SOLD 2024
Lakeway Estates
Bellingham, WA
SOLD 2024

Price: Confidential

Total Spaces: 220

CAP Rate: Confidential

Overview:

Washington BOR License #20107887

Investment Highlights:

  • 4-Star, 55+ Community
  • 98% Occupied
  • Public Utilities
  • Clubhouse, Onsite Laundry Room, and Library
  • Walking Distance to Grocery Stores, Cafes, and Recreation Opportunities
Sold 2024
The Meadows of Carson Creek
Austin, TX
Sold 2024

Price: Confidential

Total Spaces: 149

CAP Rate: Confidential

Overview:

Investment Highlights:

  • 3-Star, All-Age Community
  • All Direct Billed Utilities
  • Central Community Office
  • Minutes from Austin-Bergstrom International Airport
  • 11 Miles from Downtown Austin
SOLD 2023
Ridgebrook Hills
Fort Wayne, IN
SOLD 2023

Price: Confidential

Total Spaces: 738

CAP Rate: Confidential

Overview:

Sold in cooperation with Marcus & Millichap

Investment Highlights:

  • Institutional Quality, All-Age
  • City Utilities
  • 90% Occupied
  • Amenities Include Community Center, Pool & Playground
  • Home Portfolio Included
SOLD 2023
Valdez Mobile Home Park
Valdez, AK
SOLD 2023

Price: Confidential

Total Spaces: 170

CAP Rate: Confidential

Overview:

AK BOR LIC # 168937

Investment Highlights:

  • Assumable 3.44% Fannie Loan
  • City Utilities
  • Experienced On-Site Management Team
  • Attractive Yields at Asking Price
  • Strong Demand For Affordable Housing
SOLD 2023
Institutional Quality All-Age MHC
Midwest Region
SOLD 2023

Price: $30,500,000

Total Spaces: 470

CAP Rate: Call for Details

Overview:

Investment Highlights:

  • 3-Star, All-Age Community
  • Clubhouse & Pool
  • Limited Amount of Owned Homes
Sold 2023
Royal Mobile Estates
Salem, OR
Sold 2023

Price: Call for Details

Total Spaces: 128

CAP Rate: Call for Details

Overview:

Oregon BOR License #200705229

Investment Highlights:

  • 55+ Community
  • Institutional Quality
  • 3.5+ Star Community
  • Clubhouse
  • RV Storage
  • Off-Street Parking
Sold 2023
Mill Creek Estates
Evansville, IN
Sold 2023

Price: Call for Details

Total Spaces: 309

CAP Rate: Call for Details

Overview:

Sold in Cooperation with Marcus & Millichap

Investment Highlights:

  • 4-Star Community
  • All-Age
  • Well-Maintained
  • Concrete Roads with Curb & Gutter
  • City Utilities
  • Late 90’s Construction
Sold 2023
Dayton Park MHC
Minneapolis, MN
Sold 2023

Price: Call for Details

Total Spaces: 243

CAP Rate: Call for Details

Overview:

MN BOR Lic # 40650122

Investment Highlights:

  • 3-Star Community
  • Well-Maintained, Institutional Quality
  • Playground, Basketball Court, Park & Green Space
  • City Utilities
SOLD 2023
German Corner Village
Tulsa, OK
SOLD 2023

Price: Call for Details

Total Spaces: 106

CAP Rate: Call for Details

Overview:

In cooperation with Marcus & Millichap.

Investment Highlights:

  • 3-Star, All-Age Community
  • City Utilities
  • 92% Occupied
  • Minimal POH
SOLD 2023
Green Acres Manufactured Home Community
Aurora, CO
SOLD 2023

Price: $42,000,000

Total Spaces: 209

CAP Rate:

Overview:

Investment Highlights:

  • A+, Irreplaceable Location
  • Historical 98%+ Occupancy
  • Clubhouse
  • Minimal POH
Sold 2023
Grand Ledge Ravines & Channel View
Grand Ledge & Clay Township, MI
Sold 2023

Price: Confidential

Total Spaces: 521

CAP Rate:

Overview:

In cooperation with Marcus & Millichap

Investment Highlights:

  • 2 Park Portfolio
  • Value-Add Opportunity
  • Home Portfolio Included
  • City Utilities
  • Amenity Package Includes Pool, Clubhouse & RV Storage
Sold 2023
Liberty Acres
Kansas City, MO
Sold 2023

Price: Confidential

Total Spaces: 220

CAP Rate: Confidential

Overview:

IA BOR Lic #B67904000

Investment Highlights:

  • 3.5 Star, All-Age Community
  • Central Club House, Basketball Court and Playground
  • Potential Expansion Opportunity
  • Park Owned Home Portfolio Included
Sold 2023
West Branch Village
Iowa City, IA
Sold 2023

Price: Confidential

Total Spaces: 240

CAP Rate: Confidential

Overview:

Investment Highlights:

  • All-Age Community
  • City Services
  • Amenities Include Playground, Basketball Court, Park & Open Space
Sold 2023
Mt. Princeton RV Park
Buena Vista, Colorado
Sold 2023

Price: $4,875,000

Total Spaces: 91

CAP Rate:

Overview:

Investment Highlights:

  • 91 Sites with Opportunity to Expand
  • 55+ Community
  • All Sites are 30×60
  • All Sites have Full Hookups
Sold 2023
Creekside Estates
Grand Rapids, MI
Sold 2023

Price: Confidential

Total Spaces: 165

CAP Rate: Confidential

Overview:

Institutional quality, all-age community located in booming suburb of Grand Rapids, Michigan.
MI BOR Lic# 6504411293

Investment Highlights:

  • Strong Curb Appeal with Upgraded, Well-Maintained Concrete Roads & Community Amenities
  • $1.6M in Capital Improvements by Current Owners
  • All Public, Tenant-Paid Utilities
  • Mostly Tenant-Owned Homes, Current POH Inventory all 2019 or Newer
Sold 2023
Meadowlark 55+
Loveland, CO
Sold 2023

Price: 8,500,000

Total Spaces: 72

CAP Rate: 3.5%

Overview:

Investment Highlights:

  • 3.5 Star, 55+ Community
  • City Utilities
  • 97% Occupancy
  • Under Market Rents
  • Seller Financing
SOLD 2023
Texas Ranch RV Resort
Alvarado, TX
SOLD 2023

Price: Call for details

Total Spaces: 263

CAP Rate: Call for details

Overview:

Investment Highlights:

  • RV Resort in the DFW Metroplex
  • Construction Completed in 2021
  • Amenities Include Large Lots, Two Pools, Clean Restrooms with Showers and Laundry, Fishing Ponds and Clubhouse
  • Majority Long Term Tenants
  • Covered RV Storage
Sold 2023
Kersey Mobile Home Park
Kersey, CO
Sold 2023

Price: $6,000,000

Total Spaces: 80

CAP Rate: 4.49%

Overview:

Mueller & Hoffman, as exclusive agent for the owner, is pleased to present the
opportunity to purchase Kersey Mobile Home Park in Kersey, Colorado.

Investment Highlights:

  • 99% Occupied
  • All Tenant Owned Homes
  • City Services
  • Located Within Fastest Growing Metro area in State
Sold 2023
Kenowa Estates
Chillicothe, OH
Sold 2023

Price: Call for details

Total Spaces: 80

CAP Rate: Call for details

Overview:

Mueller & Hoffman, as exclusive agent for the owner, is pleased to present the
opportunity to purchase Kenowa Estates.
OH BOR License # BRKP.2020005088

Investment Highlights:

  • All-Age Community
  • 92% Occupied
  • Public Water, Private Sewer
  • 14 Park Owned Homes
Sold 2023
Lakeview Estates
Mansfield, OH
Sold 2023

Price: Call for details

Total Spaces: 127

CAP Rate: Call for details

Overview:

Mueller & Hoffman, as exclusive agent for the owner, is pleased to present the
opportunity to purchase Lakeview Estates.
BOR Lic# BRKP.2020005088

Investment Highlights:

  • All-Age Community
  • Private Water & Sewer
  • 21 Park Owned Homes
  • Resurfaced Roads 2021
Sold 2023
RV Park USA
Comfort, TX
Sold 2023

Price: Call for details

Total Spaces: 67

CAP Rate: Call for details

Overview:

Investment Highlights:

  • 67 Spaces
  • 95% Occupancy, Majority Long Term Residents
  • Located Halfway Between Boerne & Kerrville
  • City Utilities
  • Under Market Rent
SOLD 2023
Sunny Hill RV Park
Austin, TX MSA
SOLD 2023

Price: Confidential

Total Spaces: 98

CAP Rate: Confidential

Overview:

Investment Highlights:

  • 98 Total Sites
  • 96% Occupancy
  • Long Term Tenants
  • 85 Storage Sheds
  • Located 35 Miles North of Downtown Austin
SOLD 2022
Trails of Oak Hill
Austin, TX
SOLD 2022

Price: Confidential

Total Spaces: 336

CAP Rate: Confidential

Overview:

Investment Highlights:

  • Arguably, Best Located Community in the State of Texas
  • Average Neighboring Barton Creek Home Pricing – $2.4M
  • Amenities Include Pool, Clubhouse & Central office
  • Incredible Niche Market Repositioning and Rent Potential
Sold 2022
3 Park Portfolio
Upper Midwest Region
Sold 2022

Price: Call for Details

Total Spaces: 454

CAP Rate: Call for Details

Overview:

Investment Highlights:

  • City Services
  • Occupancy Upside
  • $2M + In Recent Capital Improvements
  • Park Owned Home Portfolio Included (mostly 2020 and newer)
Sold 2022
Sunnybrook
Des Moines, IA
Sold 2022

Price: Call for Details

Total Spaces: 143

CAP Rate: Call for Details

Overview:

Iowa BOR License #B67904000

Investment Highlights:

  • 3-Star, All-Age Community
  • Well-Maintained Community with Strong Curb Appeal
  • Over $1.1M In Recent Capital Improvements
  • Majority Tenant Owned Homes
  • City Water, Private Sewer
Sold 2022
Confidential Community
Intermountain Region
Sold 2022

Price: Confidential

Total Spaces: 86

CAP Rate: Confidential

Overview:

3+ Star Community

Investment Highlights:

  • 86 Spaces
  • 100% Occupied
  • City Utilities
  • Under Market Rents
  • 9 Park Owned Homes
SOLD 2022
Becker Estates
Becker, MN
SOLD 2022

Price: Confidential

Total Spaces: 95

CAP Rate: Confidential

Overview:

MN License # 40650122

Investment Highlights:

  • 3-Star, All-Age Community
  • Occupancy Upside
  • Public Utilities
  • Over $700k in Capital Improvements Since 2019
Sold 2022
Upper Midwest 3-Star
Upper Midwest Region
Sold 2022

Price: $5,250,000

Total Spaces: 110

CAP Rate: 4.8%

Overview:

Investment Highlights:

  • 3-Star, All Age Community
  • City Services
  • 92% Occupied
  • 2 Park Owned Homes
SOLD 2022
Upper Midwest 3-Star Community
Midwest Region
SOLD 2022

Price: $6,250,000

Total Spaces: 150

CAP Rate: 3.8%

Overview:

Investment Highlights:

  • 3-Star Community
  • 99% Occupied
  • All Utilities Direct Billed from City
  • No Park Owned Homes
  • Under Market Rents
SOLD 2022
Mobile Estates
Greeley, CO
SOLD 2022

Price: $7,000,000

Total Spaces: 92

CAP Rate: 5.38%

Overview:

Exclusively Listed by Mueller & Hoffman

Investment Highlights:

  • 2-Star, All-Age Park
  • No Park Owned Homes
  • City Utilities
  • All Sewer Lines Replaced in 2020
  • 1 Vacant
SOLD 2022
Carlisle Plaza
Albuquerque, NM
SOLD 2022

Price: Confidential

Total Spaces: 78

CAP Rate: Confidential

Overview:

Mueller & Hoffman, as exclusive agent for the owner, is pleased to present the
opportunity to purchase Carlisle Mobile Home Park in Albuquerque, NM.
NM Lic: #20528

Investment Highlights:

  • 55+ Community
  • 99% Occupied
  • City Utilites
  • Under Market Rents
Sold 2022
Friendly Village of Arlington
Arlington, TX
Sold 2022

Price: Confidential

Total Spaces: 251

CAP Rate: Confidential

Overview:

Friendly Village is a 251 site, all-age community located in the heart of the entertainment district of Arlington, Texas and minutes from AT&T Stadium (Cowboys) and Globe Life Park (Rangers).

