ASBURY MANOR MOBILE HOME 2-PARK PORTFOLIO...this Asbury Manor MHP 2-Park Portfolio in Meadville, PA, and its position in today’s market. We will give you our honest, no-holds-barred

CONFIDENTIAL EXECUTIVEOFFERING MEMORANDUM

THE MHP BROKER | 678.932.0200 | [email protected] | WWW.THEMHPBROKER.COM

ASBURY MANOR MOBILE

HOME 2-PARK PORTFOLIOMEADVILLE, PA

TABLE OFCONTENTSOFFERING OVERVIEW

ASBURY MANOR2-PARK PORTFOLIO

ADVISOR BIOS

• Welcome Letter• Disclosure

• Executive Summary• Key Investment Considerations• Investment Highlights• Property Description / Infrastructure• Rent Roll / Inventory• Property Photos• Aerial Map• Demographics• Local Retail & Schools


WELCOME LETTER

INVESTMENT OPPORTUNITYWe welcome the opportunity to provide you with our in-depth overview of

this Asbury Manor MHP 2-Park Portfolio in Meadville, PA, and its position in today’s market. We will give you our honest,

no-holds-barred assessment of this 104-lot portfolio, so you have a better understanding of how this investment currently

performs, its investment potential, and what it takes to get it there.

As leading specialists in the industry, our primary interest is to give you a clear understanding of the driving forces in the current

marketplace. Our evaluation is based on verifiable data, market knowledge and proven experience that we feel will

serve your best interest at this time.

We invite you to thoroughly review this offering memorandum. If you have further interest, please contact us to discuss

any questions, as well as to schedule a tour of the property.

GUIDELINES

03

Offers must be presented in writing and include:

Price

Source of capital and relevant experience

Proposed schedule of due diligence and closing

Amount of earnest money

List of contingencies including committee approvals, possible 1031 exchanges, etc.

DISCLOSURE

04

The information contained in this Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from The MHP Broker and should not be made available to any other person or entity without the written consent of The MHP Broker. This Marketing Brochure has been prepared to provide summary, unverified informa-tion to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. The MHP Broker has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, The MHP Broker has not verified, and will not verify, any of the information contained herein, nor has The MHP Broker conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

NON-ENDORSEMENT NOTICE

The MHP Broker is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of The MHP Broker, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of The MHP Broker, and is solely included for the purpose of providing tenant lessee information.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE MHP BROKER AGENT FOR MORE DETAILS.

MANAGING MEMBERO: 678.932.0200E: [email protected]

MAXWELL BAKER

3535 PEACHTREE RD. SUITE 520-1016,ATLANTA, GA 30326

THE MHP BROKER

>VISIT www.THEMHPBROKER.com

ASBURY MANOR2-PARK PORTFOLIO

ASSOCIATED: 770.688.5448E: [email protected]

ERIC WANCK

EXECUTIVESUMMARYINVESTMENT OPPORTUNITYCRAWFORD COUNTY, PA - The MHP Broker is pleased to present a 2-park portfolio in Meadville, PA. Asbury Manor East and Asbury Manor West are located just 45 minutes south of Erie, PA, making them well-located parks. These two nearly adjoining parks are serviced by city utilities and feature 104 total pads that are situated along paved roads. Furthermore, this portfolio offers a tremendous value-add opportunity with current occupancy at only 62%, and full infrastructure is in place for adding new homes.

There are currently 62 tenants and only 7 park-owned homes (POH's) within the parks. The seller will also include in the sale an additional 8 homes he has purchased, which are off-site and not move-in ready, however, some of the homes will only require minimal work to become move-in ready. Additionally, there are 10 homes within the park that are in bad shape and will need to be removed, as unfortunate events in a prior sale lead to the parks being neglected through poor management. Due to this, vacancies increased, and homes were left vacant. Ownership is actively rehabbing, filling vacancies, and removing dilapidated homes, so this is an excellent opportunity to capture the additional upside already started by the owner.

Currently, lot rents are $339/month with utilities charged in addition to this base rent. Water is submetered to each home and read monthly by management on site. A small portion of Asbury Manor West does fall into a FEMA flood zone according to their maps, but no flooding has ever occurred. All homes are above the flood level, and insurance is not currently carried.

