Creating incomparable value through Manufactured Housing.

Where smart acquisitions and active management combine to create long-term returns for investors.

We’ll let our numbers speak for themselves.

Performance data demonstrating how our hands-on model creates steady value across every community.
Our Story
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Years of Experience
Decades of buying and improving communities with proven, repeatable results.
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Pads
A growing portfolio of well-run pads across strong, high-demand markets.
$0M+
Valuation
Hands-on operations and smart acquisitions driving steady portfolio value growth.
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Avg ROI
Strong cash flow and disciplined execution delivering higher-than-average returns.
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BR – FMV Acquisitions

We start by buying parks that make sense on day one.

Before we touch a community, the deal has to make sense on day one. We focus on buying below Fair Market Value (FMV), usually where the park has solid bones but weak management, deferred maintenance, or untapped income.
What this looks like in practice:
  • Below-market pricing: We target parks where the purchase price leaves room for improvement and upside, not “perfect” assets with no margin.
  • Income upside: Low occupancy, below-market rents, or poor collections give us a clear path to grow NOI.
    Operational fixes: Mismanaged parks, not bad parks. The difference is huge.
  • Location first: We prioritize markets with real demand for affordable housing, job growth, and strong rental fundamentals.
  • Risk filters: We pass on deals that only work in a spreadsheet. If it doesn’t hold up under stress tests, we move on.
  • Aligned from day one: Our goal at acquisition is simple: set the stage so that when we execute the plan, returns follow.
This is where the cycle begins: buy smart, with room to improve, and everything after that gets easier.

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Active Ownership

We stay involved - because “passive ownership” is how parks get mismanaged.

Once we buy a community, we don’t disappear and hope for the best. Active ownership means we’re in the details early, setting standards, tightening operations, and fixing small issues before they turn into expensive ones. It’s hands-on oversight with real accountability - so the business runs clean and the community stays stable.
What this looks like in practice:
  • Weekly operating rhythm: We track the numbers that matter (occupancy, collections, delinquencies, work orders) and act fast when something slips.

  • On-site accountability: Clear expectations for managers, vendors, and teams – plus follow-ups to make sure things actually get done.

  • Resident communication: We keep things direct and respectful – clear rules, consistent enforcement, and quick responses to real issues.

  • Expense control: We review vendors, stop unnecessary spend, and prioritize fixes that protect the property and reduce repeat repairs.

  • Compliance + documentation: Leases, notices, payment plans, and files stay organized – because sloppy paperwork causes real problems.

  • Problem-spotting early: If something smells off (collections, maintenance, turnover), we dig in immediately instead of waiting for next quarter.

This is where the plan becomes real: stay close to operations, protect the downside, and create steady momentum for everything that comes next.

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Hands-On Value-Add Inputs

We don’t “value-add” with fancy words. We do it with real work.

After takeover, we focus on improvements that actually change outcomes - cleaner operations, better curb appeal, tighter collections, and upgrades that make the community safer and easier to manage. No random remodel projects just to feel productive. If it doesn’t improve the resident experience or the business performance, it’s probably not happening.
What this looks like in practice:
  • Fix the basics first: Clean-up, safety issues, signage, lighting, and common areas – things residents notice immediately.

  • Maintenance that stays fixed: We prioritize repairs that stop repeat work orders and reduce long-term headaches.

  • Collections + lease clean-up: Clear lease terms, consistent enforcement, and systems that improve payment reliability without playing games.

  • Operational systems: Work-order tracking, vendor standards, unit/lot files, and processes that keep the property from running on chaos.

  • Occupancy lift: Fill vacancies the right way – better marketing, faster turns, tighter screening, and smoother move-ins.

  • Income capture (without being reckless): Correct billing issues, reduce leakage, and implement fair, supportable adjustments where needed.

  • Curb appeal that actually matters: Targeted exterior improvements that raise pride of ownership and reduce turnover.

This is where the upside gets created: steady improvements, done in the right order, so performance climbs without breaking the community.

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Investment Returns Realized

Returns don’t come from hype. They come from execution.

When the business plan is working - occupancy is up, collections are tighter, expenses are under control, and the property runs clean - returns start to show up. That can look like steady cash flow, improved equity, and stronger exit options over time. We focus on doing the boring stuff right, because that’s what creates real investor outcomes.
What this looks like in practice:
  • NOI growth becomes real: Better occupancy, stronger collections, and smarter expenses translate into improved net operating income.

  • Stabilization unlocks options: Cleaner operations can support better financing terms, refinance opportunities, or a stronger sale position.

  • Distribution potential improves: As performance stabilizes, the ability to pay consistent distributions typically strengthens.

  • Equity value increases: Higher NOI can drive higher valuation – especially when the property is well-documented and lender-ready.

  • Clear investor reporting: Updates that are straightforward – what’s working, what’s not, what changed, and what’s next.

  • Risk management stays active: We don’t stop paying attention once things look good. We keep monitoring so gains don’t drift.

This is where the results show up: strong operations create stronger performance—and that’s what makes returns possible.

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Repeat

One good deal is nice, but a repeatable process is the goal.

Once a community is stabilized and performing, we don’t go chasing random shiny objects. We take what worked, improve the playbook, and apply it to the next right opportunity. Repeat isn’t “copy/paste.” It’s refining the system so each cycle gets smarter, faster, and more predictable.
What this looks like in practice:
  • Playbook-driven growth: We build processes that can scale – so every property isn’t run like a one-off science project.

  • Lessons learned, actually used: What we learn on Property A gets baked into how we buy and operate Property B.

  • Relationships compound: Brokers, lenders, vendors, and local teams get stronger over time – so execution gets easier.

  • Better underwriting over time: Real operating data improves our assumptions and helps us avoid bad deals faster.

  • Systems get tighter: Reporting, controls, maintenance workflows, and resident communication keep improving each cycle.

  • Long-term thinking: We focus on sustainable performance, not quick wins that create bigger problems later.

This is the flywheel: buy smart, run it right, improve it, realize results—then repeat with more confidence and better tools.

Investment advantages that just make sense.

Clear advantages that make our communities reliable, resilient, and built for consistent investor outcomes.
Our Strategy
Years of Experience
Decades of buying and improving communities with proven, repeatable results.
Low Operational Costs
Resident-owned homes and efficient operations reduce expenses and increase investor returns.
High Demand
Strong regional demand and active management drive stability, retention, and long-term performance.
Recession Resilience
Affordable housing stays needed, and disciplined operations keep communities performing reliably.

Our acquisitions portfolio.

A snapshot of our current holdings and the value we’re creating across every community.
Conover MHP
Conover MHP
20 media record filled
Sold
Conover, NC
27 Pads
25 % IRR
18 chart stacked line
32 % CoC
HickoryEstatesAerial
Full Cycle
Hickory Estates
20 media record filled
Sold
Hickory, NC
14 Pads
27 % IRR
18 chart stacked line
78 % CoC
LakeFisherEstates
Full Cycle
1031 Exchange
Lake Fisher Estates
20 media record filled
Sold
Kannapolis, NC
36 Pads
59 % IRR
18 chart stacked line
35 % CoC
Onslow Estates
Onslow Estates
20 media record filled
Sold
Jacksonville, NC
69 Pads
N/A % IRR
18 chart stacked line
8 % CoC
RockSpringsEstAerial
Full Cycle
Rock Springs Estates
20 media record filled
Sold
Denver, NC
31 Pads
14 % IRR
18 chart stacked line
25 % CoC
SRE MHP
Springs Road Estates
20 media record filled
Sold
Hickory, NC
42 Pads
48 % IRR
18 chart stacked line
18 % CoC