Investment Highlights:

  • 3.5 Star, All-Age Community
  • Incredible Location, Minutes from Cowboy’s Stadium & Globe Life Park
  • Located in the Heart of the Entertainment District
  • Amenities Include a Clubhouse, Swimming Pool, & Billiards
  • Off Street Parking with Curb & Gutter Streets
Sold 2022
The Meadows
La Junta, CO
Sold 2022

Price: $3,850,000

Total Spaces: 100

CAP Rate: 7.22%

Overview:

Mueller & Hoffman, as exclusive agent for the owner, is pleased to present the opportunity to
purchase The Meadows of Santiago in La Junta, CO.

Investment Highlights:

  • First Year Projected Cap Rate of 7.22%
  • First Year Projected Cash on Cash of 14.17%
  • All direct billed utilities
  • 28 park owned homes offered at $15K per home
  • 86% occupied
  • POH income grosses an additional $88K per year, which was not used in the calculation of the park NOI.
SOLD 2022
AAA & Continental Estates
Cheyenne, WY
SOLD 2022

Price: Call for Details

Total Spaces: 144

CAP Rate: Call for Details

Overview:

BOR WY license # RE-15859

Investment Highlights:

  • 2 Park Portfolio in Desirable Market
  • 144 Spaces
  • City Utilities
  • Occupancy & Rent Upside
  • POH Portfolio Included
Sold 2022
Sunset Manufactured Home Community
Loveland, CO
Sold 2022

Price: Call for details

Total Spaces: 165

CAP Rate: Call for details

Overview:

4-Star, 55+ Community

Investment Highlights:

  • Record Breaking Price Per Space for Colorado
  • 55+ Community
  • 100% Occupancy
  • All Tenant Owned Homes
  • City Utilities
SOLD 2022
Iowa City Portfolio
Iowa City, IA
SOLD 2022

Price: Call for details

Total Spaces: 418

CAP Rate: Call for details

Overview:

Mueller & Hoffman, as exclusive agent for the owner, is pleased to present the opportunity
to purchase the 418-site Iowa City Portfolio, featuring four manufactured housing
communities in the Iowa City metropolitan area.

Investment Highlights:

  • Four, All-Age Communities
  • 415 MH Sites, 2 SFR & 1 Apt
  • 93% Occupancy Across Portfolio
  • Direct Billed Water/Sewer
  • Significant Rental Upside
  • Approval to Expand by 35 Units
Sold 2022
Flat Rock Village
Van Buren, AR
Sold 2022

Price: Call for Details

Total Spaces: 209

CAP Rate: Call for Details

Overview:

4-Star, 55+ Community

Investment Highlights:

  • 55+ Community
  • City Services
  • No Parked Home Homes
  • Central Office
SOLD 2022
Whispering Pines & Bel Air
Medford, OR
SOLD 2022

Price: Call for Details

Total Spaces: 114

CAP Rate: Call for Details

Overview:

OR BOR License: 200705229

Investment Highlights:

  • Whispering Pines (55+)  – 63 Double Wide Sites
  • Bel Air – 51 Sites
  • Both Parks Rebuilt after Almeda Fire
  • Whispering Pines – 44% Occupied
  • Bel Air – 14% Occupied
Sold 2022
Green Acres
Springville, UT
Sold 2022

Price: Confidential

Total Spaces: 75

CAP Rate: Call for Details

Overview:

UT BOR License: UT5607915

Investment Highlights:

  • Provo-Orem MSA
  • 100% Occupancy
  • City Utilities
  • Under Market Rents
  • No Park Owned Homes
  • All-Age Community
Sold 2022
Central Texas Portfolio
Bell County Texas
Sold 2022

Price: Confidential

Total Spaces: 398

CAP Rate:

Overview:

Mueller & Hoffman, as exclusive agent for the owner, is pleased to present the opportunity to purchase the 398-site Central Texas Portfolio.

Investment Highlights:

  • 95% Portfolio Occupancy
  • 398 Total Affordable Housing Sites in One of the Fastest Growth States in America
  • Professionally Managed
Sold 2022
Southern California Portfolio
Orange County
Sold 2022

Price: $19,900,000

Total Spaces: 101

CAP Rate: 4%

Overview:

Two Park Portfolio Located in Orange County, CA

Investment Highlights:

  • $197,000 per Space
  • Infill Orange County Locations
  • Public Utilities
  • Historical High Occupancy
Sold 2022
Lago Vista
Loveland, CO
Sold 2022

Price: Confidential

Total Spaces: 301

CAP Rate: Confidential

Overview:

Mueller & Hoffman Manufactured Housing is pleased to announce the sale of Lago Vista in Loveland, CO for an undisclosed price.

Investment Highlights:

  • Institutional Quality Asset
  • Highly Desirable Fort Collins-Loveland MSA
  • Robust Local Economy
  • City Utilities
  • 100% Occupied
Sold 2022
4-Star Community
Intermountain Region
Sold 2022

Price: Confidential

Total Spaces: 115

CAP Rate: Confidential

Overview:

Investment Highlights:

  • Institutional Quality Asset
  • Highly Desirable MSA
  • City Utilities
  • 100% Occupancy
Sold 2022
5 Park Portfolio
Various States
Sold 2022

Price: $53,500,000

Total Spaces: 738

CAP Rate: 4.25%

Overview:

5 Park Portfolio Consisting of 738 Spaces Across 4 States

Investment Highlights:

  • All-Age Communities
  • Institutional Quality
  • City Services
  • 738 Total Spaces
SOLD 2022
River Park Mobile Estates
Anderson, CA
SOLD 2022

Price: $4,000,000

Total Spaces: 54

CAP Rate: 4%

Overview:

CalDRE# 02006632

Investment Highlights:

  • 55+ Community
  • Asphalt Streets, Curb & Gutters, & Concrete Driveways
  • 96% Occupancy
  • City Utilities
SOLD 2022
Westside Mobile Home Park
Durango, CO
SOLD 2022

Price: $5,545,000

Total Spaces: 63

CAP Rate: 4.44%

Overview:

All Age Community Located in Durango, CO

Investment Highlights:

  • All-Age Community
  • 56 MH Units
  • 6 Apartment Units, 1 SFR
  • City Sewer, Well Water
  • Rental Home Portfolio Included
Sold 2022
Don Mar
Noblesville, IN
Sold 2022

Price: Call For Details

Total Spaces: 71

CAP Rate: Call For Details

Overview:

Mueller & Hoffman, as exclusive agent for the owner, is pleased to present the
opportunity to purchase the Don-Mar Mobile Home Court in Noblesville, IN.
IN BOR #RB19002076

Investment Highlights:

  • 2-Star, All-Age Community
  • 71 Home sites
  • 94% Occupied
  • City Utilities
SOLD 2022
Emerald Acres
Colorado Springs, CO
SOLD 2022

Price: Confidential

Total Spaces: 112

CAP Rate: 3.3%

Overview:

3-Star, 55+ Community in Colorado Springs
Record Breaking Price Per Pad for Springs Market

Investment Highlights:

  • 55+ Community
  • Amenities Include a Clubhouse
  • 97% Occupied
  • No Park Owned Homes
  • City Services
  • Record Breaking Price Per Space for Colorado Springs Market
SOLD 2022
Multi-State Portfolio
Multiple States
SOLD 2022

Price: $88,900,000

Total Spaces: 1844

CAP Rate: Call for Details

Overview:

16 Parks Across Four States

Investment Highlights:

  • 16 Parks Across Four States
  • Home & Note Portfolio Included
  • Majority City Services
SOLD 2022
2 Property Portfolio – Midwest
Midwest Region
SOLD 2022

Price: Confidential

Total Spaces: 455

CAP Rate: Confidential

Overview:

Investment Highlights:

  • 2 Communities Totaling 455 Spaces
  • City Utilities
  • Occupancy Upside & Expansion Opportunity
  • Minimal Park Owned Home Inventory
SOLD 2022
Glenwood Mobile Home Park
Des Moines, IA
SOLD 2022

Price: Call For Details

Total Spaces: 73

CAP Rate: Call For Details

Overview:

Exclusively Listed Opportunity
IA BOR License #B67904000

Investment Highlights:

  • All Age Community
  • 73 MH Spaces, 1 Stick Built
  • City Utilities
  • Avg Site Rent of $419, Includes W,S,T
SOLD 2022
Pine Hill Mobile Home Park
Claremont, NH
SOLD 2022

Price: Confidential

Total Spaces: 101

CAP Rate: Confidential

Overview:

NH Broker of Record
Granite Commercial Real Estate
Nashua, NH

Investment Highlights:

  • 101 Spaces
  • 99% Occupied
  • City Water
  • Newer Septic System
  • 3 Park Owned Homes
SOLD 2021
Rocky Mountain Portfolio
Salt Lake City
SOLD 2021

Price: $26,400,000

Total Spaces: 286

CAP Rate: 4%

Overview:

UT License # 5607915-PB00

Investment Highlights:

  • 4 All-Age Communities Consisting of 286 Spaces
  • City Utilities
  • No Park Owned Homes
  • 100% Occupancy
SOLD 2021
Wisconsin Portfolio
Madison, WI
SOLD 2021

Price: Confidential

Total Spaces: 636

CAP Rate: Confidential

Overview:

636 Spaces in the Madison, WI MSA

Investment Highlights:

  • 3 All-Age Communities
  • Madison, WI (MSA)
  • City Services
  • 636 Spaces
  • Rental Upside
SOLD 2021
Ridgebrook & Valley Hills
Fort Wayne, IN
SOLD 2021

Price: Confidential

Total Spaces: 735

CAP Rate: Confidential

Overview:

735 Spaces, Institutional Quality

Investment Highlights:

  • All-Age Communities
  • Institutional Quality
  • Amenities Include Pool & Playground
  • Spacious Community Located Minutes from the City
SOLD 2021
The Vineyards
Clifton, CO
SOLD 2021

Price: $6,300,000

Total Spaces: 93

CAP Rate: 3.90%

Overview:

Investment Highlights:

  • 2.5 – Star All-Age Community
  • City Utilities
  • No Park Owned Homes
  • 100% Occupied
  • Offered Free and Clear
SOLD 2021
Allen Genoa Manufactured Home Community
Houston, TX
SOLD 2021

Price: Call For Details

Total Spaces: 136

CAP Rate: Call For Details

Overview:

Investment Highlights:

  • 136 Usable Lots
  • 97% Occupied
  • City Utilities
  • Under Market Rents
  • Park Owned Home Portfolio Included
SOLD 2021
Park View Estates
Portland, MI
SOLD 2021

Price: Confidential

Total Spaces: 77

CAP Rate: Confidential

Overview:

Investment Highlights:

  • 3-Star, All-Age Community
  • Direct Billed Services
  • 76 MH Sites, 1 Apt
SOLD 2021
Cragmor
Colorado Springs
SOLD 2021

Price: $2,700,000

Total Spaces: 41

CAP Rate: 4.50%

Overview:

Investment Highlights:

  • 2-Star Community
  • City Water & City Sewer
  • Under Market Rents
  • Rental Home Portfolio Included
SOLD 2021
Pacific NW Community
Pacific NW
SOLD 2021

Price: $13,800,000

Total Spaces: 104

CAP Rate: 2.6%

Overview:

Investment Highlights:

  • 3-Star, 55+ Community
Sold 2021
Desert Sky
Apache Junction, AZ
Sold 2021

Price: $5,700,000

Total Spaces: 79

CAP Rate: 4.05%

Overview:

Investment Highlights:

  • 55+ MH & RV Community
  • City Water, Private Septic
  • 97% Occupancy
  • Clubhouse, Laundry and Shower Facilities
  • Full Activity Package for Seniors
SOLD 2021
Golden Hills & Security
Golden, CO & Fountain, CO
SOLD 2021

Price: $6,925,000

Total Spaces: 90

CAP Rate: 4.08%

Overview:

Investment Highlights:

  • Two All-Age Communities
  • Historical High Occupancy
  • Desirable Front Range Locations
SOLD 2021
Rancho Estates
Goleta, CA
SOLD 2021

Price: $25,000,000

Total Spaces: 150

CAP Rate: 3.26%

Overview:

Mueller & Hoffman, as exclusive agent for the owner, is pleased to present the opportunity to purchase the Rancho Estates manufactured housing community in Goleta, CA. Rancho Estates is a 100% occupied, all-age community with 150 sites. Offered at $25,000,000 or $168,923 per site, the year 1 proforma CAP rate is 3.26%.
CA BOR:
KMZ Brokerage, Inc.
1601 N. Sepulveda Blvd., #341
Manhattan Beach, CA 90266
CalDRE#02006632

