Evergreen Mobile Estates

JLL, as an exclusive advisor, is pleased to present the opportunity to acquire Evergreen Mobile Estates (the "Property"), a 9.05-acre manufactured housing community situated in Montesano, Washington. The offering consists of 48 manufactured housing sites situated on public utilities, currently 96% occupied. The Property is conveniently situated alongside U.S. 12, the primary east/west arterial connecting it to the Pacific coast and offers convenient commuting to Olympia, the state capital and a major employment hub.

This asset has demonstrated strong occupancy stability and year-over-year rent growth. Future owners stand to capitalize on rental upside, given the area's stable year-over-year rental growth and lack of new supply. Based on comparable market rents, near-term rental growth is accelerated due to the limited new supply resulting from challenges in obtaining the proper zoning and necessary entitlements for similar housing communities.