Read the Investor Deck
Why Haven?
Haven’s Executive Team has enriched experience and development of
Strategic and Predictive Analytics focused on MHC.
Machine-Learning Technology built over 10 years that offers MHC market intelligence
that would cost others hundreds of thousands of dollars and months of development/ familiarity time.
Haven’s Database of MHC Properties has been validated and is automated, Real-Time, for back-end Updates.
Developed over several years and designed at standards of Big-4 Accounting Firms and Top 8 PE Firms, the Chart of Accounts and Reporting is sector-leading.
When even the largest portfolio managers disregard the importance of business intelligence, Haven’s team capitalizes on strategic analytics to build the portfolio and increase returns.
Haven Family of Funds
Key advantages of investing in MHC Funds offered by Haven Capital Ventures
- What MHCs Offer: the most attractive risk-adjusted cash yields available in the current real estate market.
- Low tenant turnover: MHCs experience only 10-15% annual turnover compared to over 60% for apartments.
- Reduced operating expenses: Lower expenses of around 30-35% of revenue compared to the usual 50-60% with apartments.
- Strong pricing power: MHCs have the ability to raise rents without incurring high vacancy rates, thanks to a base of loyal residents.
- Much lower initial capital expenditures: Since most residents own their homes, initial capital expenditures are limited to mostly infrastructure and amenities improvements
- Minimal ongoing capital expenditures: Maintain the value of roads, clubhouses, utility infrastructure, and other common area improvements with an average annual expenditure of $130 per site.
These factors contribute to the superior investment potential and financial performance of MHCs compared to other real estate options.
Invest with Confidence
Partner with us in the booming market of Manufactured Home Communities
Why Invest in Manufactured Home Communities
Investing in manufactured home communities has gained significant traction in recent years, thanks to the growing demand for affordable housing and the stable income streams they offer.
Tremendous Tax Benefits - Accelerated Depreciation
✅ Unlocking Value with Land Improvements: The value of MHCs lies in their land improvements—roads, utilities, and utility lines—that form a substantial part of their appeal.
✅ Accelerated Depreciation for Rapid Growth: Take advantage of accelerated depreciation, allowing up to 75% of your MHC’s purchase price to be depreciated over just 15 years, propelling your investment towards faster growth.
✅ Speedy Returns, Solid Investments: Compared to the lengthy depreciation periods of multi-family units (27.5 years) and commercial properties (39 years), MHCs deliver quicker returns, making them a solid choice for investors seeking rapid gains.
✅ Tax Advantages Amplified: The fast depreciation schedule not only ensures quick returns but also boosts tax advantages, making MHC investments even more attractive to savvy investors.
✅ Maximize Your Investment Potential: MHCs offer attractive tax-advantaged investment opportunities, allowing you to maximize your investment potential with favorable returns and tax benefits.
No competition from new supply
MHC Sector’s Unique Advantage:
✅ Scarcity Drives Monopoly-Like Position: Approximately 99% of municipalities restrict new mobile home park developments, granting existing owners a rare advantage akin to holding a monopoly in the affordable housing market.
✅ Mobile Home Communities as Key Players: In these areas, mobile home communities become the go-to affordable housing option, resembling Microsoft in 1997, wielding significant influence over the local housing market.
✅ Price and Condition Setters: With limited external pressures, community owners can set prices and conditions, leading to increased profitability and stability, but necessitating careful housing policy considerations for affordability and fair competition.
Demand for affordable housing is insatiable
Unlocking Hope: The Drive for Affordable Housing
✅ Empowered by Demand: The demand for affordable housing in the US is fueled by the reality that 51% of U.S. wage earners earn less than $30,000 per year, spurring a nationwide quest for accessible housing solutions.
✅ Answering the Call: A significant portion of the population belongs to this income bracket, creating an ongoing and vital need for lower-cost housing options. We rise to the challenge, providing the solutions that communities seek.
✅ A Proud Commitment: With immense pride, we contribute to the solution by increasing the supply of quality affordable housing. Our mission is to address this pressing need head-on.
✅ More Than Shelter: Beyond providing shelter, our affordable housing initiatives positively impact communities nationwide. Enhancing the well-being and stability of residents remains at the heart of what we do.
✅ A Nationwide Impact: Our efforts are not limited to a single location; they reach across the nation, seeking to improve the living conditions of deserving residents and fostering positive change within communities. Join us in creating a brighter future for all.