We are offering this community at a 7.75% CAP on lot rent only. Seller maintains good books and records, and management and maintenance have been there for 5+ years. They currently handle all of the parks day to day operations and are willing to stay in place if the new owner desires. A MH toter and other operational equipment such as mini-excavator and JD Commercial zero turn will also be included in the sale. The Yr 2 pro forma, with 80 occupied units with no change in lot rent, is $2,700,000. We are asking investors to submit offers at, or above, $2,200,000 for the park, POH inventory, and equipment.

05

LIST PRICE: $2,200,000


Dunham Road W Meadville, PA 16335Columbia Ave. E Meadville, PA 16335

2

104

26

61

$339 per month

$200 per month

±35.90

$21,154

Portfolio Location:

# of Parks:

# of Pads:

Total # Vacant Lots:

Total # Lot Renters:

Average Lot Rent:

Average POH Rent:

Total Acres:

Price Per Pad:

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to the total number of lots or mobile home inventory are approximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2021 The MHP Broker


06

KEY INVESTMENT CONSIDERATIONS


UNDERWRITING ASSUMPTIONS

Asbury Manor MHP Portfolio Crawford County Pro-Forma TOTAL INCOME

Total Lots: 104 PPP= $21,154 Seller Buyer Buyer Gross IncomeList Price: 2,200,000$ Current Year 1 Year 2 Lot & POH

Base Rent2020 Current

Annualized Rent Roll

Pro-Forma $275 Lot rent

Annualized Rent Roll - All Income

Pad Rents Vacant Lots Vacant POH $252,216 $265,420 $325,440 $248,148 Lot Rent

Vacant Pads at Market Rents 26 16 $174,924 $158,652 $97,632 $7,200 POH Rent (includes any RTO)

Gross Potential Rent Income (GPRI) $427,140 $424,072 $423,072 $0 Reimbursements

Reimbursements $174,924 Actual Vacant at Market Rent

N/A $430,272 Gross Potential RentTotal Expense Reimbursement $0 $0 $0GROSS POTENTIAL INCOME (GPI) Vacancy Rate $427,140 $424,072 $423,072

Vacancy 38.0% $174,924 $158,652 $97,632 $174,924 Vacancy

EFFECTIVE GROSS INCOME (EGI) $252,216 $265,420 $325,440 $255,348

EXPENSES:

CapExPOH

Expense Actual

Expenses

Year 1 Projected Expenses

EOY2 Pro-Forma

Gross Expenses

R/E TAX Land $8,440 $8,778 $9,216 $8,440 R/E TAX POH

INSURANCE Liability $2,454 $2,550 $2,575 $2,454INSURANCE POH's

FLOOD INS Partial - No insurance required

MANAGEMENT On Site $20,800 $22,211 $27,336 $20,800

MAINTENANCE

MAINTENANCE POH Supplies/Repairs/Labor $8,750

UTILITIES $60,128 $66,242 $81,527 $60,128

ELECTRICITY

PEST CONTROL

LANDSCAPE

OFFICE SUPPLIES $100 $150

LICENSE/PERMITS $500 $650ADVERTISING Craigslist $75 $100

LEGAL Other professional fees $300 $300PAYROLL 2nd Maintenance Personnel

ROADSEVICTIONS $550SOFTWARE Includes Subscription Services

ACCOUNTING $700 $750OTHER

TOTAL EXPENSES $91,822 $102,006 $122,604 $91,822

LOT EXPENSE RATIO…..................................... 36.41% 38.43% 37.67% 35.96%NOI----------------------------------------------------------------------------------------- $160,394 $163,414 $202,836 $163,526

OTHER INCOME (Not Capitalized Income)POH Rents/RTO Notes $1,800 $7,200 $14,400POH Expense $8,750 $5,000 $5,000

TOTAL OTHER INCOME -$6,950 $2,200 $2,200

OPERATING CASH FLOW BEFORE DEBT $153,444 $165,614 $205,036 $163,526

Interest Rate Amort. Years Down PaymentDEBT SERVICE P&I 5.500% 20 30% $127,122 $127,122 $127,122 $127,122