Investment Highlights:

  • Eight Miles West of Santa Barbara
  • Offered at $168,923 Per Site
  •  Significant upside and maximum flexibility due to a unique development agreement in place with the City of Goleta.
  • Recent appraisal of valuing Individual lots estimates a combined value of over $53,000,000
  •  Surrounding median home value of over $740,000
  • Video of Property
SOLD 2021
Northshore Manufactured Home Community
Channelview, TX
SOLD 2021

Price: Confidential

Total Spaces: 134

CAP Rate: Confidential

Overview:

Investment Highlights:

  • All-Age Community
  • Houston MSA Location
  • 134 Spaces
  • 89% Occupancy
  • Rental Home Portfolio Included
SOLD 2021
Hickory Village
Fort Collins, CO
SOLD 2021

Price: $23,345,000

Total Spaces: 204

CAP Rate: Call for Details

Overview:

Confidential Off-Market Deal

Investment Highlights:

  • All-Age Community
  • No Park Owned Homes
  • 100% Occupied
  • Amenities Include Basketball Court, Playground & Volleyball
SOLD 2021
Milner Mobile Home Park
Steamboat Springs, CO
SOLD 2021

Price: $3,700,000

Total Spaces: 40

CAP Rate: Call For Details

Overview:

Investment Highlights:

  • All-Age Community
  • No Park Owned Homes
  • $92,819 Per Space
  • $500 Average Rents
  • 100% Occupancy
SOLD 2021
South Park Mobile Estates
Tyler, TX
SOLD 2021

Price: Call For Details

Total Spaces: 95

CAP Rate: Call For Details

Overview:

Investment Highlights:

  • 55+ Community
  • 83 MH Sites + 13 RV Sites
  • 95% Occupancy
  • Well Water & City Sewer
  • Room to Expand Community
SOLD 2021
Missile Drive Mobile Home Park
Cheyenne, WY
SOLD 2021

Price: Call For Details

Total Spaces: 75

CAP Rate: Call For Details

Overview:

WY BOR: TYG Commercial Real Estate #12610

Investment Highlights:

  • 2-Star, All-Age Community
  • Avg Lot Rent of $520
  • 97% Occupancy
  • City Services
SOLD 2021
3-State Portfolio
Multiple States
SOLD 2021

Price: $96,750,000

Total Spaces: 1138

CAP Rate: Call For Details

Overview:

Investment Highlights:

  • 4 All-Age Parks Across 3 States
  • 1,138 Total Spaces
  • Value-Add Portfolio
  • Note and Rental Home Portfolio Included
  • Offered Free & Clear
SOLD 2021
Tall Pines
Grass Valley, CA
SOLD 2021

Price: $13,000,000

Total Spaces: 96

CAP Rate: Call for Details

Overview:

CA BOR:
KMZ Brokerage, Inc.
1601 N. Sepulveda Blvd., #341
Manhattan Beach, CA 90266
CalDRE#02006632

Investment Highlights:

  • 4 Star, All-Age Park
  • 96 Spaces, 100% Occupied
  • Amenities Include Pool, Clubhouse with Exercise Room, and Basketball Court
  • No Rent Control
  • City Water, Private Septic, Propane Gas & Master Electric
  • All utilities Billed Back
SOLD 2021
Mountain View
Longmont, CO
SOLD 2021

Price: $11,500,000

Total Spaces: 81

CAP Rate: 3.4%

Overview:

Investment Highlights:

  • 55+ Community
  • 3-Star Quality
  • Pool & Clubhouse
  • No Park Owned Homes
  • City Utilities
SOLD 2021
Twin Pines & Landmark
Warren, MI
SOLD 2021

Price: Confidential

Total Spaces: 219

CAP Rate: Confidential

Overview:

2 Park Portfolio
MI BOR License # 6504411293

Investment Highlights:

  • 2 Park Portfolio Located in Warren, MI
  • 2-Star Quality
  • City Services
  • Park Owned Home Portfolio Included
SOLD 2021
Arizona Maverick RV Park
Mesa, AZ
SOLD 2021

Price: $2,450,000

Total Spaces: 38

CAP Rate: 7%

Overview:

Investment Highlights:

  • 38 Spaces with Full Hookups
  • Gated Entrance
  • Laundry & Dog Run
  • Private Septic, City Water
  • Electric Direct Billed
  • Avg Rent $550
  • Located in Mesa, AZ
SOLD 2021
Western Pines
Katy, TX (Houston)
SOLD 2021

Price: Confidential

Total Spaces: 395

CAP Rate: Confidential

Overview:

Western Pines, a 395 space mobile home community was 100% occupied at the time of sale. This 4-star quality park was offered free and clear of existing debt and is considered one of the highest quality affordable housing options in the market.

Investment Highlights:

  • 395 Space, All-Age Community
  • 4 Star Quality
  • No Park Owned Homes
  • Concrete Roads – Curb & Gutter Streets
  • Central Office & Playground
Sold 2021
Confidential 2-Star Community
Western Region
Sold 2021

Price: $5,650,000

Total Spaces: 194

CAP Rate: 6%

Overview:

Off-Market Transaction

Investment Highlights:

  • 195 Spaces
  • City Services
  • No Park Owned Homes
SOLD 2021
Cedar River Estates
Fowlerville, MI
SOLD 2021

Price: Confidential

Total Spaces: 119

CAP Rate: Confidential

Overview:

MI BOR License # 6504411293

Investment Highlights:

  • All-Age Community
  • 119 Spaces
  • 98% Occupancy
  • All Tenant Owned Homes
  • City Services
Sold 2021
Lamplighter & Cedar Mountain
Craig, CO
Sold 2021

Price: $10,800,000

Total Spaces: 218

CAP Rate:

Overview:

Investment Highlights:

  • 2 All-Age Communities in Craig, CO
  • City Services
  • High Historical Occupancy
  • $49,500 per space
SOLD 2021
2 Park Portfolio
Midwest Region
SOLD 2021

Price: $7,100,000

Total Spaces: 231

CAP Rate: Confidential

Overview:

Off Market Transaction

Investment Highlights:

  • 2 All-Age Communities
  • 231 Spaces
  • City Services
  • Park Owned Home Package Included
SOLD 2021
North Brook & Bissel Village
Springfield, IL
SOLD 2021

Price: Confidential

Total Spaces: 375

CAP Rate: Confidential

Overview:

IL license #: 471020990

Investment Highlights:

  • 2 Park Portfolio
  • Northbrook is a 55+ Community
  • Bissel is an all-age Community
  • City Utilities
  • Occupancy Upside
  • Substantial POH Portfolio Included
SOLD 2021
4-Star Community With Expansion
Eastern Region
SOLD 2021

Price: Confidential

Total Spaces: 135

CAP Rate: Confidential

Overview:

4-Star Park with Expansion Opportunity

Investment Highlights:

  • 4-Star All-Age Community
  • Substantial Expansion Opportunity
  • City Utilities
SOLD 2021
Cascade Mobile Home Park
Colorado Springs
SOLD 2021

Price: $2,800,000

Total Spaces: 54

CAP Rate: 6.77%

Overview:

Mueller & Hoffman as exclusive agent for the owner, is pleased to
present the opportunity to purchase Cascade Manufactured Home
Community consisting of 54 spaces located in Colorado Springs,
Colorado.

Investment Highlights:

  • All-Age Community
  • City Utilities
  • 3 POH & 3RTO
  • Offered Free and Clear
  • 91% Economic Occupancy
SOLD 2021
3-Star Rocky Mountain Region Community
Rockies
SOLD 2021

Price: $13,500,000

Total Spaces: 220

CAP Rate: 4%

Overview:

Confidential, Off-Market Sale

Investment Highlights:

  • 220 Space, All-Age Community
  • City Services
  • 50+/- Park Owned Homes
SOLD 2021
La Mesa MHC
Los Alamos, NM
SOLD 2021

Price: Confidential

Total Spaces: 80

CAP Rate: Confidential

Overview:

NM BOR License# 20528

Investment Highlights:

  • All-Age Community
  • 3-Star Quality
  • No POH
  • 98% Occupied
  • Public Utilities
SOLD 2021
All-Age Southwest Community
Southwest Region
SOLD 2021

Price: $3,100,000

Total Spaces: 113

CAP Rate: 6.5%

Overview:

Off Market Transaction

Investment Highlights:

  • 2.5 Star, All-Age Community
  • City Utilities, Submetered
  • 13 Park Owned Homes
  • 90% Occupied
Sold 2021
55+ Portfolio
Florida
Sold 2021

Price: $36,500,000

Total Spaces: 471

CAP Rate: Confidential

Overview:

FL BOR Gary Tasman/Commercial SW FL

Investment Highlights:

  • 55+ Portfolio
  • Consists of 4 Communities
  • Amenities Include Clubhouse, Shuffleboard & Billiards
SOLD 2021
Albuquerque Meadows
Albuquerque, New Mexico
SOLD 2021

Price: Confidential

Total Spaces: 430

CAP Rate: Confidential

Overview:

NM BOR License# 20528

Investment Highlights:

  • 4-Star, Senior Community
  • Amenities Include Gated Entrance, Clubhouse & Swimming Pool
  • City Services
  • Subject to FNMA Loan Assumption
SOLD 2021
Forest Park
Middletown, RI
SOLD 2021

Price: Confidential

Total Spaces: 81

CAP Rate: Confidential

Overview:

81 Space, All-Age Community in Middletown, Rhode Island

Investment Highlights:

  • 98% Occupied
  • City Services
  • Surrounding Median Home Price over $390,000
SOLD 2021
All-Age Community
Houston, TX
SOLD 2021

Price: Confidential

Total Spaces: 105

CAP Rate: Confidential

Overview:

Off Market Transaction

Investment Highlights:

  • 2 Star, All-Age Community
  • City Utilities
  • 12 Park Owned Homes
  • 99% Occupancy
Sold 2021
Confidential MH & RV Park
Rocky Mountains
Sold 2021

Price: $8,000,000

Total Spaces: 103

CAP Rate: 6%

Overview:

Off Market Transaction

Investment Highlights:

  • 103 Space MH & RV Park
  • City Utilities
  • No Park Owned Homes
  • Desirable MSA
SOLD 2021
860 Site Portfolio
Midwest Region
SOLD 2021

Price: $36,500,000

Total Spaces: 860

CAP Rate: Undisclosed

Overview:

7 Park Portfolio

Investment Highlights:

  • 860 Spaces
  • 7 Communities
  • All-Age
  • 2 to 3 Star Quality
  • City Services
SOLD 2021
Confidential All Age Park
Rocky Mountain Region
SOLD 2021

Price: $25,000,000

Total Spaces: 200

CAP Rate: 4%

Overview:

Investment Highlights:

  • 200 Space, All-Age Community
  • City Utilities, Billed Back
  • 100% Occupied
SOLD 2021
3-Star, All-Age Community
Southwest Region
SOLD 2021

Price: $18,550,000

Total Spaces: 180

CAP Rate: 4%

Overview:

Off-Market Transaction

Investment Highlights:

  • 100% Occupied
  • N0 Park Owned Homes
  • City Utilities
Sold 2021
Santiago & Cypress
Las Vegas, NV
Sold 2021

Price: Confidential

Total Spaces: 316

CAP Rate: Confidential

Overview:

In cooperation with NV License # 143336

Investment Highlights:

  • 317 Total Spaces
  • 92% Occupancy & 84% Occupancy
  • Subject to Two Loan Assumptions
  • City Utilities
  • Swimming Pool, Clubhouse, Playground, Basketball Court & Laundry
Sold 2021
Confidential Community
Eastern Region
Sold 2021

Price: $13,250,000

Total Spaces: 147

CAP Rate: Confidential

Overview:

Investment Highlights:

  • 55+ Community
  • No Park Owned Homes
  • 100% Occupied
  • City Utilities
SOLD 2021
Confidential Texas Community
San Antonio, TX MSA
SOLD 2021

Price: Confidential

Total Spaces: 240

CAP Rate: Confidential

Overview:

Off Market Transaction

Investment Highlights:

  • All Age Community
  • Approximately 72% Occupied
  • City Services
  • 120 +/- POH
  • Amenities Include Clubhouse, Swimming Pool, Basketball & RV Storage
SOLD 2021
Colorado All-Age Community
Denver MSA
SOLD 2021

Price: $20,350,000

Total Spaces: 136

CAP Rate: 4.02%

Overview:

Off Market Transaction

Investment Highlights:

