Acquisition: We identify potential assets that align with our investment criteria and present them to our investors. After issuing a Letter of Intent (LOI), we conduct thorough due diligence to assess the property before finalizing the purchase. This stage also involves establishing the necessary legal frameworks.
Operations & Management: Following the acquisition, we concentrate on enhancing the property’s management. This may include improving training for current onsite staff, hiring new management, and modernizing operations to foster better tenant relationships.
Removal: Homes that fail to meet our quality standards and are not viable for renovation will be demolished and removed from the property to maintain a high standard of living for tenants.
Renovation: Properties that are structurally sound but require upgrades will undergo renovations to ensure they meet our quality criteria. We coordinate with teams across the country for efficient management of these renovations.
Infill: To optimize space, we address any vacancies by installing new homes, or in certain cases, used homes, to maximize park occupancy and appeal.
Additional NOI Enhancement: As we enhance park management, aesthetics, and ensure a diverse selection of quality homes, we continuously evaluate and optimize expense ratios and rental income, which ultimately boosts the park's net operating income (NOI), enhancing cash flow and overall value.
Disposition: When the property reaches optimal utilization and value, we strategize for refinancing or sale. While we may retain assets for long-term cash flow, investors will have the choice to either maintain their investment or exit with returns on their capital and any accrued income.
