North Carolina MHP
North Carolina MHP is a 111 unit community located in North Carolina. This property is a classic value add asset with below market rents, poor rule enforcement and lack of overall investment back into the community.
By drafting and executing on a value add plan, we improved the asset by investing in roads, culverts, septic systems, community cleanup, etc. By making these changes and increasing rents toward market rates, we have dramatically increased the value of the asset. This asset is currently under management.