Joplin Portfolio

Joplin Portfolio

Joplin, MO
  • Property Type: Manufactured Housing
  • Property Size: / 268 Sites


Capstone is pleased to present the Joplin Portfolio, consisting of four communities. This offering features 268 sites in the thriving Joplin, MO MSA. These communities are ideally positioned within a 20-mile radius of each other, providing immediate scaled entry into the area, as well as offering the opportunity to share staffing across the portfolio. Current ownership has done a great job improving the parks by bringing in a large inventory of new park-owned homes, aged 2018 or newer, and by repaving the roads at three out of the four properties. The large number of park-owned homes is valuable, as a new owner can focus on infilling these, as opposed to having to purchase any new homes to rent or sell. Furthermore, the portfolio lot rent is below the market average; so, in turn, an aggressive in-fill strategy—combined with raising lot rents—could increase income significantly.

Investment Highlights

  • Immediate Scaled Entry into Joplin MSA
  • Upside in Filling Vacancy
  • New Home Inventory & Recent Capital Improvements
  • Lot Rent Growth Potential

Contact Information

Ian Hilpl Partner P: 315.406.0900
O: 800.261.9464 ext. 7008
Kevan Enger Managing Partner P: 407.494.8541
O: 800.261.9464 ext. 7004
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