Capstone Arranges $25 Million Sale of 255-Site MHC in the Charlotte MSA

CHARLOTTE, NC—Capstone Manufactured Housing announces the $25 million sale of Twin Lakes Estates: a 255-site manufactured housing community ideally located in the Charlotte suburb of Fort Mill, South Carolina.

Situated on 50+ well-manicured acres with beautiful landscaping and sprawling trees, Twin Lakes Estates is tucked away, providing a tranquil living experience for its residents. The community features many onsite amenities including a children’s playground, full basketball court, soccer field, and two fishing lakes. The excellent curb appeal and amenities package creates a charming neighborhood atmosphere—perfect for families.

Capstone’s Kevan Enger, Ian Hilpl, Brian Hummell, and Hunter LaRocca sold the property on behalf of Teresa Schenk of Twin Lakes Parklife, LLC. The buyer is Drew Odabashian of Horizon, who was attracted to the asset due its location in the fast-growing Charlotte MSA.

Twin Lakes Estates is situated along the I-77 corridor in Fort Mill, which is known for its family friendliness, excellent schools, lower taxes, and abundant employment opportunities. The community was 98% occupied at the time of closing.

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