PURPOSE

Tarawa Management, LLC was formed for the purpose of integrating a vertical solution for investors. We have over a decade long track record of hands-on asset and property management, focusing on manufactured housing communities.

MISSION

We seek to acquire, add value, and reposition select Manufactured Housing Communities ("MHCs") that are currently generating positive cash flow, but are either under-valued, under-managed, under-performing and/or are in need of a capital infusion.

MHCs provide residents with a solution to one of the United States largest and ever growing problems - the lack of affordable housing.

DOUBLE BOTTOM LINE

Tarawa aims to deliver a double bottom line solution: improving workforce housing and manufactured housing communities, and lives in general for the lower socioeconomic class, while delivering above market returns in the real estate private equity investment space for our investors.

PRODUCTS

In addition to direct asset management, the Tarawa team has a strong track record of designing alternative investment vehicles in two primary structures:

• Separately Managed Accounts (SMAs) - for family offices and institutional investors who are looking to deploy between $5MM and $50MM in equity while maintaining complete risk and investment control.

• Funds - for high net worth individuals and RIAs, for investors looking to deploy $250,000 to $5MM, into a portfolio of properties to diversify risk and receive a turn-key investment.

The investments focus on manufactured housing communities in the Southeast, with two primary strategies: stable communities which yield consistent cash flow and the other strategy targeting equity growth through value add communities where occupancy and rents are increased substantially through capital investment and operational efficiencies.

PERFORMANCE

In total, the team has over 5,000 units under management, valued over $250MM. The Team has successfully run three MHC Funds, focused on the Southeast, for high net worth individuals, family offices and RIAs. Additionally, the team has worked with two institutional investors building portfolios. One of the institutional portfolios, which consisted of 1,229 pads, was acquired for $34MM, optimized and sold for $56MM within two and a half years, which yielded approximately a 3X multiple on invested capital.

Manufactured Housing Communities, especially those acquired in fast growing regions of the United States such as the Southeast, offer much needed stability and cash flow for investors not easily found in today's economy, while providing affordable and safe housing to residents, which is in the highest demand of all real estate classes. National rents, hovering in the mid-teen growth rate as of August, 2022, have successfully outpaced inflation year over year, which is consistent with the Great Recession and Great Depression. Equally important, we've been able to grow NOI by 46% in our largest portfolio year over year, which is a hedge against shrinking macro economic pressures.

We offer stable cash flow with upside, a decade of experience and proven returns to investors, in the most sought after real estate asset class following the resilience it has proven during the Great Recession and Covid era, and an actionable pipeline of deals.