El Paso Portfolio

Capstone is pleased to present the El Paso Portfolio. This offering features 128-sites across two communities:  El Paso Estates MHP and Vulcan Ave Estates.  They are located within the El Paso MSA and are only 13 minutes from each other. This close proximity allows for shared staffing and can help with lowering operating expenses. Additionally, the portfolio showcases a variety of value-add opportunities that a new owner can capitalize on to further boost cash flow. For example, the overall portfolio occupancy is 77%, which allows for immediate upside in filling vacant sites and park-owned homes. In addition, the average lot rent is approximately $85 less than the surrounding market competition and parks in the area boast an average 93% occupancy. This demonstrates that the market will support higher rents.  Furthermore, both communities are on public water & sewer with water meters to read the residents’ usage, thus helping to lower operational oversight.

Investment Highlights:

Below-Market Rents

Upside in Filling Vacant Sites & Park-Owned Homes

Entry Into El Paso MSA

Close Proximity Allows for Shared Staffing

Public Water & Sewer That Are Submetered