The BoaVida Group

What The BoaVida Group does

The BoaVida Group is a Sacramento-based private real estate investment firm founded in 2017 by Eli Weiner that acquires, operates, and stabilizes manufactured housing communities and RV parks/resorts across 35 U.S. states. The company is the 8th largest owner/operator of manufactured housing communities in the country, controlling 230+ properties encompassing more than 27,000 spaces, organized under three operating sub-brands: BoaVida Communities (manufactured housing and extended-stay RV residences nationwide), BoaVida RV Parks and Resorts (Western U.S. parks and resorts), and BoaVida Homes (manufactured home sales into its communities). Underlying technology is standard real estate investment and property management tooling with no proprietary systems identified; investor reporting and capital management are delivered through a JuniperSquare-powered investor portal.

The firm raises capital through a series of annual Regulation D-style private equity funds — from the 2019 Fund through the currently open 2026 Fund — targeted at accredited individual investors seeking manufactured housing and RV park exposure. Investors participate via Class A shares that receive 100% of distributions until all contributed capital plus a 5% annual preferred return is returned, after which 50/50 profit sharing applies with Class B shares held by BoaVida; the funds target a 14% investor IRR. Pricing is not publicly disclosed; minimum commitments are quote-based and vary by fund vintage. Revenue is generated primarily through recurring lot rent on mobile home pads (subscription-style monthly leases), nightly/weekly/seasonal RV site fees, and transaction-based income from selling manufactured homes into vacant community spaces (target of 1,000 homes/year). The 2025 Fund targets $15–$25 million in equity against $30–$50 million in asset value, and cumulative equity raised across funds disclosed to date exceeds $450 million with aggregate asset value above $1.1 billion.

Distribution combines direct sales-led investor relations (phone, email, JuniperSquare portal), channel sourcing through manufactured housing brokers (Marcus & Millichap, Capstone), and earned media plus founder-led podcast appearances to build brand and pipeline. Customer segments are bifurcated: institutional/capital-side customers are accredited individual investors in the funds; demand-side customers are manufactured housing residents (families, retirees, working professionals seeking affordable housing) and RV travelers/digital nomads renting nightly or seasonal sites. Growth between 2017 and 2019 exceeded 1,000%, with 2019 revenue of $16.29 million, and the firm has continued expanding via annual fund vintages and serial single-property acquisitions sourced through broker networks.

Name

The BoaVida Group

Legal name

The BoaVida Group

Website

https://theboavidagroup.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

251–500 employees

Ownership category

akta.pro rank

Product category

Manufactured Housing and RV Park Real Estate Investment

NAICS

Residential Property Managers (531311), Lessors of Real Estate (5311), New Housing For-Sale Builders (236117)

SIC

Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

HOA / Condominium Association Management (BPAJAFAH)

Keywords

• Manufactured housing communities
• Mobile home park investments
• RV park real estate
• Private equity real estate funds
• Recreational vehicle resorts

Headquarters

HQ city

Sacramento

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Supply Chain, Technology or R&D

Revenue model

1. Mobile Home Community Lot Rent: Leasing land in mobile home communities to residents who place mobile homes permanently or on long-term basis. Creates low maintenance costs and low customer turnover.
2. RV Park and Resort Fees: RV parks and resorts cater to RV adventure seekers, leisure travelers, digital nomads, and short-term residence seekers. Revenue from nightly, weekly, and seasonal site rentals.
3. Home Sales: BoaVida sells manufactured homes into their communities, filling vacant spaces. Target to sell 1,000 homes per year.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

The BoaVida Group acquires, owns, and operates manufactured housing communities and RV parks/resorts across 35 U.S. states through annual private equity real estate funds (2019–2026 vintages) offered to accredited individual investors. The company generates revenue from lot rentals, RV site fees, and manufactured home sales, while distributing quarterly cash flow to investors under a Class A/Class B share structure with a 14% target IRR.

