Madrona East MHC

JLL, as the exclusive advisor, is pleased to present the opportunity to acquire Madonna East, an all-age manufactured housing community located in Ephrata, WA. As part of the Washington 4-Pack Portfolio totaling 195 sites across Northwest and Central Washington, Madonna East comprises 34 tenant-owned homes with 97% occupancy, showcasing solid performance and resilient stability in a rural market setting. The community delivers affordable housing with average monthly lot rents of $486, providing essential workforce housing in an underserved region with limited rental alternatives. Residents benefit from comprehensive utility services including municipal water and on-site septic—both included—while electricity is billed directly through municipal service, and trash and cable are locally provided, ensuring efficient property management and resident convenience. With its strong occupancy fundamentals, allocative rent structure, and strategic positioning in Central Washington's agricultural corridor, Madonna East represents a compelling investment opportunity offering stable cash flow, minimal competition, and meaningful exposure to Washington's essential affordable housing market.