  • $149,000 / Space
  • No Park Owned Homes
  • 100% Occupied
  • City Utilities
SOLD 2021
Countryside Estates
Greeley, CO
SOLD 2021

Price: $19,000,000

Total Spaces: 196

CAP Rate: 3.02%

Overview:

All Age Community

Investment Highlights:

  • 92% Occupied
  • No Park Owned Homes
  • 3-Star Quality
  • City Services
Sold 2020
Longmeadow
Alabaster, AL
Sold 2020

Price: Undisclosed

Total Spaces: 250

CAP Rate: 4.75%

Overview:

AL BOR License # 000100559-0

Investment Highlights:

  • 250 Spaces
  • Built in 90’s
  • City Water, Septic Sewer
  • 1 POH
  • Affluent Suburb of Birmingham with highly rated Schools
Sold 2020
Sylvan Lake & Shady Lane
Detroit, MI MSA
Sold 2020

Price: Undisclosed

Total Spaces: 324

CAP Rate: Undisclosed

Overview:

MI BOR License # 6504411293

Investment Highlights:

  • 2 All-Age Parks in the Detroit, MI MSA
  • 324 total Spaces
  • City Utilities
  • Substantial POH Portfolio Included
Sold 2020
Glenwood Manufactured Home Community
Georgetown, TX
Sold 2020

Price: Confidential

Total Spaces: 127

CAP Rate: Confidential

Overview:

Investment Highlights:

  • 3-Star, All-Age Community
  • 100% Occupied
  • No Park Owned Homes
  • Newer Construction
  • Well Water & Septic
SOLD 2020
Dequindre Estates
Shelby Township, MI
SOLD 2020

Price: Confidential

Total Spaces: 303

CAP Rate: Confidential

Overview:

Off-Market Transaction
MI BOR License # 6504411293

Investment Highlights:

  • Historical Record Price Per Space
  • 4-Star, All-Age Community
  • 99% Occupied
  • City Services
  • Spacious Sites
  • Fishing Lake
Sold 2020
Sierra Vista
Shafter, CA
Sold 2020

Price: $7,675,000

Total Spaces: 147

CAP Rate: Confidential

Overview:

Off Market Transaction
KMZ Brokerage, Inc.
CalDRE#02006632

Investment Highlights:

  • All-Age Community
  • 99% Occupied
  • $420 Lot Rents
  • City Services
SOLD 2020
Apollo MHP
Sparks, NV
SOLD 2020

Price: $4,350,000

Total Spaces: 55

CAP Rate: 5%

Overview:

Off-Market Transaction
NV BOR License: B.0143336.LLC

Investment Highlights:

  • 55 Spaces
  • City Services
  • All-Age
  • Lot Rent Includes, Water, Sewer & Trash
Sold 2020
The Meadowlands
Deer Park, TX
Sold 2020

Price: Confidential

Total Spaces: 75

CAP Rate: Confidential

Overview:

3-Star, All-Age Community. Off-Market Transaction.

Investment Highlights:

  • 3-Star, All-Age Community
  • 100% Occupied
  • 34 POH
  • Avg Rent of $434
  • City Services, All Billed Back
SOLD 2020
Alpine Park Manufactured Home Community
Dubuque, IA
SOLD 2020

Price: Confidential

Total Spaces: 412

CAP Rate: Confidential

Overview:

IA License # B56367000

Investment Highlights:

  • 412 Sites at Full Build Out
  • Approximately 84% Occupied
  • Newly Constructed, 4-Star Community
  • Off-Market Transaction
SOLD 2020
Lakeside
Carter Lake, IA
SOLD 2020

Price: Undisclosed

Total Spaces: 329

CAP Rate: Undisclosed

Overview:

IA License # B56367000

Investment Highlights:

  • 3.5-Star, All-Age Community
  • City Services
  • Pool & Clubhouse
  • 114 +/- Home Portfolio Included
Sold 2020
Confidential 2-Star Park
Denver, CO
Sold 2020

Price: $8,950,000

Total Spaces: 74

CAP Rate: 4.82%

Overview:

2-Star Community, All-Age

Investment Highlights:

  • 74 Spaces
  • 100% Occupied
  • City Utilities
  • No park Owned Homes
  • Desirable Location
  • $120,000/space
Sold 2020
Apple Tree Mobile Home Park
New Castle, CO
Sold 2020

Price: $22,720,000

Total Spaces: 295

CAP Rate: 3.97%

Overview:

3-Star, All-Age Community

Investment Highlights:

  • 295 Spaces
  • 100% Occupied
  • Private Utilities
  • 3-Star, Family Community
  • No Park Owned Homes
Sold 2020
Kings Crown Manufactured Home Community
Rifle, CO
Sold 2020

Price: $7,400,000

Total Spaces: 134

CAP Rate: 3%

Overview:

Off Market Transaction

Investment Highlights:

  • 3-Star, All-Age Community
  • City Utilities
  • No Park Owned Homes
  • Expansion Opportunity
Sold 2020
Confidential Community
Confidential
Sold 2020

Price: $33,000,000

Total Spaces: 500

CAP Rate: Confidential

Overview:

3-Star, All-Age Park

Investment Highlights:

  • 500 Spaces
  • Highly Occupied
  • City Services
SOLD 2020
Confidential Community
Phoenix, AZ
SOLD 2020

Price: $9,450,000

Total Spaces: 103

CAP Rate: 4.75%

Overview:

Investment Highlights:

  • All-Age Community
  • 4 POH (4 2019)
  • City Services
  • Master Gas
SOLD 2020
Confidential Community
Western Region
SOLD 2020

Price: $21,650,000

Total Spaces: 125

CAP Rate: Confidential

Overview:

Investment Highlights:

  • $173,200 per Space
  • 55+
  • 3.5 Star Community
  • No Park Owned Homes
  • City Utilities
Sold 2020
Palm Terrace 55+ Community
Sarasota, FL
Sold 2020

Price: Undisclosed

Total Spaces: 171

CAP Rate: Undisclosed

Overview:

Off Market - 171 Space, 55+ Community.
FL BOR Gary Tasman/Commercial SW FL

Investment Highlights:

  • 170 Spaces
  • 55+
  • 96% Occupied
  • City Utilities
  • Amenities Include Clubhouse, Swimming Pool, Billiards, Shuffleboard & Laundry Room.
Sold 2020
Snowflake & Bandera
San Antonio, TX
Sold 2020

Price: Confidential

Total Spaces: 56

CAP Rate: Confidential

Overview:

Investment Highlights:

  • 56 Spaces
  • 47 Park Owned Homes
  • City Utilities
  • Majority Double Wide Homes
Sold 2020
Terrace Park 55+ Community
Evans, CO
Sold 2020

Price: $11,500,000

Total Spaces: 120

CAP Rate: 3.26%

Overview:

Off-Market Transaction

Investment Highlights:

  • 119 Spaces
  • $96,638 / Per Space
  • 55+ Community
  • 100% Occupied
  • City Services
  • No Park Owned Homes
  • 3.5-Star Quality
SOLD 2020
Summit Ridge
Forsyth, MO
SOLD 2020

Price: Undisclosed

Total Spaces: 59

CAP Rate: Undisclosed

Overview:

2-Star Family Park Located 20 Minutes from Branson, MO.
Broker of Record
Thomas Realty Group, LLC
St. Charles, MO

Investment Highlights:

  • City Water & City Sewer
  • Average Rent of $270
  • Water/Sewer Billed Back
  • Trash Billed Back
SOLD 2020
Mountain View
Brigham City, UT
SOLD 2020

Price: Confidential

Total Spaces: 83

CAP Rate: Confiidential

Overview:

UT BOR License #5607915-PB00

Investment Highlights:

  • All-Age Community
  • City Services
  • 93% Occupancy
  • Avg Rent of $360
  • Utilities Sub Metered and Billed Back
SOLD 2020
Countryside Village
Great Falls, MT
SOLD 2020

Price: Undisclosed

Total Spaces: 226

CAP Rate: Undisclosed

Overview:

Montana Broker of Record
Richard Bird
MT#62939

Investment Highlights:

  • 3-Star All-Age Park
  • City Utilities
  • 95% Occupancy
  • 2 Park Owned Homes
  • Amenities Include Playground, Community Center, Fitness Center, and RV/Boat Storage.
SOLD 2020
Mountain Valley
Carbondale, CO
SOLD 2020

Price: $9,500,000

Total Spaces: 64

CAP Rate: 4.25%

Overview:

Off-Market Transaction

Investment Highlights:

  • 100% Occupancy
  • No Park Owned Homes
  • Well Water, City Sewer
  • All-Age Community
  • Median Home Price of over $560,000
  • Sold for $148,437 per Space
SOLD 2020
North Lamar MHC
Austin, TX
SOLD 2020

Price: Confidential

Total Spaces: 68

CAP Rate: Confidential

Overview:

68 Space, All-Age Community in Austin, TX

Investment Highlights:

  • 100% Occupied
  • No Park Owned Homes
  • City Water & City Sewer
Sold 2020
Maplewood Manufactured Home Community
Omaha, NE
Sold 2020

Price: Undisclosed

Total Spaces: 397

CAP Rate: Undisclosed

Overview:

Nebraska Broker
Cushman & Wakefield Lund Company
Michael P. Earl
450 Regency Parkway, Suite 200
Omaha, NE 68114

Investment Highlights:

  • 397 Spaces
  • All-Age
  • 93.7% Occupied
  • Current Owner Has Invested over $1M in Improving Park
  • Superb NW Omaha Location
Sold 2020
Confidential Community
East Coast
Sold 2020

Price: Confidential

Total Spaces: 124

CAP Rate: 5.2%

Overview:

Off Market Transaction

Investment Highlights:

  • 2 All-Age Communities
  • Desirable Location
  • 100% Occupied
  • City Services
  • Approx 10 POH
Sold 2020
Confidential Communities
Western Region
Sold 2020

Price: $5,600,000

Total Spaces: 144

CAP Rate: 5%

Overview:

Two All-Age Communities consisting of 144 spaces. Off-Market Transaction

Investment Highlights:

  • 144 Total Spaces
  • All-Age, 2-Star Quality
  • 84% Occupancy
  • City Services
Sold 2020
Pleasant Valley Manufactured Home Community
Oroville, CA
Sold 2020

Price: $4,000,000

Total Spaces: 80

CAP Rate: 6.55%

Overview:

Mueller & Hoffman Manufactured Housing, in collaboration with Andrew Whinery of Marcus & Millichap, is pleased to present Pleasant Valley and Sundown Manufactured Home Communities located in Oroville, CA.

Investment Highlights:

  • 6.55% Cap Rate
  • 80 Spaces
  • All-Age
  • 92.5% Occupancy
  • City Services
  • Non-Rent Control Market
SOLD 2020
Sundown Manufactured Home Community
Oroville, CA
SOLD 2020

Price: $4,300,000

Total Spaces: 82

CAP Rate: 6.50

Overview:

Mueller & Hoffman Manufactured Housing, in collaboration with Andrew Whinery of Marcus & Millichap, is pleased to present Pleasant Valley and Sundown Manufactured Home Communities located in Oroville, CA

Investment Highlights:

  • 6.50% Cap Rate
  • 82 Spaces
  • All-Age
  • 95% Occupancy
  • City Services
  • Non-Rent Control Market
Sold 2020
Confidential Community
Rocky Mountain Region
Sold 2020

Price: $3,500,000

Total Spaces: 55

CAP Rate: 4.5%

Overview:

Off Market Transaction

Investment Highlights:

  • All-Age Park
  • City Utilities
  • 8 Park Owned Homes
SOLD 2020
Applewood
Grand Junction, CO
SOLD 2020

Price: $5,500,000

Total Spaces: 99

CAP Rate: Call for Details

Overview:

Off-Market Transaction

Investment Highlights:

  • All Age Community
  • 99 Spaces
  • City Utilities
  • Sidewalks, Curb & Gutter
Sold 2020
Bella Vista Manufactured Home Community
Evans, CO
Sold 2020

Price: $5,000,000

Total Spaces: 52

CAP Rate: 5%

Overview:

Park Flooded During Historic Floods of 2013 and was completely rebuilt in 2017. Off-Market Transaction.