Higher Cap Rates Than Apartments
Unlocking Higher Returns with MHC Investments:
✅ Elevated Capitalization Rates (CAP Rates): Compared to similar-quality multifamily assets, Mobile Home Communities (MHCs) generally offer higher CAP Rates, translating to potentially better returns on investment.
✅ The Advantage Explained: CAP Rates for MHCs are derived by dividing net operating income by the purchase price, with a 2 to 7 percentage point difference, making them an attractive investment option.
✅ Driving Higher Returns: Appealing CAP Rates in MHCs result from factors like robust demand for affordable housing and limited competition due to barriers to new supply.
✅ Unlock Profitability: Invest in MHCs for increased cash flow and higher profitability, an excellent choice for enhanced returns.
✅ Discover the Potential: Explore MHC investments and seize the opportunity for higher returns with our expert guidance. Join us on the path to investment success.
Compelling Demand / Supply Imbalance
Unlocking the Power of Affordable Housing:
✅ Universal Demand: A persistent high demand for affordable housing resonates across diverse demographic groups, highlighting its universal importance.
✅ For All Life Stages: Young families seeking stability, middle-aged individuals navigating life transitions, and seniors on fixed incomes all share the same need for affordable housing.
✅ Desirable Living Arrangements: The common thread among these groups is their desire for accessible, comfortable, and secure living arrangements.
✅ Driving the Mission: The ongoing demand underscores the necessity of a consistent supply of affordable housing solutions.
✅ Catering to Communities: Ensuring a steady flow of such housing is vital to meet the diverse needs of different communities. Together, let’s build a brighter future through accessible housing for all.
Barriers to Entry
Breaking Barriers into Opportunities:
✅ Unlocking MHC Potential: The MHC sector presents opportunities, but barriers like limited suitable land, zoning regulations, and land competition can be overcome with the right approach.
✅ Empowering Growth: High capital requirements for infrastructure development don’t have to be roadblocks; they can be stepping stones to success with creative solutions for limited funds.
✅ Mastering Success: Experience and expertise in real estate, property management, tenant relations, and regulations are the keys to triumph, and we’re here to guide industry newcomers past the hurdles.
✅ Expanding Horizons: Limited availability of MHCs for sale in certain markets doesn’t limit your potential; it sparks the hunt for unique investment opportunities that are waiting to be discovered.
✅ Shattering Stigma: We debunk negative perceptions about MHCs, paving the way for potential investors to see beyond the barriers and explore the untapped potential of the MHC market.
FREQUENTLY ASKED QUESTIONS
Once you are prepared to invest, the entire process of creating an account and making investments can be done conveniently online. You will receive prompts to provide or confirm any necessary information and acknowledge important details electronically.
However, if you prefer to schedule a call beforehand, you will be asked to provide your contact information. A member of our investor relations team will then reach out to you, addressing any queries you may have.
💡 Our Funds are currently available through Regulation D 506C as per the Securities Act of 1933, restricting participation to accredited investors only.
💡 To qualify as an accredited investor, one must have an earned income exceeding $200,000 each year for the last two years, or $300,000 combined with a spouse.
💡 The same income level should be reasonably expected to be maintained in the current calendar year.
💡 Another qualifying condition is a net worth exceeding $1 million, either individually or jointly with a spouse.
💡 The primary residence value is excluded from the net worth calculation.
💡 These eligibility requirements are governed by federal regulation.
💡 We plan to introduce Fund options under Regulation A in the future, allowing non-accredited investors to participate.
💡 Recent changes in government rules have broadened the criteria for being recognized as an accredited investor.
💡 For more detailed information, please refer to the next FAQ titled, “Am I An Accredited Investor.“
An accredited investor, in the context of a natural person, includes anyone who:
💡 Has earned income that exceeded $200,000 (or $300,000 together with a spouse) in each of the prior two years, and reasonably expects the same for the current calendar year, OR
💡 Has a net worth over $1 million, either alone or together with a spouse or spousal equivalent (excluding the value of the person’s primary residence), OR
💡 Holds good standing a Series 7, 65 or 82 license
💡 On the income test, the person must satisfy the thresholds for the prior two years consistently either alone or with a spouse, and cannot, for example, satisfy one year based on individual income and the next two years based on joint income with a spouse. The only exception is if a person is married within this period. The person may satisfy the threshold on the basis of joint income for the years during which the person was married and on the basis of individual income for the other years.
