For a video tour, please visit: https://youtu.be/FEKM_89cy7U

REO sale

91 SITE MH COMMUNITYREDUCED COMMUNITY PRICE $682,500 $540,000

TERMS: ALL CASH

100 SITE MH COMMUNITYREDUCED COMMUNITY PRICE $550,000 $435,000

TERMS: ALL CASH

PROPERTY DETAILS

INVESTMENT HIGHLIGHTS

• Opportunity to acquire two recently foreclosed communities consisting of 191 sites an hour north of Columbus.

• Parks are located within 25 minutes of each other.

• There are currently 40 vacant and 3 occupied homes that the seller is in the process of obtaining title to. These homes could provide a new owner with an avenue to increase occupancy and property performance if salvaged and filled.

• Both communities offered well below replacement cost. All inventory homes are included in the asking price.

• Surrounding communities appear to be operating at much higher occupancy with comparable rents.

• Midpoint Woods serviced by public and Hickory Grove by private utilities.

AREA HIGHLIGHTS

• Mansfield, the county seat of Richland, recorded a population of 48,821 in the 2010 census and is located halfway between Cleveland and Columbus.

• The Mansfield Raceway attracts thousands of racing enthusiasts every year for national touring series including Main Event Racing Series and Midwest Supermodified Association.

• Several retail destinations are located in close proximity to the communities: Richmond Mall, featuring 60 stores anchored by JCPenney, Macy’s and Sears; West Park Shopping Center; Ontario Towne Center, and more.

• Both communities feature proximity to some of the area’s largest employers including OhioHealth Mansfield Hospital, which recently opened its $80MM expansion; Jay Industries, a plastic and metal manufacturer and third-largest employer in the city; and Newman Technology, an auto body parts manufacturer.

• Mansfield recorded an unemployment rate of 4.7% in September 2015, well below the national average of 5.5%.

• The Mansfield Lahm Airport industrial park has a high concentration of manufacturing and related businesses offering employment in the area. Newman Technology, Ohio Valley Manufacturing, FedEx Shipping Center, ABF Freight System Inc along with many others have locations in the park.

Midpoint Woods

91 SITE MH COMMUNITYREDUCED PRICE

$682,500 $540,000 TERMS: ALL CASH

100 SITE MH COMMUNITYREDUCED PRICE$550,000 $435,000 TERMS: ALL CASH

HICKORY GROVE SITE INFORMATION

ADDRESS 7117 County Road 59Perry Township, OH 44904

COUNTY Morrow

TAX PARCEL IDS L32-001-00-368-00/ L32-001-00-370-00/ L32-001-00-370-02

SITES 100

COMMUNITY TYPE All Age

YEAR BUILT 1970

COMBINED LAND 35.45 acres

DENSITY 2.82 sites/acre

INVENTORY HOMES* 15 (13 vacant as of Jan ‘16)

AVERAGE LOT RENT $245 (includes trash)

MH PHYS OCC 28% (28 sites as of Dec ‘15)

MH ECO. OCC 15% (15 sites as of Dec ‘15)

ZONING Unzoned

ROADS Asphalt

FLOODPLAIN Zone X (see FEMA flood map)

UTILITIES

WATER/SEWER Well Water/WWTP (flat fee of $40 to tenants)

PROPANE Multiple Providers

ELECTRICITY Consolidated Electric (direct billed)

TRASH Mid-Ohio Sanitation & Recycling LLC (included in rent)

MIDPOINT WOODS SITE INFORMATION

ADDRESS 673 Armstrong AvenueMansfield, OH 44906

COUNTY Richland

TAX PARCEL IDS 270406011000/ 0270406012001/ 0270406013000

SITES 91

COMMUNITY TYPE All Age

YEAR BUILT 1955

COMBINED LAND 8.07 acres

DENSITY 11.28 sites/acre

INVENTORY HOMES* 28 (27 vacant as of Jan ‘16)

AVERAGE LOT RENT $299 (includes trash)

MH PHYS OCC 42% (38 sites as of Dec ‘15)

MH ECO. OCC 12% (11 sites as of Dec ‘15)

ZONING MF (Multifamily Residential District)

ROADS Asphalt

FLOODPLAIN Zone X (see FEMA flood map)

UTILITIES

WATER/SEWER City of Mansfield (submetered)

GAS Columbia (direct billed)

ELECTRICITY Ohio Edison (direct billed)

TRASH Rumpke (included in rent)

PROPERTY DETAILS

*Seller does not currently hold title to the Inventory Homes, which are either abandoned or held by the the previous owners. Seller plans to obtain title by the early March time-frame, but delivery of the titles cannot be guaranteed at this time.