Investment Highlights:

  • 52 Spaces
  • $96,153/Space
  • City Services
  • No Park Owned Homes
  • Rebuilt in 2017/2018
  • Off Market Transaction
Sold 2020
Confidential Community
Rocky Mountain Region
Sold 2020

Price: $10,000,000

Total Spaces: 124

CAP Rate: 3.5%

Overview:

Off Market Transaction

Investment Highlights:

  • All Age Community
  • 99% Occupied
  • City Services
Sold 2019
Confidential Community
Western Region
Sold 2019

Price: $1,775,000

Total Spaces: 62

CAP Rate: Call For Details

Overview:

Off Market Transaction

Investment Highlights:

  • All Age Park in a Stable Market
  • No Park Owned Homes
  • Direct Billed Water & Sewer
Sold 2019
Brymar Manufactured Home Community
Loveland, CO
Sold 2019

Price: $12,000,000

Total Spaces: 108

CAP Rate: 4%

Overview:

Off Market Transaction

Investment Highlights:

  • $111,000 Per Space
  • Coveted Sub Market
  • 55+
  • City Utilities
  • No Park Owned Homes
  • Gated Entrance
Sold 2019
Confidential Community
Rocky Mountain Region
Sold 2019

Price: $17,250,000

Total Spaces: 242

CAP Rate: Confidential

Overview:

Off Market Transaction

Investment Highlights:

  • All Age Community
  • City Utilities
  • 98% Occupied
  • No Park Owned Homes
Sold 2019
Confidential Community
Western Region
Sold 2019

Price: $4,100,000

Total Spaces: 115

CAP Rate: 6%

Overview:

Listed Opportunity. Representing Buyer.

Investment Highlights:

  • All-Age Park
  • Direct Billed Utilities
  • 99% Occupied
  • No Park Owned Homes
  • Individually Platted Lots
Sold 2019
Confidential Community
Western Region
Sold 2019

Price: $17,000,000

Total Spaces: 135

CAP Rate: 4.4%

Overview:

Off Market Transaction

Investment Highlights:

  • 135 Spaces
  • 100% Occupied
  • City Utilities
  • All Tenant Owned Homes
  • Highly Desirable Sub Market
Sold 2019
Western Region Mobile Home Park
Western Region
Sold 2019

Price: $4,800,000

Total Spaces: 45

CAP Rate: 4.4%

Overview:

Off Market 55+ Community

Investment Highlights:

  • 45 Spaces
  • 55+ Community
  • City Utilities
  • No Park Owned Homes
SOLD 2019
Confidential Western Region MHC
Western Region
SOLD 2019

Price: $2,500,000

Total Spaces: 46

CAP Rate: 4.8%

Overview:

Off Market Transaction

Investment Highlights:

  • 46 Spaces
  • 91% Occupied
  • City Utilities
  • Rent Includes Water, Sewer & Trash
SOLD 2019
Confidential Mid West Community
Mid West Region
SOLD 2019

Price: $4,200,000

Total Spaces: 100

CAP Rate: 5.5%

Overview:

Off Market Transaction

Investment Highlights:

  • 100 Spaces
  • 46 Park Owned Homes
  • City Utilities
  • Average Rent of $300
  • 100% Occupied
SOLD 2019
Royal Coach
Houston, TX
SOLD 2019

Price: Confidential

Total Spaces: 194

CAP Rate: Confidential

Overview:

Widely Marketed Opportunity. Represente the Buyer.

Investment Highlights:

  • 194 Spaces
  • 98% Occupied
  • 2-Star, Family Community
  • Site Rent Includes Water, Sewer & Trash
  • Well Water & City Sewer
  • Direct Electric and Sub-Metered Gas
  • Majority Single Wide Homes
SOLD 2019
Confidential Mid West Community
Mid West Region
SOLD 2019

Price: $18,150,000

Total Spaces: 243

CAP Rate: 5%

Overview:

Off Market Transaction

Investment Highlights:

  • 243 Spaces
  • All-Age Community
  • City Utilities
SOLD 2019
Confidential Mid West Community
Mid West Region
SOLD 2019

Price: $5,850,000

Total Spaces: 139

CAP Rate: 5.7%

Overview:

Investment Highlights:

  • 139 Spaces
  • 93% Occupied
  • City Utilities
  • Off-Market Transaction
Sold 2019
Confidential Community
Eastern Region
Sold 2019

Price: $5,800,000

Total Spaces: 128

CAP Rate: Confidential

Overview:

Off Market Transaction

Investment Highlights:

  • 128 Spaces
  • 78% Occupied
  • 2-Star Community
  • City Utilities
  • Rent Includes Water, Sewer & Trash
SOLD 2019
Paradise Valley Mobile Home Park
Grand Junction, CO
SOLD 2019

Price: $13,800,000

Total Spaces: 254

CAP Rate: 5.05%

Overview:

254 Space, All-Age Community in Grand Junction, CO.

Investment Highlights:

  • 254 Spaces
  • 100% Occupied
  • No Park Owned Homes
  • City Utilities
SOLD 2019
Knollridge Mobile Home Park
Willmer, TX
SOLD 2019

Price: Confidential

Total Spaces: 110

CAP Rate: Confidential

Overview:

2 Star, All-Age community south of Dallas.

Investment Highlights:

  • 110 Spaces
  • 23 Park Owned Homes
  • City Utilities
SOLD 2019
Mobile Estates
Greeley, CO
SOLD 2019

Price: $3,800,000

Total Spaces: 92

CAP Rate: 5.66%

Overview:

92 Space, all-age community in Greeley, CO

Investment Highlights:

  • 92 Spaces
  • 100% Occupied
  • No Park Owned Homes
  • City Utilities
  • 2-Star Quality
SOLD 2019
Lincoln Mobile Home Park
Commerce City, CO
SOLD 2019

Price: $5,500,000

Total Spaces: 85

CAP Rate: 6.34%

Overview:

An All-Age Community located in Commerce City, CO

Investment Highlights:

  • 74 SW Sites
  • 11 Apartments/Motel Units
  • 3 Warehouse Storage Units
  • City Sewer and Well Water (Back Up City In Place)
  • High Historical Occupancy
  • In Place Average Rent of $550
SOLD 2019
Sunset View Mobile Home Park
Englewood, CO
SOLD 2019

Price: $2,000,000

Total Spaces: 32

CAP Rate: 5.91%

Overview:

2-Star Community located in Englewood, CO

Investment Highlights:

  • 31 MH Sites
  • 1 Stick Built Home
  • City Utilities
  • 100% Occupied
SOLD 2019
Westside Mobile Home Park
Rifle, CO
SOLD 2019

Price: $1,145,000

Total Spaces: 24

CAP Rate: 6.10%

Overview:

All-Age Park in Rifle, CO

Investment Highlights:

  • 24 SW Sites
  • 5 Apartments
  • 1 Single Family Residence
  • 100% Occupied
  • Avg Rent of $417
SOLD 2019
Rose Park Mobile Village
Grand Junction, CO
SOLD 2019

Price: $5,000,000

Total Spaces: 113

CAP Rate: 5.34%

Overview:

Well located, 2 Star Park in Grand Junction, Colorado

Investment Highlights:

  • 87 Mobile Home Sites
  • 26 Long Term RV Sites
  • 100% Occupied
  • No Park Owned Homes
  • City Utilities
Sold 2019
Confidential Mid West Community
Mid West Region
Sold 2019

Price: $8,750,000

Total Spaces: 150

CAP Rate: 5%

Overview:

55+ Community

Investment Highlights:

  • 150 Space, 55+ Community
  • 96% Occupied
  • City Utilities
  • No Park Owned Homes
SOLD 2019
Weatherly Estates
Carksville, TN
SOLD 2019

Price: Undisclosed

Total Spaces: 132

CAP Rate: Undisclosed

Overview:

Off-Market, 132 Space Park Located in Clarksville, TN

Investment Highlights:

  • All-Age Community
  • Approximately 75% Occupied
  • 12 Park Owned Homes
SOLD 2019
Confidential 4 Star Community
Western Region
SOLD 2019

Price: $61,000,000

Total Spaces: 500

CAP Rate: Call For Details

Overview:

Off-Market, 4-Star, Institutional Quality Asset

Investment Highlights:

  • 4 Star Manufactured Home Community
  • Desirable Location
  • City Utilities
  • 500+ Spaces
  • No Park Owned Homes
SOLD 2019
Aspen/Basalt Mobile Home Park
Basalt, Colorado
SOLD 2019

Price: $11,200,000

Total Spaces: 75

CAP Rate: Call for Details

Overview:

75 Space, All-Age Mobile Home Park Located 20 Miles From Aspen, Colorado.

Investment Highlights:

  • 75 Space, All-Age Community
  • $149,333 Per Space
  • Highly Desirable Roaring Fork Valley Location (20 Minutes to Aspen)
  • Average Lot Rents $750 at Time of Closing
  • Well Water & City Sewer
SOLD 2019
Castle Rock Manufactured Home Community
Castle Rock, CO
SOLD 2019

Price: $8,880,000

Total Spaces: 74

CAP Rate: 4.6%

Overview:

Off-Market All-Age Community

Investment Highlights:

  • All-Age Community
  • 100% Occupancy
  • No Park Owned Homes
  • Douglas County Colorado
  • City Utilities
SOLD 2018
Green Acres 55+ Community
Aurora, CO
SOLD 2018

Price: $21,000,000

Total Spaces: 209

CAP Rate: Call for Details

Overview:

Off Market 55+ Community

Investment Highlights:

  • 100% Occupied at Time of Closing
  • $655 Average Rent
  • City Sewer, Well Water
SOLD 2018
Glenbrook Mobile Estates
Loomis, CA
SOLD 2018

Price: Undisclosed

Total Spaces: 101

CAP Rate: Undisclosed

Overview:

Off-Market 55+ Community Located 3 miles from Granite Bay. Sold in cooperation with CalBRE#01172237

Investment Highlights:

  • 101 Space, 55+ Community
  • Amenities Include a Clubhouse, Swimming Pool and Outdoor BBQ
SOLD 2018
Alpine Vista Village
Loveland, CO
SOLD 2018

Price: $13,500,000

Total Spaces: 123

CAP Rate: 4.5%

Overview:

Mueller & Hoffman negotiated the off-market transaction on behalf of the Buyer and Seller. Buyer assumed an existing $5,800,000 loan.

Investment Highlights:

  • 123 Spaces
  • 100% Occupancy
  • City Utilities
  • No Park Owned Homes
  • Major Metro
SOLD 2018
Montecito Mobile Home Estates 55+
Tempe, AZ
SOLD 2018

Price: Call for Details

Total Spaces: 153

CAP Rate: Call for Details

Overview:

Mueller & Hoffman Manufactured Housing announces the sale of Montecito Mobile Home Estates located in Tempe, Arizona for an undisclosed price. Mueller & Hoffman negotiated the off-market transaction on behalf of the Buyer and Seller.

Investment Highlights:

  • 153 Spaces
  • 55+ Community
  • City Utilities
  • Amenities Include clubhouse, pool, shuffleboard, laundry room billiards and rv storage.
  • Value-Add Opportunity
  • Price Included a Portfolio of Park Owned Homes
SOLD 2018
Confidential Community
South East Region
SOLD 2018

Price: $11,000,000

Total Spaces: 239

CAP Rate: 6%

Overview:

2 All-Age communities totaling 239 Spaces

Investment Highlights:

  • 239 Spaces
  • 92% Occupied
  • City Utilities
  • All-Age
  • 2-Star Quality
SOLD 2018
Confidential Community
Western Region
SOLD 2018

Price: $1,350,000

Total Spaces: 62

CAP Rate: 8%

Overview:

2-Star, Family Park

Investment Highlights:

  • 62 Spaces
  • City Utilities
  • No Park Owned Homes
  • 95% Occupied
  • Below Market Rents
SOLD 2018
Confidential Community
Western Region
SOLD 2018

Price: $3,850,000

Total Spaces: 93

CAP Rate: 6.5%

Overview:

2 Star Park in Strong Western Sub-Market

Investment Highlights:

  • 93 Spaces
  • 100% Occupied
  • City Utilities
  • 6.5% Cap
Sold 2018
Mountain Valley Mobile Home Park
Carbondale, Colorado
Sold 2018

Price: $5,250,000

Total Spaces: 64

CAP Rate: 4.38%

Overview:

2-Star, All-Age Community Located in Colorado's Roaring Fork Valley.

