GOAL: Focus on cash flow and value-add; 5-year hold.
SIZE: Minimum 50 pads (Will look at smaller for the right deal). Preference for tenant-owned homes (TOH)l; some park-owned homes (POH) acceptable.
LOCATION: Within 30 minutes of growing metros. No CA or FL.
FINANCIALS: Max equity check: $1.5M. Open to creative financing, seller financing and JVs.
UTILITIES: No waste treatment plants or lagoons.
VALUE ADD: Focus on rent growth and operational improvements over physical expansions.
GOAL: Open to establish or underperforming parks, both transient (near attractions) and long-term (near populations centers). Focus on cash flow and value-add.
SIZE: Minimum 50 pads; open to mixed-use parks.
LOCATION: No flood zones, high crime, or declining markets; excludes Florida.
UTILITIES: Any setup acceptable; open to parks needing upgrades.
AMENTITIES: Preference for strong amenities with potential for upgrades.
VALUE ADD: Operational improvements, rent growth, or amenity enhancements.
LOCATION: Denver and surrounding metro areas, CO.
PURCHASE PRICE: Under $700K
RENOVATION: No more than 40% of purchase price
OTHER: Fire damage, foundation issues, or mobile homes are OK.
UNIT COUNT: 20-200
VINTAGE: 1970-2000 Markets
METROS: In the Sunbelt and Midwest (Outside of FL, LA, CA). CO ok for the right deal.Denver and surrounding metro areas, CO.
VALUE ADD: Opportunity for rent growth via operational improvements and or renovations
FINANCING: Creative only.
DEAL KILLERS: Broken condos, Motel to Multi conversions
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