New Offering: 285-Site MH Portfolio in Fayetteville, NC | Two Stabilized Assets with Immediate Rental Upside

Download Offering Materials: Fayetteville Portfolio

Capstone Manufactured Housing is pleased to present the Fayetteville, NC Portfolio. This portfolio is comprised of 285 total sites across two communities—Cross Creek Pond MHP and Lone Pine MHP. The two communities are strategically positioned less than 5 miles apart and provide immediate scaled entry into the Fayetteville MSA. The proximity of these communities allows ownership to benefit from shared staffing, helping to reduce costly management oversight and expenses. The portfolio showcases a combined 94% occupancy, public utilities, and well below market rents. Additionally, new management can substantially reduce operating expenses by converting current Park-Owned Home Rentals to a Lease-to-Purchase structure. This offering presents an opportunity to gain scaled entry into the Fayetteville MSA by acquiring two well-located communities with strong occupancy and below market rents.

Investment Highlights
Scaled Entry into the Fayetteville MSA by Acquiring 285 Sites Across Two Communities
94% Portfolio Occupancy
Below Market Rents with Scheduled Rent Increases—Effective September 1, 2021, The Lot Rent and POH Rent Will Increase By $25
Public Water/Sewer
Strong Location with Favorable Accessibility
Well-Maintained With Excellent Curb Appeal
Shared Staffing Between Communities
Limited Amenities—Preventing Costly Expenses and Labor Associated with On-Site Amenities
Opportunity To Convert Current Park-Owned Home Rentals to A Lease-To-Purchase Structure

Leave a Reply

Your email address will not be published. Required fields are marked *