Multifamily & Mobile
Pioneer Communities was founded in 2018 with the goal of providing quality affordable housing to hard-working cost-burdened families through the acquisition and operation of manufactured housing communities in select markets across the United States.
Our approach is founded on an unparalleled commitment to excellence, integrity, and creativity. Pioneer takes an extremely hands-on approach with all of its acquisitions and routinely moves on-site post-closing to oversee the transition of ownership and implementation of the business plan.
Our mission is to provide our residents with safe turnkey affordable housing that they are proud to call home while offering our partners attractive risk-adjusted returns and capital appreciation.
we help you to achieve more
Mobile home communities provide investors with a variety of tax advantages. Compare the following depreciation schedules between asset classes:
MHC - 15 YRS Multifamily - 27.5 YRS Commercial - 39 YRS
MHCs allow investors to purchase land and rent to tenants who own their homes. MHC owners are only responsible for repairs and maintenance of the land, infrastructure and improvements that they own. This land ownership model provides a much lower expense ratio (35-40%) versus traditional multifamily assets. (50-60%).
A common metric used in multifamily investing is “price per door”. MHCs offer investors one of the lowest price-per-door investment vehicles on the market which provides owners with the ability to spread credit risk amongst a high number of renters.
MHCs offer one of the lowest rates of mortgage default across all other asset classes. As such, Fannie Mae and other agency lenders reported $2.9 billion in MHC lending for 2018, a 56% increase from 2017. It is not uncommon to secure up to 80% LTV on a mobile home community acquisition.
Geography: Nationally focused with an emphasis on the Eastern Seaboard
Property Type: All-age and age-restricted communities
Property Size: Minimum of 50 pads, smaller communities considered in select geographies
Utilities: Public utilities preferred, private utilities considered in select scenarios
Transaction Size: $1,000,000 - $50,000,000+
Other: Portfolio acquisitions considered
Co-Founder & Chief Acquisitions Officer
Co-Founder & Chief Operating Officer
Board Member & Head of Investment Committee
Acquisitions Analyst Intern
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Do you have a mobile home park for sale?