Progress Photos From Our 170-Pad Manufactured Housing Community in Northern Alabama

Late last year, we acquired a 170-unit manufactured housing community in the Huntsville MSA of Northern Alabama. The community is located in a thriving market but it was in need of some major upgrades. Immediately post-closing, the Sponsors moved on-site for several weeks to personally oversee the capital expenditure plan and business plan.

The following progress photos were taken 45-days apart post-closing:

We are thrilled to announce that the community has undergone a significant amount of change in a short amount of time, and the only outstanding large capital expenditure items are:

1. The addition of a soccer field to replace the dilapidated pool
2. New home delivery and set up
3. Full security camera system throughout the community

One of the most interesting aspects to this transaction was the addition of storage units. The community had a small area towards the back of the property that had been neglected over the years and was solely being used as an outdoor storage area for junk, demolished trailers, and a few non-operational vehicles.

We cleared the entire area, gated it, and installed several self-storage units for the convenience of our residents.

Stay tuned as we continue to share our progress at this community!