Amount Financed 1,540,000.00$ Down Payment 660,000$ TOTAL DEBT SERVICE------------------------------------------------------------ $127,122 $127,122 $127,122 $127,122

CASH FLOW AFTER DEBT------------------------------------------------------ $26,322 $38,493 $77,914 $36,404PRINCIPAL REDUCTION $43,507 $43,507 $89,469 $43,507

TOTAL PRE-TAX CASH FLOW $69,830 $82,000 $167,383 $79,912CAP RATE (NOI/PP) - LOT RENT ONLY 7.61% 7.75% 7.75% 7.43%CASH-ON-CASH (CFAD/DP) - Debt Purchase 3.99% 5.83% 11.81% 5.52%EXP RATIO (EXP/EGI) 36.41% 38.43% 37.67% 35.96%TOTAL RETURN (CFAD+PRIN / DP) 10.58% 12.42% 25.36% 12.11%PRINCIPAL REDUCTION $43,507 $43,507 $89,469 $43,507DCR (OCF/DS) 1.21 1.30 1.61 1.29

Current Vacancy

Water, Sewer and Trash - All Municipal

Potential Bank Financing Terms

PARK OWNED HOME / OTHER INCOME

Park Only: Labor/Repairs/Supplies

Manager Maintains

Gross Collected Lot Rent 264,420$

Total Expenses 102,006$ 36.41% Exp. RatioNOI 163,414$ CAP Rate 7.75%Lot Value (NOI/CAP Rate) 2,108,573$ POH Shell Value 91,500$ 6,100.00$ per homeAsking Price 2,200,073$

Summary Valuation - Year 1*Only calculating lot rents and expenses. No POH income capitalized

Gross Collected Lot Rent 325,440$

Total Expenses 122,604$ 38.43% Exp. Ratio

NOI 202,836$

CAP Rate 7.75%

Lot Value (NOI/CAP Rate) 2,617,233$

POH Shell Value 85,400$ 6,100.00$ per home

Asking Price 2,702,633$

YEAR 2 PRO FORMA

1. Gross pad rents include utility income. Yr 1 is calculating 65 tenants.

2. Capitalization of lot rent for Yr 1 is used for calculating the asking price.

3. Year 1 & 2 Utilities increased due to increased occupancy. Each pad avg $1,019 annually for utility costs.

4. Year 2 proforma is assuming the same lot rent as current with 80 occupied pads.

5. Management Cost is approx. 8.4% of EGI. This increases annually as occupancy rises.

6. Under infrastructure, the 15 POH includes 1 RTO, 8 POH's off-site, 2 for sale, and 4 homes being renovated.

This figure will adjust moving forward along with the RTO count.

UNDERWRITING ASSUMPTIONS

$8,750


07

INVESTMENT HIGHLIGHTS

City Water and Sewer

Value Add Opportunity

90%+ Tenant-owned Homes

Rent-Ready Homes Available

Stable Tenant Base


Founded in 1788 along the banks of French Creek in Northwestern Pennsylvania, Meadville is the County seat for Crawford County. Home to more than 13,000 full time residents and 2,000 Allegheny College students, Meadville is an active center for business, industry, education, the arts, recreation, service and tourism.

Meadville is located approximately 40 miles south of Erie and encompasses an area of approximately 4.4 square miles. It is accessed primarily from other major metropolitan areas such as Pittsburgh and Erie via Interstate 79.

MEADVILLE, PA AREA

*Source: https://www.cityofmeadville.org/


08

PORTFOLIO DESCRIPTION/INFRASTRUCTURE


INFRASTRUCTURE 2-PARK PORTFOLIO

15Park-Owned Homes

10Homes to Demo

26Vacant Lots

1# of RTO homes (POH)

4Homes in Renovation

2POH's for Sale

PavedRoad Type

Partial Flood ZoneFlood Plane

FlatTopography

1:1Parking Spaces

Mowing Responsibilities Tenant

THE OFFERING

Property Address: Dunham Rd. W & Columbia Ave E Meadville, PA 16335

County: Crawford County

Parcel Numbers:

SITE DESCRIPTION

# of Pads: 104

Total Land Area: ± 35.90 Acres

Current Occupancy: 62%

Zoning:

MECHANICAL

Water: City

Electric: Underground

37000-065-A-2A-3B-4/66A-5A, 3700-065-1-A

Listing Price: $2,200,000

N/A


09

RENT ROLL/INVENTORY


Master Seller Unit # Park Name Unit Type II Unit Details Lot Rent Home Rent Rent Annual Rent

1 101 Asbury Manor E TOH $339 $339 $4,0682 102 Asbury Manor E TOH $339 $339 $4,0683 103 Asbury Manor E TOH $339 $339 $4,0684 104 Asbury Manor E TOH $339 $339 $4,0685 105 Asbury Manor E Vacant Lot $0 $06 106 Asbury Manor E Vacant Lot POH To Install $0 $07 107 Asbury Manor E Vacant Lot $0 $08 108 Asbury Manor E TOH $339 $339 $4,0689 109 Asbury Manor E TOH $339 $339 $4,068

10 110 Asbury Manor E TOH $339 $339 $4,06811 111 Asbury Manor E TOH $339 $339 $4,06812 112 Asbury Manor E Vacant Lot POH To Install $0 $013 113 Asbury Manor E TOH $339 $339 $4,06814 201 Asbury Manor E Vacant Lot $0 $015 202 Asbury Manor E Vacant Lot $0 $016 203 Asbury Manor E TOH $339 $339 $4,06817 204 Asbury Manor E TOH $339 $339 $4,06818 205 Asbury Manor E TOH $339 $339 $4,06819 206 Asbury Manor E Vacant Lot $0 $020 207 Asbury Manor E TOH $339 $339 $4,06821 208 Asbury Manor E TOH $339 $339 $4,06822 209 Asbury Manor E Vacant Lot POH To Install $0 $023 210 Asbury Manor E Vacant Lot POH To Install $0 $024 211 Asbury Manor E TOH $339 $339 $4,06825 212 Asbury Manor E TOH Home to Demo $0 $026 213 Asbury Manor E Vacant Lot $0 $027 214 Asbury Manor E TOH $339 $339 $4,06828 301 Asbury Manor E Vacant Lot $0 $029 302 Asbury Manor E TOH $339 $339 $4,06830 303 Asbury Manor E Vacant Lot POH To Install $0 $031 304 Asbury Manor E Vacant Lot $0 $032 305 Asbury Manor E Vacant Lot $0 $033 306 Asbury Manor E TOH $339 $339 $4,06834 307 Asbury Manor E TOH $339 $339 $4,06835 308 Asbury Manor E TOH $339 $339 $4,068


10

RENT ROLL/INVENTORY



36 309 Asbury Manor E TOH $339 $339 $4,06837 310 Asbury Manor E TOH $339 $339 $4,06838 311 Asbury Manor E TOH Home to Demo $0 $039 312 Asbury Manor E Vacant Lot POH To Install $0 $040 313 Asbury Manor E TOH $339 $339 $4,06841 314 Asbury Manor E TOH $339 $339 $4,06842 401 Asbury Manor E Vacant Lot $0 $043 402 Asbury Manor E Vacant Lot $0 $044 403 Asbury Manor E TOH $339 $339 $4,06845 404 Asbury Manor E TOH $339 $339 $4,06846 405 Asbury Manor E TOH $339 $339 $4,06847 406 Asbury Manor E Vacant Lot $0 $048 407 Asbury Manor E Vacant Lot $0 $049 408 Asbury Manor E Vacant Lot POH To Install $0 $050 409 Asbury Manor E POH Under Renovation $0 $051 410 Asbury Manor E TOH Home to Demo $0 $052 411 Asbury Manor E POH Under Renovation $0 $053 412 Asbury Manor E Vacant Lot $0 $054 413 Asbury Manor E TOH $339 $339 $4,06855 1 Asbury Manor W TOH $339 $339 $4,06856 2 Asbury Manor W TOH $339 $339 $4,06857 3 Asbury Manor W TOH $339 $339 $4,06858 4 Asbury Manor W TOH $339 $339 $4,06859 5 Asbury Manor W TOH Home to Demo $0 $060 6 Asbury Manor W TOH $339 $339 $4,06861 7 Asbury Manor W TOH $339 $339 $4,06862 8 Asbury Manor W TOH Home to Demo $0 $063 9 Asbury Manor W TOH $339 $339 $4,06864 10 Asbury Manor W TOH $339 $339 $4,06865 11 Asbury Manor W TOH $339 $339 $4,06866 12 Asbury Manor W POH Under Renovation $0 $067 13 Asbury Manor W TOH $339 $339 $4,06868 14 Asbury Manor W TOH $339 $339 $4,06869 15 Asbury Manor W TOH $339 $339 $4,06870 16 Asbury Manor W POH Under Renovation $0 $0


