Feedback for Sunrise Capital Investors

Mobile Home Park Investing
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Feedback for Sunrise Capital Investors

Fred Scott
Member since 2024 · 4 posts · 1 vote


Sunrise Capital Investors - Mobile Home Park Investment Fund

I've seen a few posts about them here but none of them actually talks about what the actual annual returns have been.
They are advertising heavily for passive tax deductions which is fine but what are the actual returns over a period of (say) five or ten years?

If I invested 100K today, they are currently providing anywhere from 60 to 72% passive tax deductions due to cost segregation, depreciation, etc.  which is great.  But what are the actual returns on the investment?  I'm looking at it long term and will not need the equity anytime soon.  

Just want to make sure the folks running this are not buying helicopters and jet planes with our investment.

Comments welcome.   

Thanks,

Fred.

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Roger D Jones
Member since 2023 · 178 posts · 122 votes
1y

Well... they are who they are.  The PE investment feeding frenzy that started up 15 years ago as TOH parks started getting gobbled up is starting to slow as supply tightens.  This feeding frenzy has driven up park prices and there are fewer and fewer Mom and Pops to take advantage of.  The big stuff is gone and if anything does come available Mom and Pop know what it is worth.  I question when these PE groups start wanting to unload their newly inflated parks who is going to be willing to purchase them with no further upside.  

There North Carolina purchase leaves me scratching my head.  When PE investment groups start using terms like 'sweat equity' on near empty parks I get nervous.

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  • Roger D Jones
    Member since 2023 · 178 posts · 122 votes
    1y

    Well... they are who they are.  The PE investment feeding frenzy that started up 15 years ago as TOH parks started getting gobbled up is starting to slow as supply tightens.  This feeding frenzy has driven up park prices and there are fewer and fewer Mom and Pops to take advantage of.  The big stuff is gone and if anything does come available Mom and Pop know what it is worth.  I question when these PE groups start wanting to unload their newly inflated parks who is going to be willing to purchase them with no further upside.  

    There North Carolina purchase leaves me scratching my head.  When PE investment groups start using terms like 'sweat equity' on near empty parks I get nervous.

    3Reply
  • Jordan MoorheadBusiness Member
    Real Estate Agent · Austin, TX · Member since 2015 · 5k+ posts · 3k+ votes
    1y
    Quote from @Fred Scott:


    Sunrise Capital Investors - Mobile Home Park Investment Fund

    I've seen a few posts about them here but none of them actually talks about what the actual annual returns have been.
    They are advertising heavily for passive tax deductions which is fine but what are the actual returns over a period of (say) five or ten years?

    If I invested 100K today, they are currently providing anywhere from 60 to 72% passive tax deductions due to cost segregation, depreciation, etc.  which is great.  But what are the actual returns on the investment?  I'm looking at it long term and will not need the equity anytime soon.  

    Just want to make sure the folks running this are not buying helicopters and jet planes with our investment.

    Comments welcome.   

    Thanks,

    Fred.


     They're a credible operator. I have not invested with them but have known Kevin for years and have seen them work hard on many deals.

    [email protected]512-888-9122
    The Moorhead Team5140 Reviews
    WebsiteView Page
    1Reply
  • Fred Scott
    OP
    Member since 2024 · 4 posts · 1 vote
    1y

    Thank you, Roger and Jones, for your feedback.

    I was tempted to invest but their minimum investment is 100K.  I would have preferred a smaller 50K to begin with. 

    0Reply
  • Fred Scott
    OP
    Member since 2024 · 4 posts · 1 vote
    1y

    @Roger D Jones:  Any insights on why the North Carolina purchase in Fund IV makes you nervous?

    0Reply
  • Roger D Jones
    Member since 2023 · 178 posts · 122 votes
    1y
    Quote from @Fred Scott:

    @Roger D Jones:  Any insights on why the North Carolina purchase in Fund IV makes you nervous?

    They paid 3.7 million for this property at 29% occupancy.  Park has experienced a mass exodus over the last 20 years with no explanation why.  Their plan is to raise rents (on the poor remaining souls, improve infrastructure and exert some sweat equity.  How are they going to fill the park?  "Leverage infill opportunities"... Typical PE investor double speak.

