New Offering: 188-Site MH Portfolio in Lake Chautauqua, NY | Two Well-Located Assets in Attractive Lake Community

Download Offering Materials: Lake Chautauqua Portfolio

Capstone Manufactured Housing is pleased to present the Lake Chautauqua Portfolio. This portfolio features 188 sites across two communities–High Acres and Fairdale Park. Both communities are well-positioned near Lake Chautauqua, which is one of the most popular inland lakes. The two communities are located within 20 minutes from each other, allowing for shared staffing between the communities. The portfolio showcases value-add opportunities with occupancy upside and expansion potential. High Acres consists of 94+ acres, 63+ of which are developed. The undeveloped acreage could allow a new owner to substantially increase GPR depending on how many sites are added. If an additional 100 pads are developed, GPR could increase by up to 57%.

Investment Highlights
Scaled Entry & Reduced Management Oversight
Upside in Filling Vacancy
Opportunity to Develop Additional Sites on Vacant Land

Leave a Reply

Your email address will not be published.