Inland Venture Partners expands footprint into Arizona, rounding out second manufactured housing offering
Inland Venture Partners (IVP), the private equity real estate arm of Inland Real Estate Investment Corp., has announced that MH Ventures Fund II, a Delaware corporation, acquired a 4-Star RV Resort in Casa Grande, Ariz.
“We are thrilled to expand our footprint into the Phoenix Arizona MSA with this acquisition, completing the portfolio for IVP’s second manufactured housing offering that raised $160 million in capital,” said Rod Curtis, president of IVP. “This asset is well positioned for strong long-term performance due to favorable demographic demand drivers, a desirable location and limited competing housing options at an affordable price.”
Located about 30 minutes from Phoenix’s Sky Harbor I