Capstone Manufactured Housing is pleased to present the
Altoona 3 Park Portfolio. This portfolio features 145 sites across three
communities: Blair MHP, Princeton Heights North, and Princeton Heights South.
The communities are strategically positioned less than 30 minutes apart and
provide immediate scaled entry into the Altoona MSA. The proximity of these communities allows
ownership to benefit from shared staffing, helping to reduce costly management
oversight and expenses. Current ownership has made significant improvements to
the properties, enhancing the overall curb-appeal, and bringing in newer homes.
The portfolio is currently operating at an economic occupancy of 42% and
features below market rents–providing tremendous value-add in the form of future
rents and occupancy upside. This offering presents an opportunity to invest in
a portfolio with scaled entry into the Altoona MSA, as well as rental upside
and value-add opportunities.