    3Reply
  • Samuel CoronadoPro Member
    Investor · Huntsville, AL · Member since 2016 · 348 posts · 182 votes
    1y
    Quote from @Roger D Jones:
    Quote from @Fred Scott:

    @Roger D Jones:  Any insights on why the North Carolina purchase in Fund IV makes you nervous?

    They paid 3.7 million for this property at 29% occupancy.  Park has experienced a mass exodus over the last 20 years with no explanation why.  Their plan is to raise rents (on the poor remaining souls, improve infrastructure and exert some sweat equity.  How are they going to fill the park?  "Leverage infill opportunities"... Typical PE investor double speak.


     That's insane~

    1Reply
  • Jordan MoorheadBusiness Member
    Real Estate Agent · Austin, TX · Member since 2015 · 5k+ posts · 3k+ votes
    1y
    Quote from @Roger D Jones:
    Quote from @Fred Scott:

    @Roger D Jones:  Any insights on why the North Carolina purchase in Fund IV makes you nervous?

    They paid 3.7 million for this property at 29% occupancy.  Park has experienced a mass exodus over the last 20 years with no explanation why.  Their plan is to raise rents (on the poor remaining souls, improve infrastructure and exert some sweat equity.  How are they going to fill the park?  "Leverage infill opportunities"... Typical PE investor double speak.


     Where is the park?

    Infill is simple, but not easy. If you have the right team you can get it done.

    [email protected]512-888-9122
    The Moorhead Team5140 Reviews
    WebsiteView Page
    0Reply
  • Ben Schuster
    Investor · San Diego · Member since 2025 · 5 posts · 3 votes
    1y

    @Fred Scott

    I'd be happy to chat with you anytime. They should able to answer how the proforma returns would impact a $50/100k investment in dollar amounts. We created a model for our investors that show AAR/IRR/EM but also what that does to your capital in $ terms.

    We’re an MHC syndicator based in San Diego with a 15-year track record of strong performance. Feel free to check us out at ComfortCapital.com.

    Regarding Sunrise, they’re a credible operator—Kevin is a smart guy, and we share a handful of investors. However, we differ structurally: they operate as a fund, while we focus on deal-by-deal syndications. This allows us to 1031 exchange post-sale into a new deal, compounding cash-on-cash returns and deferring capital gains.

    Let me know if you’d like to discuss further!

    0Reply
  • Jeff Flynn
    Investor · CO · Member since 2025 · 8 posts · 5 votes
    1y

    Fred, something to look out for is if this depreciation clock resets with the new administration in office. 2025 it went to 40% but the benefit would obviously be much higher if it goes back up to 100%. 

    2Reply
  • Florence Simone p
    Member since 2025 · 2 posts · 0 votes
    1y

    I can add some insight and if you search around on other forums hear you’ll find the same …

    While investment wise it may be good please do your background on which wolves your trying to den with . 
    Their company is pretty great at not responding to their communities people , not following local law yet alone their own lease agreements 

    The uptick of lot rents I get it it’s business but also driving out affordability for people which again it’s a business so some may say that part is just the territory , but not following lease agreements , hiring poor management and then doing nothing about it when it’s escalated is a reflection on their business aswell   best of luck. 

    0Reply
  • Arvind Degala
    Seattle · Member since 2025 · 2 posts · 3 votes
    1y

    Unfortunately, my experience with Sunrise Capital was disappointing and raised several red flags. I had scheduled a meeting and was told that a Senior Vice President would be joining, which was repeatedly emphasized by the team over the course of a week. They reconfirmed my attendance multiple times, stressing that the VP’s time was extremely valuable.

    However, when the meeting finally took place, the VP was nowhere to be seen. Instead, a junior-level investor relations member attended—someone who clearly lacked a deep understanding of the fund and was unable to address even basic questions. The disconnect between what was promised and what was delivered felt disorganized at best, and frankly, a bit suspicious.

    This experience did not inspire confidence in the firm's professionalism or transparency, so I decided against investing with them.

    1Reply
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