10/18/2018
Looking forward to continuing to provide quality and affordable housing to the residents of Minot! Welcome to the growing family!
There is good news to report. Fund 7 has commenced acquiring properties, and we are excited to share the latest property announcement with you.
For more information, visit http://www.elevationfund.com
Fund 7 has acquired a package that includes two (2) manufactured housing communities - this acquisition adds more than 380 total units to the portfolio. Additional information can be found below or online at http://www.elevationfund.com.
Strategy
The primary objective for this asset is to drive NOI (Net Operating Income) growth over time.
Market Overview
Minot, named City of the Year 2018 by the League of Cities, is a city in and the county seat of Ward County, North Dakota, United States, in the state's north-central region. It is most widely known for the Air Force base located approximately 15 miles (24 km) north of the city. With a population of 40,888 at the 2010 census, Minot is the fourth largest city in the state and a trading center for a large portion of northern North Dakota, southwestern Manitoba, and southeastern Saskatchewan. Founded in 1886 during the construction of the Great Northern Railway, Minot is also known as "Magic City", commemorating its remarkable growth in size over a short time.
Minot is the principal city of the Minot micropolitan area, a micropolitan area that covers McHenry, Renville, and Ward counties and had a combined population of 69,540 at the 2010 census. In 2017, it was estimated that the population of the Minot Micropolitan Area was 77,309.
We are currently readying several additional closings and we look forward to communicating each one to you as it happens. In the meantime, if you should have any questions, please contact me directly at 407-602-7662 or email me at [email protected].
Best regards,
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Ryan Smith
Elevation Capital Group
Direct: (407) 602-7662
Email: [email protected]
To view recent acquisitions by Fund 7 visit http://www.elevationfund.com/acquisitions
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Disclaimer
This is neither an offer to sell nor a solicitation of an offer to buy the securities described herein.
THE OFFERING IS MADE ONLY BY THE PRIVATE PLACEMENT MEMORANDUM. THIS MATERIAL MUST BE READ IN CONJUNCTION WITH THE PRIVATE PLACEMENT MEMORANDUM IN ORDER TO UNDERSTAND FULLY ALL OF THE INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES ASSOCIATED WITH AN INVESTMENT IN THE SECURITIES TO WHICH IT RELATES AND MUST NOT BE RELIED UPON TO MAKE AN INVESTMENT DECISION.
The underlying assumptions and any forward looking statements herein may not be accurate, the projections herein shown may not occur, and actual results could differ materially due to risks and uncertainties that are beyond the Company's ability to control or accurately predict. To the extent the information in this communication conflicts with the information in the Private Placement Memorandum, the information in the Private Placement Memorandum shall govern.
The securities offered are an illiquid investment and involve a high degree of risk; Investors should be able to bear the loss of some or all of their investment. Investors should read and understand all of the risks and the entire Private Placement Memorandum before making a decision to invest.
Past performance is no indication of future results and there can be no assurance that MHPI VII, LLC will be able to execute the investment objectives for the Properties or the Offering.
This material is for general information purposes only and does not constitute legal, tax, investment or other professional advice on any subject matter. Information provided is not all-inclusive and should not be relied upon as being all-inclusive.
Any capitalized terms used but not otherwise defined in this Presentation shall have the meanings set forth in the Private Placement Memorandum.
Any reference to "we", "our" or "fund", regardless of capitalization, shall refer to MHPI VII, LLC, and its Affiliates.
* While the Fund expects to make a number of additional acquisitions, no guarantees can made that any additional assets will be acquired.
* Fund 7 currently owns a total of 16 assets, three (3) of which were included in the Minot acquisition. These three (3) properties are expected to be sold over time.
For additional risks and disclaimers, visit http://www.elevationfund.com/disclaimer
For more information, visit http://www.elevationfund.com
