Carolinas MHC is an opportunity to acquire a portfolio of three quality manufactured house communities in South Carolina, located within a 20-mile radius of one another.

– Rents appear to be well below market for all the properties and the current Owners are signing new move-ins at rents well above existing tenants. Ashlyn is signing at $55 per site per month higher, Deborah at over $200 higher, and Simmons at $150 higher.
– Average lot rents across the portfolio are positioned favorably at $421 compared to $469 average across family communities. Increasing
rents to market would add over $60,000 in additional annual revenue for a new owner.
– Properties consist of almost all tenant owned homes. There are only 10 current park owned homes of which 9 are occupied as pure rental or a lease-to-own structure.
– The properties are offered as a package and need to be sold together.
– Within a 10-mile radius of each community, the average household income across the portfolio is $75,962 with average home values at $251,589. Given the strong demographics, there is an incredible amount of demand for affordable housing in these markets.
– All of the communities are located within close proximity of each other and major metro areas, allowing a new owner to immediately benefit from economies of scale and management efficiencies, and making it extremely time and cost efficient to run the portfolio.