https://estersonmhcteam.com/property/30-park-portfolio-8-states

*Newly Updated T-12 & Rent Roll – Increased Occupancy To 82%*

The Esterson MHC Team of Marcus & Millichap, alongside Jonathan McClellan and Kyle Baskin, are excited to present a unique investment opportunity to acquire a portfolio of 30 manufactured housing communities (MHCs) strategically located across Indiana, Ohio, Kentucky, North Carolina, South Carolina, Georgia, Louisiana, and Texas. This extensive portfolio comprises 3,389 sites with an 82% occupancy rate and approximately ~598 park-owned homes (573 in place and 25 newly ordered 2024).

Key Investment Highlights:

· Diverse Geographic Spread: The communities are spread across eight states, providing geographic diversification that mitigates regional market risks and leverages different economic strengths.

· Significant Scale: The portfolio’s 3,389 sites offer substantial scale, enabling economies of scale in management and operations, enhancing the overall investment’s stability and potential for growth.

· Strong Occupancy Rate: With an 82% occupancy rate, the communities are well-established with a solid resident base, ensuring immediate and steady rental income. There is also room for increasing occupancy, presenting a value-add opportunity.

· Limited Park-Owned Homes: Only approximately ~598 of the homes are park-owned, with a substantial amount being brand new, reducing maintenance responsibilities and costs associated with owning and managing a large number of homes. This also allows for potential conversion to tenant-owned homes, further increasing cash flow and decreasing operational expenses.

This portfolio offers a compelling opportunity to invest in a diverse, scalable, and income-generating asset class. With immediate cash flow, value-add potential, and geographic diversification, this investment aligns well with strategies aimed at long-term growth and income stability in the affordable housing market.