Skip to content

Inland Venture Partners Completes $160 Million Capital Raise for Second Manufactured Housing Offering

Businessman presenting financial analysis with charts generated by big data displaying international success and dollar signs

Inland Venture Partners LLC, the private equity real estate arm of Inland Real Estate Investment Corporation, announced that MH Ventures Fund II Inc., a Delaware corporation that focuses on the acquisition and management of manufactured housing and recreational vehicle communities, has completed a $160 million capital raise.

The offering was oversubscribed and is now closed. The company’s portfolio is currently comprised of 12 manufactured home and recreation vehicle communities, eleven of which are located in Florida and one of which is located in California.

“We are thrilled to close our second manufactured housing offering in just over two years,” said Rod Curtis, president of Inland Venture Partners. “These assets are well positioned for strong long-term performance due to favorable demographic demand drivers, desirable locations and limited competing housing options.”

Over the past four years, Inland Venture Partners has acquired 25 properties covering 2,400 manufactured home and recreation vehicle sites.

“Inland Venture Partners has invested heavily in age restricted, high quality, well located manufactured housing communities,” commented Ravi Bansal, chief investment officer of Inland Venture Partners. “We look forward to expanding our footprint in this sector.”

Inland Venture Partners offers closed-end, specified-asset funds to accredited investors seeking exposure to private equity real estate and focuses on opportunistic, value-add and development real estate strategies. Inland Ventures Partners is a part of The Inland Real Estate Group of Companies Inc., one of the nation’s largest commercial real estate and finance groups.

Click here to visit The DI Wire directory page.