Download Offering Materials: Joplin Portfolio

Capstone is pleased to present the Joplin Portfolio, consisting of four communities. This offering features 268 sites in the thriving Joplin, MO MSA. These communities are ideally positioned within a 20-mile radius of each other, providing immediate scaled entry into the area, as well as offering the opportunity to share staffing across the portfolio. Current ownership has done a great job improving the parks by bringing in a large inventory of new park-owned homes, aged 2018 or newer, and by repaving the roads at three out of the four properties. The large number of park-owned homes is valuable, as a new owner can focus on infilling these, as opposed to having to purchase any new homes to rent or sell. Furthermore, the portfolio lot rent is below the market average; so, in turn, an aggressive in-fill strategy—combined with raising lot rents—could increase income significantly.

Investment Highlights
Immediate Scaled Entry Into Joplin MSA
Upside in Filling Vacancy
New Home Inventory & Recent Capital Improvements
Lot Rent Growth Potential