💡 In addition, entities such as banks, partnerships, corporations, nonprofits and trusts may be accredited investors. Of the entities that would be considered accredited investors and depending on your circumstances, the following may be relevant to you:
→ Any trust with total assets in excess of $5 million, not formed to specifically purchase the subject securities, and whose purchase is directed by a sophisticated person, OR
→ Certain entity with total investments in excess of $5 million, not formed to specifically purchase the subject securities, OR
→ Any entity in which all the equity owners are accredited investors.
→ In this context, a sophisticated person means the person must have, or the company or private fund offering the securities reasonably believes that this person has, sufficient knowledge and experience in financial and business matters to evaluate the merits and risks of the prospective investment.
You have a range of options for the types of entities or accounts you investing in our funds.
💡 You can invest as an individual.
💡 Joint investments with another person are also an option.
💡 Investments can be made through an LLC (Limited Liability Company).
💡 You can choose to invest via a corporation.
💡 Partnerships can be used for investment purposes.
💡 Your retirement plan/401K can also be utilized for investing.
💡 Most self-directed retirement plans are compatible with our investment options.
💡 Trusts can be used as an investment vehicle.
💡 Select the entity or account type that best fits your investment preferences and objectives.
If you have an existing IRA or 401K from a previous employer, it is likely that you will be able to self-direct all or a portion of it into one of our funds. Check with your current custodian to see if they will allow you to self-direct your retirement account.
If the answer is no, please contact a member of our Investor Relations team and we will introduce you to one of the custodians that we work with that will allow you to invest in alternative assets using your retirement funds.
As a limited partner in the LLC that purchases the properties, you will receive a Form K-1.
A Form K-1 is a tax form used by partnerships to provide investors with detailed information on their share of the partnership’s taxable income. Partnerships are generally not subject to federal or state income tax, but instead issue a Form K-1 to each investor to report his or her share of the partnership’s income, gains, losses, deductions, and credits. The Form K-1s are provided to investors on an annual basis so that each investor can include Form K-1 amounts on his or her tax return.
Our goal is to finalize all Form K-1s annually by March 31st; however, we do rely on outside reporting and may require additional time to furnish the forms in a way that is to the investor’s best advantage. Accordingly, you may be required to obtain one or more extensions for filing federal, state, and local tax returns, but that is not our intention.
You sure can! If you live in another country, depending on how you structure your investment, different documents may be required, but you are still able to invest with us.
💡 Our Funds typically have a duration of about 5 to 10 years.
💡 Funds with shorter or longer durations may be offered.
💡 We plan to introduce “Legacy Wealth Funds” with an extended life as the demand for one materializes.
💡 We hold the right to extend or decrease the duration of a Fund after an investment has been made.
💡 Our flexibility in managing Funds duration allows us the opportunity to maximize the value of your investments in MHCs.
💡 We aim to optimize your investment returns by avoiding forced sales during unfavorable market conditions and capitalizing on opportunities during favorable ones.
💡 We anticipate that longer-term investments in certain properties can capture greater appreciation due to inflation, rising rental values, and favorable market conditions.
💡 In the majority of our Funds, the primary objective is to attain a complete Return of Invested Capital (ROIC) by the conclusion of the fifth year.
💡 If the ROIC target isn’t met by year 5, we plan to liquidate the Fund’s assets to reach this goal while still maximizing returns for our investors.
💡 We maintain a commitment to transparency and effective governance in Fund operations.
💡 Our policy is to capture potential value, maximize returns, and leverage market opportunities, highlighting our dedication to enhancing long-term returns for our investors.
💡 Our funds are investor-focused, putting our investors’ interests first.
💡 Our investment structure initially offers investors an 8% to 10% annual preferred return on their remaining invested capital. This preferred return is prioritized before any disbursement of investor/sponsor splits from the available distributable cash flow.
💡 Our target for stabilized, income-producing properties is to achieve mid-teens to low-twenties annual equity returns from cash flow generated by operations.
💡 During the entire investment duration, our objective is to aim for mid-to-high-twenties annualized equity returns (IRR). However, it’s important to note that the actual equity returns may vary depending on the type of investment and the leverage employed.