Product overview

The BoaVida Group operates as a fully integrated investment and operating company in the manufactured housing and RV park sectors. The company offers individual investors opportunities to acquire mobile home and RV properties through a series of fund products (2019 through 2026 Funds). The core business is organized under two main operating sub-brands: BoaVida Communities (manufactured housing and extended-stay RV residences nationwide) and BoaVida RV Parks and Resorts (parks and resorts in the Western United States). Investors participate through fund investments that acquire, stabilize, and operate properties, with distributions based on a Class A/Class B share structure.

Differentiator

Problem solved

Functional benefit

Products and services

• BoaVida Communities Manufactured housing and extended-stay RV residences operated across the United States, providing affordable community living with well-maintained grounds and amenities for residents and long-term stay guests.
• BoaVida RV Parks and Resorts RV parks and resorts in the Western United States catering to RV adventure seekers, leisure travelers, digital nomads, and short-term residence guests, with nightly, weekly, and seasonal site rentals.
• BoaVida Homes Manufactured home sales operation that places new and pre-owned manufactured homes into BoaVida communities, helping first-time buyers and downsizers achieve homeownership while filling vacant community spaces.
• BoaVida Investment Funds (2019–2026 Fund Series) Series of annual private equity real estate funds that acquire, stabilize, and operate manufactured housing communities and RV parks; investors receive quarterly cash distributions, a 5% annual preferred return, and 100% bonus depreciation tax benefits. The 2022 Fund reached $346 million asset value and $133 million equity raised across 42 parks.
• BoaVida 2026 Fund Latest open vintage of the BoaVida fund series, offering accredited investors exposure to manufactured housing and RV park acquisitions with the standard 14% target IRR, 5% preferred return, and Class A/Class B waterfall structure.

Quantifiable outcome

• 14% target IRR for investors
• +4 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators10 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Equity LifeStyle Properties: Largest publicly traded manufactured housing and RV resort REIT in the U.S. with ~450 properties. Direct competitor for MH community and RV resort acquisitions and operations; comparable fund-like investor exposure through public REIT shares.
• Sun Communities: Public REIT owning manufactured housing communities, RV resorts, and marinas. Most direct public comp to BoaVida's MH + RV dual model, with overlapping customer base of affordable housing residents and RV travelers.
• Flagship Communities REIT: Pure-play manufactured housing community REIT focused on acquiring and operating MH communities across the U.S. Midwest and Southeast. Highly comparable acquisition-and-operate model.
• UMH Properties: Public REIT specializing in manufactured housing communities with rental and for-sale components. Comparable business model combining MH lot rentals with home sales into communities.
• RHP Properties: Privately held owner-operator of manufactured housing communities and RV resorts across 30+ states. Closest private direct competitor to BoaVida in scale and geographic footprint.
• Carefree Communities: Mid-sized owner-operator of manufactured housing communities in the U.S. Direct competitor in the same niche acquisition-and-operate business.
• American Land Lease: Owner-operator of manufactured housing communities and RV resorts, primarily in Florida. Direct competitor with overlapping MH/RV business lines.

Broad incumbents

• Independence Realty Trust: Multifamily REIT focused on B+/A- workforce housing. Broadly comparable affordable-rental thesis but apartment-based, not MH-community based.
• Kampgrounds of America (KOA): Largest system of franchised campgrounds/RV parks in North America with 500+ locations. Comparable in serving the same RV traveler base though via franchise model rather than direct ownership.

Emerging players

• Yogi Bear's Jellystone Park Camp-Resorts: Franchised network of family RV and campground resorts across North America. Comparable RV/campground customer base, though franchise-centric rather than owner-operator like BoaVida RV.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCi9a3p463DbAkZY1RbV3Piw
• Facebookfacebook.com/The-BoaVida-Group-107346290880254
• LinkedInlinkedin.com/company/the-boavida-group
• Instagraminstagram.com/theboavidagroup
• Xx.com/theboavidagroup

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The BoaVida Group