11

RENT ROLL/INVENTORY



71 17 Asbury Manor W RTO $339 $150 $489 $5,86872 18 Asbury Manor W TOH Home to Demo $0 $073 19 Asbury Manor W POH Home for Sale $0 $074 20 Asbury Manor W TOH $339 $339 $4,06875 21 Asbury Manor W Vacant Lot POH To Install $0 $076 22 Asbury Manor W TOH $339 $339 $4,06877 23 Asbury Manor W Vacant Lot $0 $078 24 Asbury Manor W TOH $339 $339 $4,06879 25 Asbury Manor W Vacant Lot $0 $080 26 Asbury Manor W TOH $339 $339 $4,06881 27 Asbury Manor W TOH $339 $339 $4,06882 28 Asbury Manor W TOH $339 $339 $4,06883 29 Asbury Manor W Vacant Lot $0 $084 30 Asbury Manor W TOH Home to Demo $0 $085 31 Asbury Manor W TOH $339 $339 $4,06886 32 Asbury Manor W TOH Home to Demo $0 $087 33 Asbury Manor W TOH Home to Demo $0 $088 34 Asbury Manor W TOH $339 $339 $4,06889 35 Asbury Manor W TOH $339 $339 $4,06890 36 Asbury Manor W TOH $339 $339 $4,06891 37 Asbury Manor W TOH $339 $339 $4,06892 38 Asbury Manor W TOH $339 $339 $4,06893 39 Asbury Manor W TOH $339 $339 $4,06894 40 Asbury Manor W TOH $339 $339 $4,06895 41 Asbury Manor W TOH $339 $339 $4,06896 42 Asbury Manor W TOH $339 $339 $4,06897 43 Asbury Manor W POH Home for Sale $0 $098 44 Asbury Manor W Vacant Lot $0 $099 45 Asbury Manor W TOH Home to Demo $0 $0

100 46 Asbury Manor W TOH $339 $339 $4,068101 47 Asbury Manor W TOH $339 $339 $4,068102 48 Asbury Manor W TOH $339 $339 $4,068103 49 Asbury Manor W TOH $339 $339 $4,068104 50 Asbury Manor W TOH $339 $339 $4,068

12

PROPERTY PHOTOS


AERIAL

13THE MHP BROKER | 678.932.0200 | [email protected] | WWW.THEMHPBROKER.COM

ASBURY MANOR EAST

ASBURY MANOR WEST

KEY FACTS

85,744Popula�on

43.9

Median Age

2.4

Average Household Size

$52,006Median Household

Income

EDUCATION

10%

No High School Diploma 46%

High School Graduate

23%Some College

22%Bachelor's/Grad/Prof

Degree

BUSINESS

3,414Total Businesses

35,064Total Employees

EMPLOYMENT

55%White Collar

32%Blue Collar

13%Services

19.6%

Unemployment Rate

INCOME

$52,006

Median Household Income

$26,005

Per Capita Income

$104,489

Median Net Worth

Households By IncomeThe largest group: $50,000 - $74,999 (21.3%)

