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Capstone is pleased to present the Springfield Portfolio. This offering features 149 sites operating at 79% occupancy, with only 32 vacant park-owned homes left to fill. This provides a new owner with the opportunity to focus on leasing up the vacancies without having to bring in additional capital to purchase new homes. Furthermore, the portfolio benefits from public utilities, which are paid for by the residents through master metering or direct billing. A new owner could increase revenue by improving the water & sewer recapture rate or implementing a trash bill-back program. This offering presents the opportunity to acquire a stabilized portfolio in Springfield, Illinois.
Springfield Housing Authority Opportunity
Newer Home Inventory
Upside In Filling Vacant Homes
Public Utilities with Opportunity to Improve Recapture
Or Implement Trash Bill-Back
Scaled Entry into Springfield Market
Close Proximity Allows for Shared Staffing