Capstone Manufactured Housing is pleased to present the
Altoona PA Portfolio, which consists of two communities, Eldorado Court and
Independence Place. The communities are ideally situated in the Altoona MSA and
are a short distance (4.0 miles) away from each other, allowing for shared
staffing. At 96% portfolio occupancy with public utilities and no park-owned
homes, there is minimal oversight required. All these characteristics help
lower the operating expense ratio, in turn generating a higher net operating
income. This offering presents the unique opportunity for investors to
acquire a turn-key portfolio with multiple operational efficiencies.
1. Age Restricted 55+ Communities
2.
No Park-Owned Home Rentals; All Lot-Only
Resident-Owned Homes
3.
Public Utilities Billed Back To Residents
4.
96% Portfolio Occupancy
·
92% Occupancy At Eldorado Court
·
100% Occupancy At Independence Place
5.
Shared Staffing Due To Close Proximity Of
The Parks
6.
Stabilized Turn-Key Assets