Investment Highlights:

  • 64 Space, All Age Community in Carbondale, Colorado
  • Ideally Located 29 Miles from Aspen & 13 Miles from Glenwood Springs
  • City Sewer, Well Water
  • No Park Owned Homes
SOLD 2018
San Souci Mobile Home Park
Boulder, CO
SOLD 2018

Price: $3,850,000

Total Spaces: 62

CAP Rate: 5.03%

Overview:

62 Space Mobile Home Park in Boulder, Colorado

Investment Highlights:

  • 62 Space, All-Age Community
  • Located in Boulder, Colorado
  • Private Sewer
  • Well Water
  • 100% Occupancy
  • No Park Owned Homes
SOLD 2018
Confidential Community
South East Region
SOLD 2018

Price: $5,200,000

Total Spaces: 209

CAP Rate: 6%

Overview:

209 Space, 55+ Community

Investment Highlights:

  • 209 Space, 55+ Community
  • City Services
  • No Park Owned Homes
  • Clubhouse and Amenity Package
  • 100% Occupancy
SOLD 2018
Falfa Mobile Home Park
Durango, Colorado
SOLD 2018

Price: $825,000

Total Spaces: 16

CAP Rate: 9%

Overview:

16 Space Community in Durango, CO

Investment Highlights:

  • 16 Spaces
  • Private Well, City Sewer
  • 100% Occupied
SOLD 2018
H Lazy Portfolio (Aspen Valley)
Glenwood Springs & Carbondale, CO
SOLD 2018

Price: $26,500,000

Total Spaces: 292

CAP Rate: 4.5%

Overview:

137 storage units, 97 mobile home sites, and 58 apartments units.

Investment Highlights:

  • 97 Space Mobile Home Park
  • 137 Self-Storage Units
  • 58 Apartment Units
SOLD 2018
Terrace Estates & Meadow Village
Craig, CO & Hayden, CO
SOLD 2018

Price: $3,635,000

Total Spaces: 94

CAP Rate: 6.6%

Overview:

2-Park, Off-Market Portfolio in Colorado

Investment Highlights:

  • 94 Combined Spaces
  • No Park Owned Homes
  • 2-Star Quality
  • Terrace Estates Located in  Craig, CO
  • Meadow Village, Located in Hayden (30 Min to Steamboat), CO
SOLD 2018
North Pines
Houston, TX
SOLD 2018

Price: Confidential

Total Spaces: 183

CAP Rate: Confidential

Overview:

3-Star Community in Houston, Texas

Investment Highlights:

  • 183 Sites
  • Storage Units Included
  • Amenities Include Pool, Office and Laundry Room.
SOLD 2018
Confidential Community
Western Region
SOLD 2018

Price: $8,300,000

Total Spaces: 117

CAP Rate: 4.5%

Overview:

117 Space, Off Market Community

Investment Highlights:

  • 100% Occupied
  • City Utilities
  • All Tenant Owned Homes
SOLD 2018
Confidential Community
Midwest Region
SOLD 2018

Price: $3,200,000

Total Spaces: 244

CAP Rate: 6.4%

Overview:

Value-Add Community in the Midwest

Investment Highlights:

  • 244 Spaces
  • 53% Occupied
  • City Utilities
SOLD 2018
Confidential Community
Midwest Region
SOLD 2018

Price: $2,600,000

Total Spaces: 100

CAP Rate: 7%

Overview:

Off-Market Park in the Midwest

Investment Highlights:

  • 100 Spaces
  • 86% Occupancy
  • City Services
SOLD 2018
Confidential Community
Western Region
SOLD 2018

Price: $6,100,000

Total Spaces: 113

CAP Rate: Confidential

Overview:

Off-Market Transaction in a Major Metro Area

Investment Highlights:

  • Highly Occupied, 2-Star Community in an Infill Location
SOLD 2018
Confidential 3-Star Community
Western Region
SOLD 2018

Price: $7,500,000

Total Spaces: 153

CAP Rate: 7.31%

Overview:

Investment Highlights:

  • 153 Space All-Age Community in Gillette, Wyoming
  • 97% Occupied
  • Developed in 2001
  • Under Market Rent
  • All Tenant Owned Homes
  •  7.31% CAP Rate
  • City Water and Sewer
  • Average Rent is $425, Includes Water, Sewer and Trash
  •  On-Site Community Manager
SOLD 2018
White Oak Portfolio
White Oak, Texas
SOLD 2018

Price: Confidential

Total Spaces: 200

CAP Rate: Call for Details

Overview:

Off-Market Portfolio in White Oak, Texas.

Investment Highlights:

SOLD 2018
Picture Ranch
Clifton, Colorado
SOLD 2018

Price: Call for Details

Total Spaces: 114

CAP Rate: 5.6%

Overview:

3-Star Senior Community Located in Colorado.

Investment Highlights:

  • 55+ Manufactured Home Community
  • 114 Spaces, 96% Occupied
  • Serviced by City Water and City Sewer
  • No Park Owned Homes
SOLD 2018
Tranquility Village
Alvin, Texas
SOLD 2018

Price: Call For Details

Total Spaces: 143

CAP Rate: Call For Details

Overview:

3-Star Park Located in Alvin, TX

Investment Highlights:

  • 143 Spaces
  • 3-Star Community
  • 95% Occupied
  • Amenities Include Pool, Clubhouse and Playground
SOLD 2018
Confidential Community
Midwest Region
SOLD 2018

Price: $15,300,000

Total Spaces: 330

CAP Rate: Call for Details

Overview:

Investment Highlights:

  • 330 Spaces
  • City Services
  • 3-Star Community
  • Clubhouse & Pool
  • Off-Market Transaction
SOLD 2018
Confidential Community
Midwest Region
SOLD 2018

Price: $7,500,000

Total Spaces: 450

CAP Rate: Call for Details

Overview:

Off Market, Value-Add Community

Investment Highlights:

  • 450 Spaces, 50% Occupied
  • City Services
  • 2-Star
  • All-Age
  • Off-Market Transaction
SOLD 2018
Confidential Community
Midwest Region
SOLD 2018

Price: $20,000,000

Total Spaces: 530

CAP Rate:

Overview:

Investment Highlights:

  • 3-Star Community
  • All-Age
  • 89% Occupancy
  • City Water & City Sewer
SOLD 2018
Confidential Community
Midwest Region
SOLD 2018

Price: $5,400,000

Total Spaces: 220

CAP Rate:

Overview:

Off-Market, 2-Star Community

Investment Highlights:

  • 220 Spaces
  • All-Age
  • 50% Occupied
  • City Water & City Sewer
SOLD 2018
Confidential MHC Community
Western Region
SOLD 2018

Price: Call for Details

Total Spaces: 91

CAP Rate: Call for Details

Overview:

Off Market, 2-Star Community

Investment Highlights:

  • 91 Spaces
  • 97% Occupied
  • 2-Star, All-Age
  • City Water & City Sewer
SOLD 2018
Stillwater MHC Portfolio
Stillwater, Oklahoma
SOLD 2018

Price: Request for Offer

Total Spaces: 600

CAP Rate: Request for Offer

Overview:

The Stillwater MHC Portfolio, is comprised of Crestview Mobile Home Park, Countryside Mobile Home Park, Eastern Villa Mobile Home Park, and Oak Ridge (together the “Portfolio”) totaling 600 spaces in Stillwater, Oklahoma.

Investment Highlights:

  • Value-Add Mobile Home Park Portfolio in Stillwater, Oklahoma
    48.5% Occupancy
  • Each Property is Serviced by City Water and City Sewer
  • Average Rent of $303 Per Month – No Services Included in Rent
  • Park NOI of $743,437 – No Rental Home Income or Expenses Used
  • 209 Total Park-Owned-Homes Renting on Average for $320 Per Month (in Addition to Lot Rent) /
  • Average Age of Park-Owned-Homes is 2007
SOLD 2018
Confidential Community
Midwest Region
SOLD 2018

Price: $2,600,000

Total Spaces: 70

CAP Rate: 7.25%

Overview:

2-Star, All Age Community.

Investment Highlights:

SOLD 2017
Confidential Community
Midwest Region
SOLD 2017

Price: $7,000,000

Total Spaces: 200

CAP Rate: 6.5%

Overview:

200 Space, All-Age Community Located in a Stable Mid-West Market.

Investment Highlights:

  • 200 Spaces
  • All-Age
  • 95% Occupied
  • Off-Market Transaction
SOLD 2017
Golden Coach 55+ Community
Apple Valley, CA
SOLD 2017

Price: $3,410,000

Total Spaces: 78

CAP Rate: 5.30%

Overview:

78 Space, 55+ Community Located in Apple Valley, CA. Off-Market Transaction.

Investment Highlights:

  • 78 Spaces
  • 55+
  • Located in Apple Valley, CA
SOLD 2017
Confidential Community
Midwest Region
SOLD 2017

Price: $950,000

Total Spaces: 70

CAP Rate: 6.80%

Overview:

Investment Highlights:

SOLD 2017
Confidential Community
Midwest Region
SOLD 2017

Price: $3,750,000

Total Spaces: 76

CAP Rate: 6%

Overview:

Off-Market Transaction

Investment Highlights:

SOLD 2017
Confidential Community
Rocky Mountain Region
SOLD 2017

Price: $5,400,000

Total Spaces: 119

CAP Rate: 6.45%

Overview:

Investment Highlights:

  • 2-Star, All-age Community
  • 119 Spaces
  • 6.45% Cap
  • Off-Market Transaction
SOLD 2017
Albuquerque Meadows
Albuquerque, New Mexico
SOLD 2017

Price: Please Call

Total Spaces: 430

CAP Rate: Please Call

Overview:

A 4-Star, 55+ Manufactured Home Community Located in Albuquerque, New Mexico.

In cooperation with NM Lic# 9616

Investment Highlights:

  • 430 Spaces
  • 4-Star, 55+
  • City Water & City Sewer
  • 95% Occupancy
  • Amenities Include Gated Entrance, Clubhouse, and Swimming Pool
SOLD 2017
Glenn Heights Mobile Home Park
Glenn Heights, Texas
SOLD 2017

Price: Please Call for Details

Total Spaces: 378

CAP Rate: Please Call for Details

Overview:

378 Space, All-Age Community Located in Glenn Heights, Texas

Investment Highlights:

  • 378 Spaces
  • Built in 1982
  • All Utilities Direct Billed to Tenants
  • Affordable Living only 19 Minutes from Downtown Dallas
  • 91% Occupied
  • Sale Included Approximately 96 +/- Park Owned Homes
  • Off-Market Transaction
SOLD 2017
Confidential Community
Western Region
SOLD 2017

Price: $13,000,000

Total Spaces: 120

CAP Rate: 4.9%

Overview:

120 Space Community in the Western Region.

Investment Highlights:

  • Call for Details
SOLD 2017
Live Oak & Silent Valley
Lockhart, TX
SOLD 2017

Price: Confidential

Total Spaces: 234

CAP Rate: Confidential

Overview:

Two Park Portfolio in Lockhart, Texas

Investment Highlights:

  • Silent Valley – 190 Spaces
  • Live Oak – 44 Spaces
  • Off-Market
SOLD 2017
Friendly Village
Arlington, TX
SOLD 2017

Price: Confidential

Total Spaces: 251

CAP Rate: Confidential

Overview:

251 Space All Age Community Located in Arlington, Texas.

Investment Highlights:

  • 251 Space, All-Age Community Located in Arlington, TX
  • 3-Star Quality
  • City Water and City Sewer
  • High Occupancy
  • 38.70 Acres
  • Amenities Include Pool, Playground and RV Storage
  • Off-Market Transaction
SOLD 2017
Sleepy Valley Mobile Home & RV Park
Colorado Springs, CO
SOLD 2017

Price: $4,850,000

Total Spaces: 103

CAP Rate: 6.9%

Overview:

A 2-Star, 103 Space Community Located in Colorado Springs, Colorado.

Investment Highlights:

  • 85 Mobile Home Sites
  • 17 RV Sites
  • Large Manager Office/Home
  • Serviced by City Water and City Sewer
  • Off-Market Transaction
SOLD 2017
Confidential Community
Rocky Mountain Region
SOLD 2017

Price: $13,500,000

Total Spaces: 159

CAP Rate: 3.7%

Overview:

A 55+ Community Located in the Rocky Mountain Region.

Investment Highlights:

  • Call for Details
SOLD 2017
Confidential Community
Southwest Region
SOLD 2017

Price: $1,795,000

Total Spaces: 59

CAP Rate: 9.2%

Overview:

59-Space Community Located in the Southwest Region.

Investment Highlights:

  • Call for Details
SOLD 2017
Wichita Mobile Home Park
Pasadena, TX
SOLD 2017

Price: Confidential

Total Spaces: 48

CAP Rate: Confidential

Overview:

48 Space, All-Age Community Located in Pasadena, Texas.

Investment Highlights:

SOLD 2017
Advance Mobile Home Park
Commerce City, CO
SOLD 2017

Price: $4,650,000

Total Spaces: 74

CAP Rate: 5.4%

Overview:

A 74 Space, All-Age Community Located in Commerce City, CO.

