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Chicago & Midwest  + North Side  |  October 28, 2020
Paul Bubny
By: Paul Bubny

Midwest Park Raising $10M Fund for Mobile Home Investments

Midwest Park Capital LLC, a private real estate investment firm specializing in the mobile home park vertical, has launched Midwest Park Capital Fund 1 LLC, With the new $10-million fund, West Loop-based Midwest Park Capital intends to assemble a diversified portfolio of low-risk, high cash-flow mobile home park assets.

“Residents typically own their mobile homes, but rent the property from the park owners,” said fund co-manager Jonathan Tuttle. “There are still about 92% of mom and pop owners, meaning it’s an industry ripe for disruption and acquisition.”

Fund co-manager Cristian E. Dukes said, “The goal of this fund is to help solve the affordable housing crisis for everyday Americans, while providing strong and stable returns for our accredited investor partners.”

The fund intends to provide both current income and longer-term projected gain through acquiring and operating a portfolio of income-producing mobile home communities and mobile home parks nationwide.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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