Evoke Capital

We are pleased to announce that Steven Cavus has joined the Evoke Capital team as our new Acquisitions Associate! Steven has demonstrated remarkable enthusiasm, curiosity, and a keen interest in this niche industry. His proactive approach and dedication to standing out among other candidates were evident throughout the selection process. Steven's openness to feedback and commitment to continuous improvement align perfectly with our core values at Evoke Capital. We are excited to welcome Steven to the team and look forward to the significant contributions he will make to our ongoing success!

We are excited to announce the launch of our "Helping Hands" Rental and Clean-up Program at Evoke Capital, starting this month. Recognizing the challenges many face, we’ve developed this program to ensure that our residents can maintain their homes and stay in their communities without undue stress. Through “Helping Hands,” we provide rental discounts for those struggling to make ends meet and assist with exterior repairs for residents who need a bit of extra help. By offering this support, we can create a more stable and supportive environment for everyone in our communities. This is a win/win for both our investors and our tenants, as it will enhance community retention and satisfaction, ultimately increasing the value of our properties and ensuring consistent returns. 

People often forget how small steps eventually lead to massive growth. Your consistent and intentional actions create the foundation for achievement and eventually, success. At Evoke Capital, our edge comes from consistently fine tuning our operations and continuing to invest in our infrastructure. We are ALWAYS growing our team, refining our systems, and enhancing our processes. As we expand, we’re making sure that every single detail is nailed down and that nothing ever slips through the cracks. Our attention to detail and our drive for excellence help to ensure sustainable, long-term investor returns while at the same time preparing us to scale effectively. Our goal has always been to not just meet, but to exceed expectations for our investors and tenants alike. #investing #realestate #teamgrowth #investorreturns #realestateinvesting #mobilehomeparkinvesting

Pasha Esfandiary and team at Evoke Capital nearly doubled the value of this mobile home park in just one year. Here's how they did it  👇 🏢 Property details - Purchased May 2022 - Huntsville, AL - 160-lot mobile home park (2 - 3 stars) - 76% occupancy 💸 Finances - Purchase price: $5,425,000 - Capital raised: $2,525,000 - Debt structure: 70% LTV, 4.4% fixed rate, 18 months I/O on 10 year term with 30 year amortization 💼 Business plan - Long term hold and continue to drive value via expense reduction and income growth via strategic rent increases - Infilled homes onto vacant lots - Renovated existing POH inventory to be sale and rent ready: flooring, kitchens, bathrooms, lighting, and plumbing - Increased occupancy to 94% 🍾 Results - Current valuation: ~$9 million - Projected preferred return: 8 - 10% - Projected IRR: 23.3% __________ If you have a deal you'd like to feature here and in our weekly newsletter to over 25,000 investors, leave a comment! #commercialrealestate #realestate #realestateinvesting #investing #investor #investment #mobilehomepark

We are proud to announce that we have officially closed on Swan Lake MHC! This marks another major milestone for Evoke Capital, with a $18.75 million acquisition, expanding our portfolio 16% to a total of 2,150. Our team has been working diligently on the property even before the closing, and investors in Fund 2 have already gotten close to $500k in instant equity. A heartfelt thank you to our investors for your repeated trust and commitment. Many thanks to Parker Kelly, for making this process smooth - and congratulations to the Evoke team: Pasha Esfandiary Alex Segal, Edmund Nisbet, and Kenji Ignacio - for executing the deal quickly and efficiently. Investors in Fund 2 will enjoy the benefits of Swan Lake and all acquisitions within this fund, regardless of tranche. To learn more about Evoke Capital, please visit our website here: https://lnkd.in/gMFxXW2A

A big THANK YOU to our Evoke Capital investor family! We fully funded the 10.3mm first tranche of Fund 2 through referrals and repeat investors alone. We are grateful for your trust and the added motivation you've given us. We're currently taking wait list reservations for our second tranche - please see comments for the direct link. Onward and upwards. Alex Segal Edmund Nisbet Kenji Ignacio

With Evoke Capital, my vision has always been targeted 10+ years ahead, focusing on consistent progress. This strategy is rooted in a commitment to developing infrastructure and taking intentional steps to prepare us for scaling in the future. Our approach has never been about short-term gains; it's about preparing for sustainable growth and ensuring that we are equipped for tomorrow, and knowing that we will be thanking our past-selves 10 years down the line. A big thank you to Joseph Cornwell for having me on Best Ever CRE - the full episode is linked in the comments.

It’s no secret that Texas has seen an influx of residents in the past few years, more than DOUBLING the rest of the nation’s population growth rate at 16%. The rapid urban expansion in Texas has led to the displacement of those living in mobile home communities, due to prime land being targeted for redevelopment. This impacts approximately 2 million Texans (6.45% of the population). Community stability is one of the selling points for us as investors - the sticky tenant base that MHC’s provide translates to predictable, and consistent, income. The story of families in South Austin, who lost their homes due to park closures, serves as a good reminder of the human element behind each investment decision. By focusing on the improvement and preservation of mobile home parks, Evoke Capital provides a sustainable alternative to the disruptive practices of traditional development. Our strategy not only maintains affordable housing options but also ensures that existing communities thrive without the fear of displacement. This approach proves that it's possible to support community welfare and drive investor returns simultaneously, fostering a more inclusive future for our tenants. #investment #realestate #texasrealestate #tenantsatisfaction #affordablehousing #mobilehomecommunities https://lnkd.in/gsvVdcGv

We're very happy to announce our first acquisition in Evoke Capital Fund 2 after searching for nearly 10 months: Swan Lake Mobile Home Community in Rome, GA - purchase price: $18.75mm. This strategic investment kicks off our second fund, adding 300 units to our portfolio in a Southeastern location full of growth and industrial expansion. This brings our total lot count to 2150. We are so blessed to have so many repeat investors to close out a $10.3mm raise in less than 3 weeks, without officially opening the raise. Thank you to all the investors who joined our waitlist, we appreciate you immensely and love growing our family with you. Congratulations to our investors who gained $450k in instant equity, and a big shoutout to the entire team at Evoke for successfully securing the property. This achievement is a direct result of our dialed-in operations and the solid reputation we've built on trust and efficiency - the results speak for themselves. All investors who come into Fund 2 will get the upside of Swan Lake as well as all future acquisitions within this fund, regardless of tranche. To become a part of our investor family and secure your position in upcoming opportunities within Evoke Capital Fund 2, please reserve your place in our next tranche at the link in the comments. Evoke Capital Website: https://lnkd.in/gMFxXW2A Parker Kelly Kenji Ignacio Pasha Esfandiary

In incredible fashion, the team at Evoke Capital LLC managed to close on our newest MHC acquisition in Nacogdoches, TX with a contract to close time of 16 days! This could not have been possible without an extremely proactive and cooperative seller and broker. We're pleased to be able to offer our investors a cash flowing investment and an opportunity to take advantage of the ever dwindling bonus depreciation. Looking forward to more acquisitions in 2024!