Price: $5,100,000
Total Spaces: 121
CAP Rate: 7.0
Sold 2015
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
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
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
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
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
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
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
Price: Confidential
Total Spaces: 111
CAP Rate: 5.2
Overview:
Call for details.
Investment Highlights:
- Call For Details
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
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
