Re: MHP deal review

The MHP is located on almost 8 acres so it does have high density. Their are 70’ homes in the park but most are smaller in length. Still waiting to hear from the city concerning moving in newer homes.

Enpenses for 2010 were 100,000. With taxes at 25K and w/s/t at 57,000, the operating expenses as provided to me seem unrealistic. DD will hopefully provide a more realistic number on the operating expenses. On the surface, this MHP is really nice and residents take care of their property but the infrastructure is 60+ years old.