Sunrise Capital Investors has launched its third investment fund, SCI Growth & Income Fund III. With the new $25 million fund, Sunrise will continue to acquire top-tier mobile home parks and parking assets in an effort to consolidate highly fragmented industries.
“We like asset classes where institutional capital hasn’t yet consolidated the space,” commented Kevin Bupp, CEO of Sunrise Capital. “In a fragmented niche, we are often able to acquire assets from smaller ‘mom-and-pop’ owners who may be less sophisticated than institutional players.”
“Mobile home parks have outperformed other real estate sectors for decades,” added Brian Spear, CIO at Sunrise Capital. “With phenomenal supply and demand economics and the highest long-term same-store NOI growth projections of any property type, we feel mobile home parks are well-positioned to outperform for the foreseeable future.”
Spear continued, “Similar to our prior funds, we feel Fund III
