Download Offering Materials: Minneapolis MSA Portfolio

Capstone Manufactured Housing is pleased to present the Minneapolis MSA Portfolio. This offering features 180-sites across 2 communities, Pine Terrace MHP and Braham MHP.  The communities are strategically located only 20 minutes from each other. Current ownership employs two property managers and a third-party manager, but the proximity of the communities allows for shared staffing to increase cash flow. Additionally, the portfolio showcases a variety of value-add opportunities that a new owner can capitalize on to further boost cash flow. For example, both communities are on public water & sewer, with metron water meters to read the residents’ usage. However, the utilities are included in the rent, and the current owners monitor the residents’ usage to charge a penalty if they go over a certain amount. Using the installed water meters, new ownership can vastly benefit from billing water usage back to the residents. Furthermore, the portfolio features below-market lot rents and upside in filling vacancy, both of which should be focused on to increase income. This offering presents the opportunity to acquire two Minnesota communities with significant value-add components.

Investment Highlights
Public Utilities
Opportunity to Bill-Back Water to the Residents
Below-Market Lot Rents
Majority Lot Only Resident-Owned Homes
Upside in Filling Vacancy
Close Proximity Allows for Shared Staffing