MHC Affordable Housing DST IV
Legal trust name MHC Affordable Housing DST IV
Offering size$60.1M
Asset typeMultifamily
LocationMulti-state
FinancingNot disclosed
Regulation D exemptionRule 506(c)
Sponsor-reported potential 721/UPREIT exitNo
First filedMay 7, 2026
Last filedMay 7, 2026
Minimum$100k
DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current Private Placement Memorandum before investing.
MHC Affordable Housing DST IV is a Delaware Statutory Trust sponsored by MHC Capital and formed to acquire a nine-property manufactured-housing portfolio from its predecessor, MHC Affordable Housing DST III. The portfolio totals 1,702 sites across five Michigan communities, three in Ohio, and one in Pennsylvania. MHC Capital reports a purchase price of $90,020,000, supported by a $90,000,000 Colliers appraisal. The Trust owns the land and improvements, while MHC Affordable Housing ML, LLC operates as Master Tenant under an absolute-net ground lease. An issuer Form D dated May 7, 2026 reported a $60,149,921 offering with none sold as of the filing date.
Min $100k; $60.15M offering, $0 sold, first sale yet to occur as of Form D 5/7/26; 506(c); S2K Financial dealer mgr
Based on issuer-filed Form D notices through May 7, 2026. Amounts are self-reported, may lag current subscriptions, and do not confirm availability. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Reported sold as a percentage of stated offering amount0.0%Current Form D data does not support a reliable raise-progress estimate.
Not enough filing history for a trend line.
Capital sold, per latest Form D—
Remaining amount reported in latest Form D$60,149,921
Investor count reported in latest Form DNot disclosed
Stated minimum investment$100,000
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First filedMay 7, 2026
Latest filingMay 7, 2026
Filings tracked1
View filing on SEC EDGARForm D is an issuer notice filing. A filing does not mean the SEC approved, endorsed, or verified the offering.
Offering profile
SEC filings + cited sources
Portfolio and structure
MHC Affordable Housing DST IV is a Delaware Statutory Trust formed to acquire a manufactured-housing portfolio from its predecessor, MHC Affordable Housing DST III, at a sponsor-reported purchase price of $90,020,000, supported by an independent Colliers appraisal of $90,000,000 1. The portfolio consists of nine manufactured-housing communities totaling 1,702 sites, split across five communities in Michigan, three in Ohio, and one in Pennsylvania — Midwest and Great Lakes markets 1. MHC Capital reports that DST III originally acquired these communities from MHC affiliates in November–December 2021 at a 4.98% cap rate 1.
The Trust owns the land and improvements, while MHC Affordable Housing ML, LLC serves as Master Tenant under an absolute-net ground-lease structure, operating the communities and executing the business plan 1. MHC Capital, the sponsor, describes itself as integrated across acquisitions, property management, and resident services, with principals Kwame Granderson (Managing Partner), Brad Froling, J.D. (Partner), and Steven Anderson (Capital Partner) 1.
Lease and financing
The master lease term on the portfolio is approximately 10 years with three 5-year renewal options; MHC Capital states the DST IV acquisition is the contractual exit mechanism (a sponsor call/right) being exercised in 2026 1. Senior financing on DST III was provided by KeyBank and is expected to remain in place through the DST IV successor closing, per the sponsor 1.
Offering status
An issuer Form D notice dated May 7, 2026 reported a total offering amount of $60,149,921 with $0 sold as of that filing date 2. A Form D is a notice of an exempt offering, not SEC registration, and these figures reflect issuer-filed amounts as of the filing date rather than current availability.
Sources (2)
In the news
Frequently asked questions
Is MHC Affordable Housing DST IV currently active?
MHC Affordable Housing DST IV is classified by Top1031 as active. “Active” reflects the latest public record and does not confirm that interests remain available.
Where does Top1031 get the data for MHC Affordable Housing DST IV?
Top1031 tracks this offering from SEC Form D filings and cited sponsor disclosures. Filing data may lag current subscriptions and does not mean the SEC approved or verified the offering.