Central Ohio & Southeast Portfolio

Central Ohio & Southeast Portfolio

Various, VARIOUS
Under Contract
  • Property Type: Manufactured Housing
  • Property Size: / 1,500 Sites

Overview

Capstone Manufactured Housing is pleased to the Central Ohio and Southeast Portfolio. This portfolio boasts 1,494 sites within 13 communities, across 5 states. The communities are well-positioned in Ohio, Tennessee, Alabama, Mississippi, and South Carolina. The portfolio features substantial upside with below market rents, as well as the ability to increase overall occupancy by leasing up vacant park-owned homes and filling vacant sites. This portfolio also offers the ability to reduce current expenses by implementing a lease option purchase initiative with current park-owned homes. Furthermore, this investment opportunity offers rare national scale into strong markets throughout Ohio, Tennessee, Alabama, Mississippi, and South Carolina.

Investment Highlights

Scaled Entry Into OH, TN, AL, MS, and SC
Below Market Rents Allowing for Immediate Rental Upside
Substantial Upside Through Leasing Up Vacant Homes and Filling Vacant Sites
Opportunity to Convert Current Park-Owned Home Rentals to a Lease-To-Purchase Structure
Well Maintained Portfolio with Curb Appeal
Four Communities Located in Qualified Opportunity Zones

Contact Information

Brian Hummell Senior Investment Sales Advisor P: 614.318.5482
O: 800.261.9464 ext. 711
hummell@capstone-companies.com
Kevan Enger Partner P: 407.494.8541
O: 800.261.9464 ext. 704
kevan@capstone-companies.com
Ian Hilpl Director P: 315.406.0900
O: 800.261.9464 ext. 708
ian@capstone-companies.com
Hunter LaRocca Investment Sales Advisor P: 407.227.9643
O: 800.261.9464 ext. 712
hunter@capstone-companies.com
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