91 SITE MH COMMUNITYREDUCED PRICE

$682,500 $540,000 TERMS: ALL CASH

100 SITE MH COMMUNITYREDUCED PRICE$550,000 $435,000 TERMS: ALL CASH

PROPERTY location

MIDPOINT WOODS DEMOGRAPHIC INFORMATION 15 Min Drive 30 Min Drive 60 Min Drive

2015 Population Estimate 81,910 198,719 874,378

2020 Population Projection 80,517 196,440 880,594

Population Growth Estimate 2015 - 2020 -0.34% -0.23% 0.14%

Renter Occupied Housing Units 31.0% 27.0% 23.6%

Owner Occupied Housing Units 57.1% 62.7% 67.9%

2015 Est. Median Household Income $38,781 $42,507 $51,673

Source: U.S. Census Bureau

HICKORY GROVE DEMOGRAPHIC INFORMATION 15 Min Drive 30 Min Drive 60 Min Drive

2015 Population Estimate 23,214 178,871 1,258,243

2020 Population Projection 23,041 176,963 1,303,261

Population Growth Estimate 2015 - 2020 -0.15% -0.21% 0.71%

Renter Occupied Housing Units 19.6% 28.8% 34.8%

Owner Occupied Housing Units 72.3% 60.2% 56.3%

2015 Est. Median Household Income $56,429 $43,591 $52,589

Source: U.S. Census Bureau

CLEVELAND

COLUMBUS

PITTSBURGH

91 SITE MH COMMUNITYREDUCED PRICE

$682,500 $540,000 TERMS: ALL CASH

100 SITE MH COMMUNITYREDUCED PRICE$550,000 $435,000 TERMS: ALL CASH

Property LOCATION

MANSFIELD

Mansfeild LahmRegional Airport

MID-OHIO SPORTS CAR COURSE• Home to a permanent road-racing circuit with two configurations that hosts race weekends and small events open to

the public from March through November each year.• The course also has the Mid-Ohio School, which offers innovative automobile and motorcycle racing classes in a

safe environment.

OHIO STATE UNIVERSITY - MANSFIELD• Founded in 1958, the university sits on 640 acres of scenic woodlands and offers nine bachelor’s degrees. The

university is a gateway to the main campus in Columbus, which offers 170 majors.• The university is known for its affordability, small class sizes, and opportunities in research and internships.

GORMAN-RUPP COMPANY• One of the top employers in Mansfield with over 600 employees, Gorman-Rupp Co designs, manufactures, and sells

equipment for use in many industries including construction, petroleum, and agriculture.• Recent expansion plans include a $52.2MM project to add 390,500 square feet of manufacturing space and a new

70,000 square foot customer center.

NEWMAN TECHNOLOGY• Owned by parent company Sankei Giken Kogyo, Newman Technology manufactures exhaust systems for automotive

vehicles and produces assembly parts.• With nearly 1,000 employees, the Mansfield division has begun construction of a new 39,000 square foot research

and development facility expected to create 10 new jobs

N

91 SITE MH COMMUNITYREDUCED PRICE

$682,500 $540,000 TERMS: ALL CASH

100 SITE MH COMMUNITYREDUCED PRICE$550,000 $435,000 TERMS: ALL CASH

HICKORY GROVE PHOTOS

Property photos

MIDPOINT WOODS PHOTOS

91 SITE MH COMMUNITYREDUCED PRICE

$682,500 $540,000 TERMS: ALL CASH

100 SITE MH COMMUNITYREDUCED PRICE$550,000 $435,000 TERMS: ALL CASH

This information has been derived from sources deemed reliable. However, it is subject to errors, omissions, price change and/or withdrawal, and no warranty is made as to the accuracy. Further, no warranties or representation shall be made by ARA, A Newmark Company (ARA Newmark) and/or its agents, representatives or affiliates regarding oral statements which have been made in the discussion of the above property. This presentation, prepared by ARA Newmark was sent to the recipient under the assumption that s/ he is a buying principal. Any potential purchaser is advised that s/ he should either have the abstract covering the real estate which is the subject of the contract examined by an attorney of his/her selection, or be furnished a policy of title insurance. Do not contact the Property.

www.aranewmark.comManufactured Housing Group: 901 S. MoPac Expressway, Barton Oaks Plaza II, Suite 275, Austin, TX 78746 T 512.342.8100

Additional information for Midpoint Woods and Hickory Grove is available on our website at:http://arausa.listinglab.com/MidpointWoodsHickoryGrove

Jon Shayjshay@aranewmark.com T 303.260.4486

NATIONAL MANUFACTURED HOUSING GROUP

Andrew Shihashih@aranewmark.com T 512.637.1219

Todd Fletchertfletcher@aranewmark.com T 303.260.4470

PRIMARY CONTACTS:

For a video tour, please visit: https://youtu.be/FEKM_89cy7U