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Contact us
Brian Hummell
Director
614.468.5773 brian.hummell@berkadia.com
Manufactured Housing Investment Advisors
ORLANDO, FL OFFICE
300 South Orange Avenue
Suite 1500
Orlando, FL 32801
PHOTO GALLERY
LOCATION
76 SITES
Fiesta MHC
3200 Dickinson Avenue | Dickinson
86 SITES
GREEN RIVER MHC
422 Branding Iron Dr. | Dickinson
106 SITES
RIVER FOREST MHC
4914 Riverview Dr. | Dayton
4 Properties
403 Total Sites
Houston MHC Portfolio
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135 SITES
SAFARI MHC
2935 Calder Dr. | League City
Dallas, TX Office
5960 Berkshire LaneSuite 1000Dallas, TX 75225
Kevan Enger
Senior Managing Director
407.494.8541
kevan.enger@berkadia.com
Ian Hilpl
Managing Director
315.406.0900
ian.hilpl@berkadia.com
Hunter LaRocca
Director
407.227.9643
hunter.larocca@berkadia.com
BROKER OF RECORD
Managing DirectorLicense #9002106Phone: 972.458.4589
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RICK BRACE
Senior Director - MIMI License #6505376354PA License #RB067846
ROBERT MEEHLING
Senior Managing Director - MDVA License #0225154022
MICHIGAN & PENNSYLVANIA
BROKER OF RECORD
VIRGINIA
BROKER OF RECORD
Call for Offers: Tuesday, February 18th
Executive Summary
investment highlights
Berkadia Manufactured Housing is pleased to present the Houston MHC Portfolio featuring four communities and 403 sites. Strategically situated in the Houston MSA, this portfolio benefits from the region’s robust economy and growing population. Houston happens to be the fourthlargest city in the United States, with a population of over 7.3 million as of 2023. The communities are all within 40 minutes from Downtown Houston and could benefit from shared staffing. Additionally, these communities offer limited management oversight due to the overall 87% occupancy and public water and sewer utilities. In addition to these favorable qualities, current lot rents are well below their surrounding competitors, illustrating room to increase revenues on day-one. Green River MHC also features 236 storage units which would also boost cash flow. Furthermore, the portfolio also features favorable assumable debt terms for a new owner. Overall, this offering presents the opportunity to acquire a wellpositioned turn-key asset with a multitude of operational efficiencies and potential for immediate upside.
EXECUTIVE SUMMARY
SCALED ENTRY INTO STRONG HOUSTON MARKET
01
BELOW MARKET RENTS
02
ATTRACTIVE ASSUMABLE DEBT
03
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Jay Gunn
safari land redevelopment
opportunity
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