Investment Strategies

Primary Investment Strategies

1. Seller-Financed Manufactured Housing Notes (Foundation)

• Notes originated through vertically integrated operations

• End-buyers purchase homes via seller financing

• Strong down payments create immediate borrower equity

• Long-term amortization produces predictable cash flow

• Notes are held inside the fund as performing paper

This remains the core strategy of the fund.

2. Subject-To Acquisitions (Capital Efficiency)

Silvercrest actively acquires properties subject to existing financing, allowing the fund to:

• Preserve low fixed-rate debt

• Reduce exposure to interest-rate volatility

• Increase cash flow without refinancing risk

• Maintain conservative leverage structures

3. Co-Living & Shared Housing Assets (Cash-Flow Density)

The fund selectively allocates capital to co-living housing models that:

• Increase income per square foot

• Serve growing affordability demand

• Diversify income streams

• Strengthen cash-flow resilience across cycles