A manufactured home built to the Performance Community standard
The platform, fund by fund

A platform that compounds across vintages.

Performance Communities, LLC is the Sponsor entity, built to serve across fund vintages. The quiet argument is the progression itself: each vintage carries forward what the last one proved, with progressively stronger investor-protection architecture.

The vintages

Three funds, one platform.

Each fund is presented with the discipline an institutional allocator expects. Realized results, where they exist, are confirmed in the offering materials for verified investors — not advertised here.

Across three funds, the platform has progressed from value-add manufactured-housing operations toward its defining model. Fund 3 is the first to develop and reposition communities to the full Performance Community™ standard — permanent foundations, individual long-term ground leases, and conventional-financing eligibility.

Fund 1 · Performance Communities, LLC — Fully realized

Acquired, operated, and brought full cycle. Investor capital and profits were returned in full and the fund was dissolved, with no investor loss of capital. Detailed, audited-basis results are provided to verified accredited investors in the offering materials.

Fund 2 · Performance Communities 2, LLC — Active

Operational assets under management. No dispositions have occurred, and no realized returns are reported until they do.

Fund 3 · Performance Communities Fund 3, LLC — Current offering

Open to verified accredited investors under Rule 506(c). Strategy, structure, and governance are summarized below; complete terms live in the confidential offering documents behind investor verification.

Past performance is not indicative of future results. Information about prior funds is provided for context and does not constitute an offer of any security. Any performance information is presented in full, with methodology and risk disclosures, only in the confidential Private Placement Memorandum.

Alignment

Governance built so the Manager earns its carry last.

The platform demonstrates its character structurally. Fund 3’s architecture is summarized here at a high level; the full terms are in the offering documents.

8% hard hurdle

A cumulative preferred return paid to investors before the Manager earns any carried interest.

Funded carry escrow

Sponsor carried interest is secured by a funded escrow supporting the clawback.

Independent LP Advisory Committee

An independent LPAC provides oversight; the Manager does not sit on it.

No acquisition or disposition fees

The Manager is not paid transaction fees for buying or selling assets.

Independent audit & administration

Annual independent CPA audit, independent fund administration by Verivest, and accredited-investor verification through an independent third party.

Institutional reporting

Investor reporting delivered through Agora, with a dedicated investor portal.

These features describe the current offering’s structure at a high level and are qualified in their entirety by the confidential Private Placement Memorandum and operating agreement, which control. Governance specifics vary by fund vintage.

For accredited investors

Reviewing the current offering?

Verified accredited investors can request the Fund 3 offering materials, or sign in to the investor portal.