Sonos Capital offers accredited investors direct access to a professionally managed portfolio of manufactured housing communities — a recession-resilient asset class with quarterly distributions.
For decades, manufactured home communities sat overlooked. Today, they're recognized as one of the most defensible cash-flowing asset classes in real estate — and Sonos Capital is positioned at the center of that institutional shift.
Manufactured housing is the largest source of unsubsidized affordable housing in America — yet over 85% of communities are still owned by mom-and-pop operators. Consolidation has only just begun.
Restrictive zoning makes new communities nearly impossible to build. Existing parks operate near full occupancy with rising rents and minimal turnover.
Residents own their homes and rent the land beneath them. The result: extraordinarily long tenant tenure, low capex, and predictable, durable cash flow.
Most MHC transactions are off-market. We cultivate long-standing relationships with property owners, avoiding broker markups and uncovering value others miss.
Each community is managed by a dedicated on-site team trained and supported by Sonos. This ensures operational consistency and a high-quality resident experience.
We target stable, cash-generating communities in landlord-friendly states, acquiring below replacement cost while often leveraging seller financing.
Our multi-phase upgrade plan includes rebranding, infrastructure repairs, infill homes, and amenities like dog parks and open green space.
Through partnerships we help residents transition from renters to homeowners — reducing turnover and enhancing community pride.
Strategic acquisitions and purposeful repositioning drive both immediate cash flow and long-term appreciation.
382 Space Mobile Home Park
| Property Location | Description | Date | Hold (yrs) | Purchase Price | Equity Invested | Cash Yield | Projected Equity Return | Projected Equity Multiple | Projected IRR |
|---|---|---|---|---|---|---|---|---|---|
| Globe, AZ | 102 Space Mobile Home Park | May 2024 | 1.0 | $2,000,000 | $500,000 | 37.0% | $1,768,333 | 3.54x | 28% |
| Fountain, CO | 27 Space Mobile Home Park | Sept. 2025 | 0.4 | $750,000 | $375,000 | 11.7% | $1,172,600 | 3.13x | 33% |
| Totals / Averages | 0.7 | $2,750,000 | $875,000 | 9.9% | $2,940,933 | 3.36x | 30% | ||
| Property Location | Description | Date | Hold (yrs) | Purchase Price | Equity Invested | Cash Yield | Total Return | Equity Multiple | Annualized IRR |
|---|---|---|---|---|---|---|---|---|---|
| Avondale, AZ | Single Family Home Rental | Sept. 2002 | 2.3 | $140,000 | $14,000 | 0.0% | $163,000 | 11.64x | 9% |
| Glendale, AZ | 6 Unit Apartment | Dec. 2003 | 1.5 | $180,000 | $40,000 | 10.0% | $252,000 | 6.30x | 16% |
| Phoenix, AZ | Single Unit Loft Rental | Jan. 2003 | 4.4 | $192,000 | $19,200 | 3.8% | $309,000 | 16.90x | 6% |
| Mesa, AZ | Single Family Home Rental | Feb. 2004 | 1.0 | $160,000 | $50,000 | 0.0% | $100,000 | 2.00x | 50% |
| Phoenix, AZ | Urban Infill Lot | Aug. 2005 | 1.7 | $20,000 | $20,000 | 0.0% | $80,000 | 4.00x | 25% |
| Phoenix, AZ | New Construction Townhome | Dec. 2004 | 1.0 | $199,000 | $199,000 | 0.0% | $329,000 | 1.65x | 60% |
| Phoenix, AZ | 2 Unit Apartment | Jun. 2005 | 2.0 | $180,000 | $36,000 | 0.0% | $156,000 | 4.33x | 23% |
| Glendale, AZ | Single Family Home Rental | Jan. 2005 | 3.0 | $210,000 | $70,000 | 2.3% | $154,400 | 2.21x | 45% |
| Denver, CO | Single Unit Condo | May 2007 | 0.3 | $160,000 | $32,000 | 0.0% | $102,000 | 3.19x | 31% |
| Denver, CO | Single Unit Condo | July 2007 | 3.4 | $440,000 | $88,000 | 0.0% | $73,000 | 0.83x | -5% |
| Austin, TX | Single Family Home Rental | Nov. 2006 | 2.4 | $210,000 | $42,000 | 2.9% | $156,500 | 3.73x | 27% |
| Phoenix, AZ | Single Unit Condo | July 2005 | 4.0 | $218,000 | $21,800 | 0.0% | ($36,200) | -1.66x | N/A |
| Scottsdale, AZ | Single Unit Condo | Dec. 2006 | 2.6 | $536,000 | $53,600 | 0.0% | ($32,400) | -0.60x | N/A |
| Tucson, AZ | Duplex Rental | Sept. 2012 | 0.8 | $160,000 | $50,000 | 9.0% | $92,800 | 1.86x | 54% |
| Phoenix, AZ | Triplex Rental | Dec. 2016 | 1.7 | $135,000 | $13,500 | 0.0% | $143,500 | 10.63x | 9% |
| Phoenix, AZ | 16 Unit Apartment | Mar. 2017 | 1.0 | $975,000 | $100,000 | 0.0% | $625,000 | 6.25x | 16% |
| Yuma, AZ | 62 Space Mobile Home Park | Sept. 2014 | 0.1 | $1,000,000 | $100,000 | 0.0% | $200,000 | 2.00x | 50% |
| Phoenix, AZ | 4 Unit Apartment | Sept. 2017 | 1.7 | $305,000 | $5,000 | 0.0% | $69,000 | 13.80x | 7% |
| Southeast, AZ | 155 Space Mobile Home Park | Sept. 2017 | 3.1 | $900,000 | $430,000 | 52.3% | $2,982,250 | 6.94x | 19% |
| Casa Grande, AZ | Duplex Rental | Sept. 2012 | 0.5 | $90,000 | $12,000 | 0.0% | $62,000 | 5.17x | 19% |
| Totals / Averages | 1.9 | $6,410,000 | $1,396,100 | 8.1% | $5,980,850 | 4.28x | 26% | ||
Sonos Capital's mission is to be as transparent as possible — to give our investors the utmost confidence that their capital is in the best possible hands. Below is the published distribution calendar for 2026 and 2027.
November 14
Q1February 14
Q2May 15
Q3August 14
Q4November 14
Q5February 14
Q1May 15
Q2August 14
Q3November 14
Q4Sonos Capital's approach to proactive communication helps provide investors with answers to questions before they arise.
Available exclusively to accredited investors. Reach out to receive the full offering materials and schedule an introductory call with our team.