💡 The majority of Funds are designed to achieve a Return-of-Invested-Capital (ROIC) within the first 5 years of operation. This means investors can anticipate receiving their entire invested capital back during this period. Following this, investors will continue to retain their position in the Fund and will have the freedom to reinvest or utilize their initial investment as they see fit.
💡 In cases where we invest in properties needing significant repositioning through capital and marketing investments, we may prioritize long-term gains over near-term distributions. This could involve foregoing immediate distributions to achieve higher gains upon the property’s sale.
💡 For such investments, we aim for higher equity returns to compensate for the added risk.
💡 Our Funds typically pay distributions on a quarterly basis, although we reserve the right to alter this frequency at our discretion throughout the Fund’s duration.
💡 There may be cases where we offer funds that provide monthly distributions.
💡 The decision to change distribution frequency is influenced by factors such as the property’s cash flow and required capital expenditures.
💡 On occasions, a property’s cash flow may not be adequate to support a current distribution.
💡 Our Funds may invest in properties with the aim of delaying immediate distributions while executing a capital and repositioning program.
💡 We prioritize the long-term success and value enhancement of our investments, which may impact the timing and frequency of distributions.
💡 Our investor-focused Funds are designed to prioritize investor’s interests, leading us to calculate our Fund Management Fee based on the appraised value of the assets we manage.
💡 Our fee structure is founded on the belief that it is reasonable when compared to other private fund managers operating in the same asset class. In fact, our fees per lot (door) are lower than those associated with other real estate investment classes where the fee per door is the standard comparison. We prioritize transparency and fairness in providing our investors with a competitive and advantageous investment opportunity.
💡 During operations, our fee structure comprises several components:
1. Asset management fees, which are calculated based on the gross revenues generated by the properties under our management.
2. Transaction fees, which are associated with the acquisition and disposal of properties within the investment portfolio.
3. An investor/management split, which is determined based on the distributable cash flow of the investments, ensuring a fair distribution between investors and management.
💡 These fees collectively cover the monthly operational expenses at Haven Capital Ventures, while the investor/management splits motivate us to optimize an investment’s performance.
We firmly believe that investing in Manufactured Home Communities (MHCs) carries lower risks compared to many other types of investments, including other real estate asset classes. Historically, real estate has shown to be less volatile than the stock market, and properties tend to appreciate over time due to inflation driving up revenues. These factors contribute to the overall stability and potential for favorable returns in MHC investments.
Every asset undergoes extensive research and thorough due diligence before being considered for investment. This meticulous process ensures that we maintain a high degree of making well informed investment decisions, providing our investors with a sense security and confidence in their investment journey.
About Us
Haven Capital Ventures is a privately-held real estate investment and syndication firm that specializes in Manufactured Housing Community Investing (MHC). Our team, with over 70 years of real estate including over 35 years of MHC experience, consists of Thomas Miller, Bradley P. Rymer, Anthony T. Quire, and David Romanoff, is dedicated to investing in MHCs, also known as ‘Mobile Home Communities’ or ‘trailer parks,’ in carefully selected markets across the country.
We have introduced the Haven Family of Funds to provide individual investors with access to a diversified pool of mobile home communities. These funds are designed for accredited investors seeking robust cash flow and capital appreciation opportunities. Our focus is on acquiring undervalued and underperforming MHCs, ensuring superior cash flow returns for our investors.
At Haven Capital Ventures, we go beyond acquisition. We implement proven value-add asset management systems, enabling us to enhance operations and profitability significantly. Our team’s track record in the industry demonstrates that mobile home community investing offers superior risk-adjusted returns compared to other real estate investments.
Our initial investment vehicle, the Haven Fund II LLC, continues to acquire new properties and welcomes new accredited investors. You can learn more about the current investment opportunities available through the Haven Family of Funds by reading our Investor Deck and then clicking on any of the “GET STARTED” links.
In addition to our primary investment strategy, Haven Capital Ventures actively engages in Joint Venture projects with investors who are interested in larger-scale opportunities. We enthusiastically welcome collaboration and partnership, as we believe in the power of working together towards shared success. Our firm is open to exploring joint ventures and serving as willing participants, leveraging our expertise and resources to maximize the potential of such projects.
If you would like more information about our investment options or are interested in exploring potential collaborations, we encourage you to reach out and schedule a call with one of our executives. They will be able to provide you with detailed information and address any inquiries you may have.
