The Palace Way Fund invests in new real estate development projects. The fund invests in Mobile Home Parks, in major growth areas, primarily in Texas. These are land lease communities built for rental income and appreciation in value. Additionally, the fund invests in development of light industrial Business Warehouse Parks and some Multi Family projects. The fund managers like real estate development because they believe that is where the income and capital appreciation are better than average with mitigated risk.
They have identified three projects: a 240-space Senior Living Mobile Home Park project in San Marcos, Texas, a 14-acre warehouse Business Park development in San Antonio, and a 240-Unit Apartment Complex located in south San Antonio, Texas.