Investment Highlights:

  • 74 Spaces
  • 100% Occupied
  • No Park Owned Homes
  • City Water & City Sewer
  • Avg Rents $480
SOLD 2017
Confidential Community
Midwest Region
SOLD 2017

Price: 23,000,000

Total Spaces: 400

CAP Rate: 5.5%

Overview:

A 400 space community located in the Midwest Region.

Investment Highlights:

  • Call for Details
SOLD 2017
St. Vrain Village
Longmont, Colorado
SOLD 2017

Price: $11,500,000

Total Spaces: 136

CAP Rate: 5%

Overview:

A 136 Space Family Community Located in Longmont, Colorado.

Investment Highlights:

  • Off Market Transaction
  • 3-Star Quality, All-Age Park
  • 100% Occupied
  • City Utilities
  • Located in highly desirable Boulder County
SOLD 2017
Central Mobile Home Park
Cañon City, Colorado
SOLD 2017

Price: $1,000,000

Total Spaces: 39

CAP Rate: 7%

Overview:

A 39 Space, all-age community located in Cañon City, Colorado.

Investment Highlights:

  • All-age Community in Cañon City, Colorado
  • 93% Occupied
  • No Parked Owned Homes
  • City Water & City Sewer
SOLD 2017
Confidential Community
Southwest Region
SOLD 2017

Price: $7,700,000

Total Spaces: 200

CAP Rate:

Overview:

Confidential 200 Space Community.

Investment Highlights:

SOLD 2017
Riverside Mobile Home Park
Watertown, MN
SOLD 2017

Price: Confidential

Total Spaces: 144

CAP Rate: Confidential

Overview:

Investment Highlights:

  • 90% Occupied at Time of Sale
  • Average Rent of $320
  • City Utilities
SOLD 2017
Eastman Villa
Longview, TX
SOLD 2017

Price: Confidential

Total Spaces: 60

CAP Rate: 10% Cap

Overview:

1-Star Community in Longview, TX.

Investment Highlights:

  • Call for Details
SOLD 2017
The Willows
Camp Verde, AZ
SOLD 2017

Price: $4,760,000

Total Spaces: 98

CAP Rate: 5.78%

Overview:

A 98 Space 55+ Manufactured Home Community Located in Camp Verde, AZ

Investment Highlights:

  • 98 Space Senior (55+) Community
  • Amenities Include Clubhouse, Indoor Spa, Tennis, Putting Green and RV Storage
  • Water Direct Billed to Tenants from Water Provider
  • Upside In Filling 7 Vacant Lots and Possible Expansion of 12 Additional Homesites
SOLD 2017
Confidential Community
Southwest Region
SOLD 2017

Price: $10,750,000

Total Spaces: 430

CAP Rate: 7%

Overview:

A 430 space all-age community, located in the Southwest Region.

Investment Highlights:

  • Call for Details
SOLD 2017
Confidential Community
Rocky Mountain Region
SOLD 2017

Price: $10,500,000

Total Spaces: 200

CAP Rate: 3%

Overview:

A value-add 200 space all-age community, located in the Rocky Mountain Region.

Investment Highlights:

  • Call for Details
SOLD 2017
Confidential Community
Rocky Mountain Region
SOLD 2017

Price: $13,500,000

Total Spaces: 201

CAP Rate: 3.5%

Overview:

A 201 space 55+ community, located in the Rocky Mountain Region.

Investment Highlights:

  • Call for Details
SOLD 2017
Apple & Cherry Ridge Manufactured Home Community
Loveland, Colorado
SOLD 2017

Price: $15,000,000

Total Spaces: 200

CAP Rate: 4.5%

Overview:

Off-Market Transaction in Colorado

Investment Highlights:

  • 3 Star Park in Loveland, Colorado
SOLD 2016
Montecito Mobile Home Estates
Tempe, AZ
SOLD 2016

Price: $9,600,000

Total Spaces: 153

CAP Rate: 5.6

Overview:

153 Space Senior Community in Tempe, AZ

Investment Highlights:

  • Off Market Transaction
  • Value-Add Community in Tempe, AZ
  • 55+ Community
  • 153 Spaces
  • Located near University & 101
  • 79% Occupied at Time of Sale
SOLD 2016
Sunflower Active Adult Community
Colorado
SOLD 2016

Price: $16,250,000

Total Spaces: 190

CAP Rate: 4.3%

Overview:

5-Star Community Located in Colorado.

Investment Highlights:

  • 5-Star Quality
  • Gated Community
  • 100% Occupied
  • Arguably the Nicest Manufactured Home Community in the Entire State of Colorado
SOLD 2016
Gulf Breeze Mobile Home Community
Brownsville, Texas
SOLD 2016

Price: Confidential

Total Spaces: 138

CAP Rate: 7.3

Overview:

138 space, age-restricted (55+) community located in Brownsville, Texas.

Investment Highlights:

  • 138 Space, 55+ Manufactured Home Community
  • Upside in Filling 25 Vacant Lots
  • Average Rent is $304; Includes Water, Sewer and Trash
  • 15 Homes Must Be Negotiated and Sold with the Park
  • Amenities Include Gated Entrance, Swimming Pool, Shuffle Board, and Water Feature
  • Serviced by City Water and City Sewer
SOLD 2016
Glascow Trails Manufactured Home Community
Tyler, Texas
SOLD 2016

Price: Confidential

Total Spaces: 150

CAP Rate: 7

Overview:

150 space manufactured home community, located in Tyler, Texas.

Investment Highlights:

  • Contact for Details
SOLD 2016
Confidential Colorado Mobile Home Park
Colorado
SOLD 2016

Price: $22,350,000

Total Spaces: 431

CAP Rate: 5.25%

Overview:

431 space all-age community, located in a county seat in Colorado.

Investment Highlights:

  • 96% Occupied
  • No Park Owned Homes
  • City Water and City Sewer
SOLD 2016
Phoenix Community
Phoenix MSA, Arizona
SOLD 2016

Price: $17,832,400

Total Spaces: 303

CAP Rate: 5.5

Overview:

Sold as part of a 650 space portfolio, located in the Phoenix Metro Area.

Investment Highlights:

  • Institutional Quality Community
  • Call for Details
SOLD 2016
La Coste Village Mobile Home Community
La Coste, Texas
SOLD 2016

Price: Confidential

Total Spaces: 84

CAP Rate: 6.5

Overview:

Off-market transaction.

Investment Highlights:

  • Call for details
SOLD 2016
Pecan Village Mobile Home Community
Nolanville, Texas
SOLD 2016

Price: Confidential

Total Spaces:

CAP Rate:

Overview:

Value-add, all-age community, located in Nolanville, Texas.

Investment Highlights:

  • Upside in Filling Vacant Lots
  • All Direct Billed Utilities to Tenants
  • Amenities Include Central Office, Pool and Hot Tub
SOLD 2016
Saint Vrain Village Mobile Home Community
Longmont, Colorado
SOLD 2016

Price: $9,500,000

Total Spaces: 136

CAP Rate: 5.5%

Overview:

Off-market transaction located in Boulder County, Colorado.

Investment Highlights:

  • Call for details.
SOLD 2016
Confidential Great Plains Community
Great Plains Region
SOLD 2016

Price: $1,800,000

Total Spaces: 80

CAP Rate: 7

Overview:

80 space, all-age community, located in a growing community in the Great Plains region.

Investment Highlights:

  • Confidential, Off-Market
  • Call For Details
SOLD 2016
Denver Metro, 55+ Community
Denver MSA, Colorado
SOLD 2016

Price: $7,400,000

Total Spaces: 92

CAP Rate: 5%

Overview:

3.5 star, 55+ community located in Denver Metro, Colorado.

Investment Highlights:

  • Confidential, Off-Market
SOLD 2016
Confidential 55+ Community
Colorado
SOLD 2016

Price: $17,700,000

Total Spaces: 165

CAP Rate: 4.3%

Overview:

4-Star, 55+ community located in Colorado.

Investment Highlights:

  • Record Breaking Sale Price for Region ($107,272 Per Space)
  • Confidential, Off-Market
  • Call for Details
SOLD 2016
Confidential Manufactured Home Community
Austin, Texas
SOLD 2016

Price: Confidential

Total Spaces: 149

CAP Rate: Confidential

Overview:

149 space, all age community located in Austin, Texas.

Investment Highlights:

  • Contact for more details
SOLD 2016
Lamplighter Mobile Home Community
San Marcos, Texas
SOLD 2016

Price: Confidential

Total Spaces: 30

CAP Rate: 9

Overview:

Off-market transaction.

Investment Highlights:

  • Call for details.
SOLD 2016
Confidential Manufactured Home Community Portfolio
Major Metropolitan Area within Texas
SOLD 2016

Price: Confidential

Total Spaces: 250

CAP Rate: 7

Overview:

Two park, 250 combined space portfolio located in a major metropolitan area of Texas.

Investment Highlights:

  • Contact for details
SOLD 2016
Donahue Elite Mobile Home Park
New Braunfels, Texas
SOLD 2016

Price: Confidential

Total Spaces: 50

CAP Rate: 5.5

Overview:

50 space mobile home community located in New Braunfels, Texas.

Investment Highlights:

  • Call for details
SOLD 2016
Dallas Metro Area Mobile Home Community
Dallas MSA, Texas
SOLD 2016

Price: Confidential

Total Spaces: 124

CAP Rate: 6.9

Overview:

124 space manufactured home community, located in the Dallas metro area, Texas.

Investment Highlights:

  • Contact for details
SOLD 2016
Pioneer Village
Denver, Colorado
SOLD 2016

Price: $7,350,000

Total Spaces: 113

CAP Rate: 5.6%

Overview:

2.5-Star, 113 space, all-age community located in Denver, Colorado.

Investment Highlights:

  • 112 Mobile Home Sites
  • One Apartment
  • 98% Occupied, Two Vacant Lots
  • No Park Owned Homes
  • City Water and City Sewer
  • Pro-Forma 8% CAP Rate
  • Value-Add Opportunity
SOLD 2016
Anderson Mobile Home Park
West Salem, Wisconsin
SOLD 2016

Price: Confidential

Total Spaces: 267

CAP Rate: 7.5%

Overview:

Call for details.

Investment Highlights:

  • Off-Market Transaction
SOLD 2016
Country Mobile Home Park
Monte Vista, Colorado
SOLD 2016

Price: $1,045,000

Total Spaces: 77

CAP Rate: 10.4

Overview:

77 space mobile home and RV park located in Monte Vista, Colorado.

Investment Highlights:

  • 58 Mobile Home Sites, 19 RV Sites
  • 10.4% CAP Rate
  • $15,584 per Space
  • City Water and City Sewer
  • Average Rent is $270 and Includes Trash Service
  • 7 Mobile Homes Included in Asking Price
SOLD 2016
Northbrook Villas Mobile Home Park
Montrose, Colorado
SOLD 2016

Price: $7,600,000

Total Spaces: 346

CAP Rate: 7.0

Overview:

3-Star all-age community located in Montrose, Colorado.

Investment Highlights:

  • Significant Upside Through Home Infill
  • Off-Market Transaction
  • Call for Details
SOLD 2016
Shady Lane Mobile Home Community
Seguin, Texas
SOLD 2016

Price: Confidential

Total Spaces: 51

CAP Rate: 8.0

Overview:

51 space, all-age mobile home community located in Seguin, Texas.

Investment Highlights:

  • Call for details
Sold 2016
Terrace Estates
Craig, Colorado
Sold 2016

Price: $725,000

Total Spaces: 30

CAP Rate: 9.0%

Overview:

2-star all age community located in Craig, Colorado.

Investment Highlights:

  • 30 Spaces, 100% Occupied
  • No Park Owned Homes
  • Experienced, On-Site Manager
  • City Water and City Sewer
  • Attractive Yield at Asking Price
  • Rents Range from $285 to $315 and Include Trash Service
Sold 2016
Phoenix Community
Phoenix MSA, Arizona
Sold 2016

Price: Confidential

Total Spaces: 152

CAP Rate: 5.5

Overview:

Sold as part of a portfolio, located in the Phoenix Metro Area.

Investment Highlights:

  • Institutional Quality Community
  • Call for Details
Sold 2016
Phoenix Community
Phoenix MSA, Arizona
Sold 2016

Price: Confidential

Total Spaces: 201

CAP Rate: 5.5

Overview:

Sold as part of a portfolio, located in the Phoenix Metro Area.