Private Equity Fund Sponsor
We sponsor Private Equity Funds to enable investors desiring to make smaller investments in a larger portfolio of MHCs, thereby gaining the safety of a portfolio investment and eliminating the risk that a single asset purchase poses.
Investment Manager For MHC's
Operating Partner in larger MHC joint-venture providing operations expertise and oversight for our investor-owned and joint-venture MHCs.
Manufactured Home Community Operations
Operate MHCs for all our sponsored investment opportunities.
Meet Our Team
HAVEN’s team has over 70 years of combined real estate & over 35 years of MHC experience ranging across private fund syndication, management, investment, operations, finance, development, marketing and analytical surveillance.
Haven Capital Ventures is a private real estate investment firm specializing in Mobile Home Community Investing.
- info@havencapitalventures.com
- (239)233-2948
- www.havencapitalventures.com
- 28400 Old 41 Rd, Suite 4, Bonita Springs, FL 34135
- Mailing Address: 1616 Cape Coral Pkwy W, Ste 102-316, Cape Coral, FL 33914
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Our Chief Executive Officer (CEO), Fund Co-Manager, Thomas Miller, has extensive experience in real estate investing, development, and all facets of MHC ownership and operations. He is a co-founder of Haven Capital Ventures Group, another fund he, Mr. Quire, and others started in 2019 o buy MHCs. Tom is the managing broker and co-owner of Sellstate Tropical Waters Realty. He is an accomplished real estate author and he has been an innovator and early adopter of many business trends. He is also an accomplished pilot. Mr. Miller has a knack for spotting business trends and innovative opportunities in the earliest stages of a company’s development. His experience presents a unique insight into creative funding and operating methods that clearly translate to the fundamental needs of MHC investment and operations. This expertise has been crucial to building upon his experience in the real estate sector and paved the way to authoring an Amazon, Best-Selling, Real Estate Investing collaboration.
David joins the Haven team with more than two and half decades of real estate experience. David is a licensed broker in California and was previously a broker in Illinois and Ohio. He has worked in every facet of the industry during that time, primarily focusing on investment Real Estate, syndication, and portfolio management. He has worked on Real Estate deals throughout the United States and globally. David brings to the Haven team a vast network of investment opportunities and a tech-savvy team that keeps our company on the cutting edge. He is the founder and CEO of The Romanoff Group, a real estate and investment management company specializing in investment portfolio management, commercial Real Estate, and residential & commercial Real Estate development. Additionally, The Romanoff Group consults in Technology, Software Development, Capital Investment, and Start-Ups.
Anthony Todd Quire, our Chief Operating Officer (COO), and a 2005 Graduate of Kentucky State University. He has been a commercial real estate investor since 2008 specializing in distressed multi- family properties and MHCs. He has acquired over 8 MHPs with partners and oversees the acquisition, turnaround, and operations of our fund’s properties. Anthony is COO of Haven Capital Ventures Group, CEO and owner of ATQ LLC, managing partner Sonnier Mobile Estates LLC, and Sonnier Affordable Housing, all in the MHC sector. He was recently on a podcast with Frank Rolfe founder of MHU. He participates in day-to-day operations as well as helping manage and operates each mobile home park. He owns and operates a multi-million-dollar portfolio and has been very successful in acquiring and turning around MHPs as well as remodeling mobile homes. He has worked as a special education teacher. He has a passion for helping others and puts God first in everything he does. He is married with two beautiful daughters, a father, and an active elder in his church. His motto is, “Put God First and Expect the Unexpected.”
The Fund Co-Manager, and Chief Financial Officer / Chief Investment Officer (CFO/CIO) brings prior experience within the same roles for a top 25% Inc. 5000 company and top 5 largest MHC portfolios in the US. Brad currently is the Founder and President of Cloverleaf Capital Group; an MHC focused acquisition and financing consultancy. In his former CFO role, Mr. Rymer helped direct asset operations’ financial and accounting activity, capitalized by 16 private funds embodying over 1,500 investors. Alongside the CFO role, he served as the company’s Business Intelligence Officer in 2018 throughout the transitional capitalization with a Top 20 PEI 300, International Private-Equity firm. Over the past 25 years, Mr. Rymer has successfully been a driver in a myriad of investment funding structures spanning all commercial real estate classes ranging from acquisitions, refinancings, developments, joint venture partnerships, and other strategic capital structures.