Evoke Capital: Case Studies
At Evoke Capital, each property we acquire is not just an investment—it’s a testament to our strategy of creating value and delivering strong returns. While two of our deals have successfully closed to new investments, we continue to highlight standout successes from our portfolio. Below are two recent examples where our disciplined approach allowed us to exit well ahead of schedule.
Villa Manor MHC
Dodge City, KS
Original Purchase: March 11, 2022
Purchase Price: $2,070,000
Projected Full Return of Capital: March 2027 - 141%
Full-Cycle Highlights
Refinance Date: March 5, 2025 — 24 months ahead of original projections
New Appraised Value: $4,030,000
Capital Distributions at Date of Refinance: 136%
Infinite Cash Flow Club: After capital return, investors retain indefinite equity in a cash-flowing asset
Strategic Focus
Resident-Centric Improvements: Upgraded infrastructure, amenities, and management responsiveness to promote a stable, thriving community.
Efficient Operations: Leveraged tech and data-driven insights to monitor costs, occupancy, and revenue in real time.
Investor Alignment: Structured under the European waterfall model, ensuring our success is tied directly to returning capital to investors first.
Key Takeaway: Villa Manor exemplifies how a meticulous approach to operations and a “People First” strategy can nearly double the asset’s value in just three years—and deliver investor principal plus profit far sooner than planned.
Huntsville, AL
Shady Grove MHC
Original Purchase: May 2022
Purchase Price: $5,425,000
Projected Full Return of Capital: May 2027
Full-Cycle Highlights
Refinance Date: April 2025 — 25 months ahead of schedule
New Appraised Value: $13,300,000
Capital Distributions at Date of Refinance: 151.1%
Infinite Cash Flow Club: Investors reclaim their initial investment and retain permanent equity, translating into ongoing passive income
Strategic Focus
Value-Add Approach: Identified clear avenues for upgrading infrastructure and boosting tenant satisfaction.
Tech-Forward Execution: Adopted digital platforms for finance, leasing, and maintenance to streamline day-to-day management.
Long-Term Vision: Developed a stable operating environment that would encourage consistent occupancy and revenue growth.
Key Takeaway: In just under three years, Shady Grove’s appraised value more than doubled, demonstrating Evoke Capital’s ability to navigate challenging interest-rate landscapes and still achieve accelerated, above-market gains.