Investment Highlights:

  • Institutional Quality Community
  • Call for Details
Sold 2016
Royal Estates
Hurst, Texas
Sold 2016

Price: Confidential

Total Spaces: 77

CAP Rate: 6.25

Overview:

3-Star, all-age community located in Hurst, Texas.

Investment Highlights:

  • Upscale Metroplex Location
  • 75 Spaces
  • 99% Occupied
  • No Park Owned Homes
  • Current Rent Levels Well Below Market
  • City Water and City Sewer
  • Purchased from Original Developer / Owner Family
SOLD 2017
Summerville Manufactured Home Community
Lumberton, Texas
SOLD 2017

Price: Confidential

Total Spaces: 162

CAP Rate: 6

Overview:

162 space manufactured home community, located in Lumberton, Texas.

Investment Highlights:

  • Contact for Details
Sold 2015
La Grange, Texas Portfolio
La Grange, Texas
Sold 2015

Price: Confidential

Total Spaces: 142

CAP Rate: 7.5%

Overview:

Two property portfolio, located in LaGrange, Texas.

Investment Highlights:

  • Two Community Portfolio Located In La Grange, Texas
  • 98% Occupied
  • All Direct Billed Utilities
  • La Grange is Located Halfway Between Austin and Houston, Texas
  • No Park Owned Homes
Sold 2015
Highland Mobile Home Park
Bayfield, Colorado
Sold 2015

Price: $1,900,000

Total Spaces: 37

CAP Rate: 7.5

Overview:

37 space mobile home park, located in Bayfield, Colorado.

Investment Highlights:

  • Durango, Colorado MSA – Town of Bayfield
  • 37 Space Park, 100% Occupied
  • City Water and City Sewer
  • No Park Owned Homes
  • Average Rent is $450; Water is Sub-Metered and Billed Back to Tenants
  • 25 Minutes From Durango
  • Strong Demand for Affordable Housing
Sold 2015
Meadowcrest Mobile Home Community
Georgetown, Texas
Sold 2015

Price: Confidential

Total Spaces: 162

CAP Rate: 6.35

Overview:

162 space, all-age community located in Georgetown, Texas.

Investment Highlights:

  • Off Market Transaction, Call for Details.
Sold 2015
The Meadows Manufactured Home Community
La Junta, Colorado
Sold 2015

Price: $2,650,000

Total Spaces: 100

CAP Rate: 9%

Overview:

100 space all-age community located in the farming and ranching town of La Junta, Colorado.

Investment Highlights:

  • 100 Space Manufactured Home Community in La Junta, Colorado
  • All Utilities Direct Billed to Tenants
  • Major Farming and Ranching Hub of Southeastern Colorado
  • Strong Collection History
  • Sites Can Accommodate New Single-Wide Homes
  • 60 Miles East of Pueblo
  • Historically Low Expense Ratio
Sold 2015
Summerville Mobile Home Community
Lumberton, Texas
Sold 2015

Price: Confidential

Total Spaces: 164

CAP Rate: 7.25

Overview:

164 space, all-age community located in Lumberton, Texas.

Investment Highlights:

  • Call for Details
Sold 2015
Palm Desert Manufactured Home Community
El Paso, Texas
Sold 2015

Price: Confidential

Total Spaces: 202

CAP Rate: Call for Details

Overview:

202 space manufactured home community located in El Paso, Texas.

Investment Highlights:

  • 3-Star, Subdivided El Paso Community
  • Developed in +/- 1995
  • All Utilities Direct Billed to Tenant
  • Estate Sale, Offered Free and Clear of Debt
  • Diversified Income Stream
  • Multiple Ways to Realize Upside Potential
  • Marketed Unpriced
Sold 2015
Tucson Portfolio
Tucson, Arizona
Sold 2015

Price: Confidential

Total Spaces: 472

CAP Rate: Call for Details

Overview:

472 space, all-age portfolio located in Tucson, Arizona.

Investment Highlights:

  • Two Community Portfolio Located in Tucson, Arizona
  • 472 Total Sites (Diamond Grove- 153; Continental West- 319)
  • 3-Star Quality
  • Diamond Grove- Private Well (With In-Place Municipal Backup) and Municipal Sewer
  • Continental West- Municipal Water and Sewer
  • New Water Lines at Continental West
Sold 2015
Chancellor’s Mobile Home Park
Fountain, Colorado
Sold 2015

Price: $5,100,000

Total Spaces: 121

CAP Rate: 7.0

Overview:

2-Star, all-age community located in the Colorado Springs MSA, Colorado.

Investment Highlights:

  • 7.0% CAP Rate for the Park (No Rental Income Used in CAP Rate Calculation)
  • 40 Homes were Negotiated and Sold with the Park (18 of which are 2014 and Newer)
  • Upside in Filling 19 Vacant Lots
  • Average Rent is $410; Water and Sewer are Sub-Metered and Billed Back
  • Colorado Springs MSA – Town of Fountain, Colorado
Sold 2015
Monument Creek Mobile Home Park
Colorado Springs, Colorado
Sold 2015

Price: Confidential

Total Spaces: 137

CAP Rate: 5.5

Overview:

Sold as an off-market portfolio with Canyon Ridge, for a total of 387 spaces.

Investment Highlights:

  • 99% Physical Occupancy
  • 3.5-Star Quality
  • All-Age
  • City Water and City Sewer
  • Amenities Include River Access to Monument Creek and Bike Path, Clubhouse, Playground, and Covered Picnic Area
  • Built in the Late 1990s
  • No Park Owned Homes
Sold 2015
Canyon Ridge Mobile Home Park
Colorado Springs, Colorado
Sold 2015

Price: Confidential

Total Spaces: 250

CAP Rate: 5.5

Overview:

Sold as an off-market portfolio with Monument Creek, for a total of 387 spaces.

Investment Highlights:

  • 96% Physical Occupancy
  • 3-Star Quality
  • All-Ages
  • City Water and City Sewer
  • Amenities Include Clubhouse, Pool, Sports Court, Playground, and RV Storage
  • Built in the Early 1990s
Sold 2015
North Star Mobile Home Park
Minot, North Dakota
Sold 2015

Price: $1,800,000

Total Spaces: 88

CAP Rate: 9.1

Overview:

2-Star, 99% occupied, 88 space all-age community located in Minot, North Dakota.

Investment Highlights:

  • 9.11% CAP Rate
  • 2-Star, All-Age Community
  • One Vacancy
  • No Park Owned Homes
  • City Water and City Sewer
  • Under Market Rents
  • Average Rent Ranges from $300 to $310 and Includes Water, Sewer and Trash
  • Manager Has Been On-Site for Approximately 20 Years
Sold 2015
Country Village
New Braunfels, Texas
Sold 2015

Price: Confidential

Total Spaces: 60

CAP Rate: 6.0

Overview:

2-Star, all-age community located in the growing community of New Braunfels, Texas.

Investment Highlights:

  • 60 Spaces
  • Historically High Occupancy
  • Close Proximity to Both San Antonio and Austin, Texas
  • Off-Market Transaction
Sold 2015
San Marcos Mobile Home Park
San Marcos, Texas
Sold 2015

Price: Confidential

Total Spaces: 150

CAP Rate: N/A

Overview:

150 space community, located in San Marcos, Texas.

Investment Highlights:

  • Confidential, Off-Market Transaction
  • Call for Details
Sold 2015
Squaw Creek Village
Marion, Iowa
Sold 2015

Price: $21,000,000

Total Spaces: 485

CAP Rate: 6.4

Overview:

3-Star, 483 space all-age community located in Marion, Iowa (Cedar Rapids).

Investment Highlights:

  • 483 Space, All-Age Community, Located in Marion, Iowa (Cedar Rapids)
  • 3-Star Quality with Clubhouse, Office, Playground, Storage Units, and Outside Storage Area
  • City Water and City Sewer
  • Average Rent is $330, and Includes Water, Sewer, and Trash Service
  • 118 Homes Included with Sale (Average Age of Home is 2001)
  • 92% Physical Occupancy
  • Built in the Early 1990s
Sold 2015
Riveridge Manufactured Home Community
Grand Prairie, TX
Sold 2015

Price: Confidential

Total Spaces: 111

CAP Rate: 5.2

Overview:

Call for details.

Investment Highlights:

  • Call For Details
Sold 2015
Deserama 55+ Mobile Home Community
Mesa, Arizona
Sold 2015

Price: $4,500,000

Total Spaces: 134

CAP Rate: 6.8

Overview:

A value-add 55+ community located in the heart of Mesa, Arizona.

Investment Highlights:

  • Senior Community in Mesa, Arizona
  • 134 Spaces
  • City Water and City Sewer
  • Value-Add Opportunity, 9.14% CAP Pro Forma
  • 19 Vacant Park Owned Homes
Sold 2015
Apple Acres 55+ Community
Fruit Heights, Utah
Sold 2015

Price: Confidential

Total Spaces: 46

CAP Rate: N/A

Overview:

46 space, 55+ community located in Fruit Heights, Utah.

Investment Highlights:

  • 55+ Community
  • Average Rents $385 – $395
  • Confidential, Off-Market Transaction
Sold 2015
Paradise Oaks Manufactured Home Community
San Marcos, Texas
Sold 2015

Price: Confidential

Total Spaces: 54

CAP Rate: 9.0

Overview:

2-Star, all-age community located between the growth markets of Austin and San Antonio, Texas.

Investment Highlights:

  • Infill Location Between the Growth Markets of Austin and San Antonio
  • All City of San Marcos Utilities
  • 10 Rental Homes Included in the Sale Price
  • Park is Situated Directly Off of the I-35 Freeway
Sold 2015
Riverside Manufactured Home Community
Georgetown, Texas
Sold 2015

Price: Confidential

Total Spaces: 111

CAP Rate: 8.0

Overview:

2-Star, all-age community located in the growing area of Georgetown, Texas.

Investment Highlights:

  • Low Density Community with Approximately Two Homes Per Acre
  • Off-Street Parking with a 4:1 Ratio
  • Low Expense Ratio Due to Direct Billed Utilities and Private Septic
  • Over 9% CAP on Actuals
  • 95% Occupancy
Sold 2015
Copper Country Mobile Home Park
Globe, Arizona
Sold 2015

Price: $7,675,000

Total Spaces: 190

CAP Rate: 8.0

Overview:

3-Star, 190 space mobile home community located in Globe, Arizona. The sale included 206 mini storage units.

Investment Highlights:

  • 3-Star, 190 Space Community
  • City Utilities
  • 90% Occupied (Park)
  • Includes 206 Mini Storage Units
  • Average Rent for Single-Wide Space Ranges from $311 to $321
  • Average Rent for Double-Wide Space is $336
  • No Services Included in Space Rent
  • Stabilized, Turn Key Opportunity with Experienced Management in Place
  • Well Maintained by Current Ownership
Sold 2015
Woodgate Manufactured Housing Village
Houston, Texas
Sold 2015

Price: Confidential

Total Spaces: 141

CAP Rate: 8.0

Overview:

141 space, all-age community located in Houston, Texas.

Investment Highlights:

  • 8% CAP Rate on Actuals
  • 100% Occupancy and Collections
  • 12 Rental Homes Included in Sale
  • Private Water and Sewer
  • 141 Spaces
Sold 2015
La Hacienda
Portales, New Mexico
Sold 2015

Price: $536,000

Total Spaces: 63

CAP Rate: 10.0

Overview:

2-Star, 63 space park located in Portales, New Mexico.

Investment Highlights:

  • 63 Spaces
  • Close Proximity to Eastern New Mexico University
  • Close Proximity to Cannon Air Force Base
  • 100 Miles West of Lubbock, Texas
  • Off-Market Transaction
Sold 2015
Animas Mobile Home Community
Durango, Colorado
Sold 2015

Price: $7,700,000

Total Spaces: 120

CAP Rate: 6.25

Overview:

120 space, all-age community located on the banks of the Animas River in Durango, Colorado.

Investment Highlights:

  • 120 Spaces
  • 98% Occupied
  • Average Rent of $490
  • No Park Owned Homes
  • On The Animas River
  • Located in Durango, Colorado
  • Historically High Occupancy
  • 6.25% CAP Rate
Sold 2015
Cherry Acres
Orchard City, Colorado
Sold 2015

Price: $950,000

Total Spaces: 62

CAP Rate: 8.6

Overview:

2-Star, 55+ community located in Orchard City, Colorado.

Investment Highlights:

  • 55+ Community
  • Historically High Occupancy
  • Country Setting
  • 30 Miles from Montrose, Colorado; 50 Miles from Grand Junction, Colorado
  • 63 Spaces
  • Off-Market Transaction