Southern Villa MHP was given new life and a home that its residents could take pride in. The Community was purchased in August, 2019, and at the time of closing there were 84 occupied sites out of 146 pads. Ownership revitalized the character of the Community for the existing residents by, among other things, re-paving the roads and parking pads throughout the Community, adding street lights and new signage with landscape at the entrance, adding pavilions, improving the mailbox area, and hiring a new onsite manager. The team also added 40 new manufactured homes to the Community that were leased out to new residents. The team sold Southern Villa fifteen months after acquisition in an off-market transaction that once again provided strong returns to the project’s investors.
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