Lone Star Portfolio

Lone Star Portfolio

Houston, central texas, corpus christi, & lubbock, TX
Available
  • Property Type: Manufactured Housing
  • Property Size: / 116 Acres / 800 Sites

Overview

Capstone Manufactured Housing is pleased to present the Lone Star Portfolio. This portfolio provides immediate entry into Texas by acquiring 800 sites across 7 communities. The communities are ideally located in the rapidly expanding markets of Houston, Corpus Christi, and Lubbock. The portfolio features a combined occupancy of 91%, with majority of the homes being tenant owned or on a lease-to-own contract. In addition, six of the seven communities within the portfolio benefit from city utilities. There has been significant improvement to the properties under current ownership, including enhancing the curb appeal with new roads, signage, fencing, utility upgrades, and added amenities and by bringing in hundreds of new homes to stabilize the communities. This offering presents investors with the opportunity to acquire a turn-key portfolio with scaled entry into Texas. 

Investment Highlights

Scaled Entry Into Texas

Turn-Key Asset with Low Operational Oversight

Recent Capital Improvements

New Home Inventory

Contact Information

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