A platform built to make attainable homeownership investable — and to hold every community it builds to a standard residents can feel.
We develop and reposition manufactured housing communities across the Western United States, delivered to a single proprietary standard: A Performance Community™.
For accredited investors. This website is informational only and is not an offer to sell or a solicitation to buy any security; any offering is made solely through the confidential Private Placement Memorandum.
Performance Communities was built on a single belief: that attainable homeownership for the Missing Middle — the nurses, teachers, and tradespeople earning too much for subsidized housing and too little for the market — is among the most undersupplied opportunities in American real estate, and that manufactured housing, delivered to an institutional standard, is the way to serve it.
Two commitments hold that conviction together. An investment thesis that makes the opportunity real — a repeatable standard, conventional financing, and disciplined underwriting. And a community standard that makes it durable — every community measured against four dimensions of resident outcome, applied where the cost-benefit analysis supports it. We don't run a returns story alongside a separate impact story. Done right, each is what makes the other last.
A home with the standing of real estate — for the households the market has priced out. That is the whole platform.
Most manufactured homes are titled as personal property and financed like vehicles — which limits how residents build equity. A Performance Community is developed to a different standard.
Adapted from the Performance Communities Fund 3 offering materials (PPM Parts I.B and II.I). Conventional 30-year leasehold financing reflects published Freddie Mac Chapter 5706 policy; lender activation proceeds case by case. See The Difference for the full mechanism and the candid view of what is and isn't yet in place.
California's affordability gap is the most acute of any market the platform serves — and manufactured housing is where the math works.
Market figures drawn from the PCF3 investor materials; see the offering documents for sources and methodology. Past and current market conditions are not a guarantee of future results.
Performance Communities, LLC is the Sponsor entity, built to serve across fund vintages. Each vintage carries forward what the last one proved.
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.
Operational assets under management. No dispositions have occurred; no realized returns are reported until they do.
Open to verified accredited investors. Strategy, structure, and governance are summarized on the Funds page; terms live in the offering documents.
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.
Permanent foundations, ground leases, real-property classification, and conventional financing — explained plainly, with a candid view of what is and isn't yet in place.
Read the framework →A two-tier development model, the single-lot acquisition program, a nine-state active-markets framework, and a fire-resilience discipline — the capabilities each fund implements.
See the strategy →Four dimensions of resident outcome — community, wellness, conservation, and pride of place — applied where the cost-benefit analysis supports it.
See the standard →The founding thesis, the 2017 repositioning toward workforce housing, the entity architecture, and the leadership team.
Meet the firm →Performance Communities Fund 3 is open to verified accredited investors. Request the offering memorandum, or sign in to the investor portal.
