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Capstone is pleased to present the Illinois-Davenport Portfolio, consisting of 346 sites across 4 communities. This portfolio features scaled entry into the Illinois and Davenport markets, and it is regionally divided into 2 areas: 3 communities are located near the Rockford MSA and the other in the Davenport-Moline-Rock Island MSA. The communities near the Rockford MSA are less than 30 minutes away from one another, allowing for shared staffing. Additionally, the portfolio showcases two value-add opportunities that a new owner can capitalize on to increase cash flow. For example, the portfolio is 62% occupied with 60 vacant park-owned homes. Filling those homes would bring occupancy to 80%, and at the current lot rents, it would increase effective rental income by $285,840. Furthermore, there is room to increase rents in each community. This offering presents the opportunity to acquire a portfolio in the Midwest with value-add components and scaled entry.
Upside in Filling Vacancy
Scaled Entry Into Three Metro Areas in Illinois & Iowa
Utilities Paid by Residents
Close Proximity Between Properties