 
 

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Coming soon.