Minneapolis MSA Portfolio

Minneapolis MSA Portfolio

Minneapolis, MN
  • Property Type: Manufactured Housing
  • Property Size: / 180 Sites


Capstone Manufactured Housing is pleased to present the Minneapolis MSA Portfolio. This offering features 180-sites across 2 communities, Pine Terrace MHP and Braham MHP.  The communities are strategically located only 20 minutes from each other. Current ownership employs two property managers and a third-party manager, but the proximity of the communities allows for shared staffing to increase cash flow. Additionally, the portfolio showcases a variety of value-add opportunities that a new owner can capitalize on to further boost cash flow. For example, both communities are on public water & sewer, with metron water meters to read the residents’ usage. However, the utilities are included in the rent, and the current owners monitor the residents’ usage to charge a penalty if they go over a certain amount. Using the installed water meters, new ownership can vastly benefit from billing water usage back to the residents. Furthermore, the portfolio features below-market lot rents and upside in filling vacancy, both of which should be focused on to increase income. This offering presents the opportunity to acquire two Minnesota communities with significant value-add components. 

Investment Highlights

  • Public Utilities
  • Opportunity to Bill-Back Water to the Residents
  • Below-Market Lot Rents
  • Majority Lot Only Resident-Owned Homes
  • Upside in Filling Vacancy
  • Close Proximity Allows for Shared Staffing 

Contact Information

Kevan Enger Managing Partner P: 407.494.8541
O: 800.261.9464 ext. 7004
Ian Hilpl Partner P: 315.406.0900
O: 800.261.9464 ext. 7008
Brian Hummell Director P: 614.318.5482
O: 800.261.9464 ext. 7011
Hunter LaRocca Senior Advisor P: 407.227.9643
O: 800.261.9464 ext. 7012