STRATEGY
We reposition 9% Cap MHP properties into 25% Cap MHP properties within 5 years.
Our strategy is to consistently and financially out perform our competition by transforming underperforming and underutilized affordable housing assets into highly profitable cash flow generators.
Our mission is, "People Live Where They Live".
We bring this to life by hiring and collaborating with the best people in the communities where we operate. The best hosts attract the best residents.
To ensure we are on track to fulfill on our mission, we measure our results. We do this with just two metrics; financial returns and resident satisfaction.
The results speak for themselves.
Reach out to us to discuss the results and see how you can benefit from our relationships.
PROFORMA RETURNS
Cap Rate:
- 9% Current
- 18% year 2
- 25% year 3
Distributions
- 8% Preferred monthly or quarterly
- 30% of Net annual revenue
- 40% of Exit
Year 1:
- Preferred return of 8%. Expected month 9 but no later than month 12.
- Annual distribution expected 13 months from COE.
Years 2 - 4 :
- Preferred return of 8% delivered quarterly.
- Annual distribution no later than February 1.
Year 5:
- Exit with a recapitalization.
CURRENT NUMBERS
- Monthly Rent: $3,000.00
- GOI: $36,000.00
- Yearly Taxes: $1200.00
- Yearly Insurance: $1600.00
- Yearly Maintenance: $3600.00
- Yearly Vacancy: 5%
- Yearly Repair Fund: $10,000 reserve
- Yearly Management: 10% of gross sceduled rents
- Operating Expenses: $12,210.00
- NOI: $17,690.00
STABILIZED NUMBERS
- Monthly Rent: $8400.00 (+100/avg per unit).
- Monthly Water Bill: Tenant paid
- Monthly Master Insurance Policy Tenant paid
- Yearly Stabilized GOI: $100,800.00
- Yearly Taxes: $1600.00
- Yearly Insurance: $1600 (Liability only)
- Yearly Maintenance: $3600 (increases based on lease up)
- Yearly Vacancy: $5000.
- Yearly Repair Fund: 5% of gross set aside as reserve.
- Yearly Management: $10,800.00.
- Yearly Operating Expenses: $16,276
- NOI: $79,484 or better
THE TEAM
Operations
Julian Wrubel –
20+ years industry experience
Buy and hold investor, land subdivider, fix n flip, spec homes
Hard money lender
Mobile home park/property management specialist
Full management responsibilities
Underwriting
Name shared upon request
14 years underwriter and loan officer on 3,500 loans.
Insurance agent with commercial, business, financial service and personal
products.
2015 recruited to raise capital for real estate syndication – Sr VP for Private –
raised over 25 million towards 14 multifamily investment offerings. 2015 till
2019
Currently facilitates mastermind for Alliance investment group: 15-25 people.
Maintenance
Name shared upon request.
PRINCIPAL
Julian Wrubel
MANAGEMENT PLAN
The Wren Group Inc., will act as the Manager
THIS WEBSITE IS NOT DESIGNED FOR OPEN SOLICITATION OF FUNDS.
IT IS DESIGNED FOR EDUCATIONAL PURPOSES ONLY AND
SHOULD NOT BE CONSTRUED OTHERWISE.