The smallest group: $200,000+ (2.1%)Indicator Value Difference

<$15,000

$15,000 - $24,999

$25,000 - $34,999

$35,000 - $49,999

$50,000 - $74,999

11.1%

$75,000 - $99,999

10.5%

$100,000 - $149,999

12.8%

$150,000 - $199,999

13.1%

$200,000+

21.3%

+0.7%

14.8%

+1.4%

11.2%

+3.7%

3.2%

+1.0%

2.1%

+3.6%

+2.0%

-4.2%

-3.3%

-4.7%

Bars show devia�on from

Pennsylvania

14

CRAWFORD COUNTY DEMOGRAPHICS


19

LOCAL RETAIL & SCHOOLS

15THE MHP BROKER | 678.932.0200 | [email protected] | WWW.THEMHPBROKER.COM

Neason HillElementary

School

Crawford CountySchools

MeadvilleMiddleSchool

2-PARKPORTFOLIO

MeadvilleHigh

School

16

ADVISOR BIOS

BIOGRAPHY

EDUCATION• Georgia State University - B.A. Real Estate• United States Marine Corps

MEMBERSHIPS & ASSOCIATIONS• Atlanta Commercial Board of Realtors• Real Estate Broker - Georgia, Pennsylvania, South Carolina• Georgia Manufactured Housing Association (GMHA) member• Southeast Community Owners (SECO) member

Maxwell R. Baker founded The MHP Broker in 2010 as a commercial real estate broker specializing in helping Investors purchase and sell mobile home communities within the Southeast. His family has been involved with mobile home parks since 2000, and he has been a part of management, rehabilitation, and selling mobile home parks ever since they purchased their first park. The MHP Broker offers mobile home community owners and investors brokerage services, mobile home park audits, in-depth market research, and mobile home park financing consultation. The MHP Broker has successfully closed well over $500 Million dollars worth of mobile home communities since Maxwell founded the company in 2010. Maxwell's core competencies include structuring and negotiating complicated transactions, owner financing, research and outsourcing, and his "deal-making" capabilities. Maxwell, along with his expert team of researchers, compile and maintain the industry’s most extensive database of mobile home communities in the Southeast and have over 10,000 communities the company closely monitors for the most comprehensive sold data. Maxwell and The MHP Broker are recognized as a trusted advisor in this rapidly growing multifamily, affordable housing sector.

T: 678.932.0200E: [email protected]

3535 Peachtree Rd, Suite 520-1016,Atlanta, GA 30326

MAXWELL BAKERMANAGING MEMBER

EXPERIENCE• 10 Years of experience in the Commercial Real Estate Industry• Hold 2 security licenses (Series 3 & Series 30)• Former Futures Trader

Eric Wanck is an Associate on The MHP Broker team. He is originally from Northeastern Pennsylvania, and in 2008 he moved to Atlanta, GA, where he currently resides with his daughter.

Eric has spent nearly a decade working with investors seeking investment property. His career Initially started in residential real estate, but as his experience evolved with his clientele over the years, he began to successfully broker commercial land, apartments, and mobile home park communi-ties, establishing himself in the commercial real estate industry. In addition to his real estate investment experience, Eric currently holds two security licenses (Series 3 & Series 30), and is a former Futures Trader. With his analytical approach and finance background, he is a true asset to his team and clients, helping them understand the real value of a property.

In addition to his work life, Eric has many interests including traveling, attending sporting events, golf, and volunteering with his local church.

BIOGRAPHY

• Pennsylvania College of Technology• AAS in Business Management

EDUCATION

D: 770.688.5448E: [email protected]

3535 Peachtree Rd, Suite 520-1016,Atlanta, GA 30326

ERIC WANCKASSOCIATE

DISCLOSURE

17

The information contained in this Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from The MHP Broker and should not be made available to any other person or entity without the written consent of The MHP Broker. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. The MHP Broker has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, The MHP Broker has not verified, and will not verify, any of the information contained herein, nor has The MHP Broker conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

NON-ENDORSEMENT NOTICEThe MHP Broker is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of The MHP Broker, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of The MHP Broker, and is solely included for the purpose of providing tenant lessee information.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE MHP BROKER AGENT FOR MORE DETAILS.

>VISIT www.THEMHPBROKER.com

Managing MemberO: [email protected]

MAXWELL BAKER3535 Peachtree Road Suite 520-1016,Atlanta, GA 30326

THE MHP BROKERAssociateO: [email protected]

ERIC WANCK

Documents

ASBURY MANOR MOBILE HOME 2-PARK PORTFOLIO...this Asbury Manor MHP 2-Park Portfolio in Meadville, PA, and its position in today’s market. We will give you our honest, no-holds-barred