Acquisition
We identify assets that meet our qualifications, bring them to our investors, issue an LOI, then perform extensive due diligence on the property prior to completing the purchase. Full legal set up occurs during this process as well.
Operations & Management
Once secured, we enhance training and/or secure new onsite management, engage off-site management, and retrofit operations for modernization and improved tenant relations.
Removal
Any existing homes that do not meet our standards for overall quality and cannot be renovated to meet those standards will be demolished and removed from the property.
Renovation
Any existing homes that meet our standards for overall quality and require renovation to bring them to rentable status. We have crews across the country we work with directly and through our off-site management companies.
Infill
If there are vacant spaces, our final value-add process is to fill in all spaces with new homes (or used in specific situations).
Additional NOI Enhancement
As we improve the management, beauty, and the availability of quality homes, we will continue to focus on improved expense ratios and rent rolls to enhance the NOI of the park, thereby improving the cash-flow and value.
Disposition
Once the asset is at/near full utilization and value, we will position it for refinance or sale. There are instances of holding an asset in perpetuity for cash-flow purposes, yet our investors will have the option to remain invested or exit with a return of their capital and any earned returns.
