TetraHomes

TetraHomes
A Slate Blue Capital portfolio company
"Vibrant communities where affordability, nature, and community come together."
Manufactured Housing & RV · Portfolio Company

TetraHomes


Family-oriented manufactured-home communities and resort-style RV parks.

$23.47B
Investment Capital
11
Investment Funds
Tier 1
STRATEGY TIER
Manufactured Housing & RV
Sector
Strategy

Investment thesis

TetraHomes develops family-oriented manufactured-home communities and resort-style RV parks in scenic locations across the United States, offering affordable, high-quality housing and outdoor living for families, retirees, and travelers. The company creates sustainable, inclusive communities that pair affordability with modern amenities and strong on-site management. Manufactured housing and RV communities produce durable, recurring income with low turnover and resilient demand. As a core-income position within the housing platform, TetraHomes addresses affordability through a distinctive format. Returns are driven by stable occupancy, community quality, and disciplined operations rather than cyclical appreciation.

Operations

What TetraHomes operates

  • Develops family-oriented manufactured-home communities
  • Operates resort-style RV parks with full-service amenities
  • Provides community activity centers and shared spaces
  • Delivers 24-hour security and on-site maintenance
  • Designs sustainable, inclusive communities with modern amenities
Capital structure

Fund architecture

TetraHomes deploys investment capital through a consolidated stack of 7 platform funds, anchored by an originating Fund 0 vehicle and built out across Fund I through Fund VII. Each fund targets a distinct sub-strategy within manufactured housing & rv, while operations and reserve funds provide platform infrastructure, liquidity, and co-investment capacity. The architecture concentrates capital in scaled vehicles and aligns terms to the cash-flow durability of each strategy.

Investment capital$23.47B
Investment funds11
Operations funds$2.346B
Reserve funds$2.346B
Strategy tierTier 1, Core Income
TetraHomes fund-by-fund detail
FundStrategyTarget sizeTarget return
Fund IMHC Land-Lease Communities: Acquisition, Development & Value-Add$8.94B8% pref
Fund IIRV Resort & Seasonal Destination Communities$5.08B8% pref
Fund IIIFactory-Built Housing Manufacturing$1.53B8% pref
Fund IVAlternative Housing Communities$2.00B8% pref
Fund VMHC Community Retail & Commercial Real Estate$2.00B8% pref
Fund VIManufactured Home Chattel Lending$1.92B8% pref
Fund VIIGround Lease Monetization & Land-Lease REIT Structures$2.00B8% pref
In TetraHomes we backed durable demand and disciplined operations. The thesis is simple: own essential assets, underwrite conservatively, and let recurring income compound.
Slate Blue Capital Investment Committee

Talk to our investor relations team

For fund materials, capital account information, and partnership inquiries, reach Slate Blue Capital directly.

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