Download Offering Materials: Great Lakes Portfolio
Capstone Manufactured Housing is pleased to present the Great Lakes Portfolio. This offering features 262-sites across three communities in the Midwest: Libby Aurora MHP in the Cleveland MSA, Westville Estates in the Michigan City MSA, and Pebble Creek MHP in the Saginaw MSA. The portfolio currently operates at 55% occupancy, and combined with the low lot rents, it creates a significant value-add opportunity for a new owner. By focusing on leasing up the 119 vacant sites or raising rents in line with the market, investors can substantially increase revenue. This offering presents an opportunity to invest in a portfolio with scaled entry into the respective markets, as well as rental upside and value-add opportunities.
Upside in Filling Vacancy
Below Market Lot Rents
Proximity to Major MSA’s
Scaled Entry into the Midwest