It's been a while.

The last time I sent an update, I had just closed on a campground outside Boston and wrapped up a full-cycle deal in Oregon. Since then, most of my energy has gone into operations, acquisitions, and building out the team needed for the next phase of growth.

The short version: After a frustrating acquisition market in 2024, we became much more active again in 2025. We closed on two portfolios in the Northeast and have continued investing capital back into the communities we operate.

If you've been wondering whether I disappeared, the answer is no. I just put my head down and kept grinding.

2025: Busy on the acquisition front

Last year we closed on two manufactured housing portfolios in markets where we already had operational familiarity and believed strongly in the long-term fundamentals.

Belfast Portfolio (Maine)

The first acquisition was the Belfast Portfolio in coastal Maine, which includes Hyland Estates and Seacoast Village.

Funny enough, I originally met the seller years ago through a mobile home park forum after giving him some operational advice. We stayed in touch, and eventually that relationship led to the opportunity to acquire the communities.

The seller had spent years reinvesting in the properties — replacing water and sewer infrastructure, removing older homes, bringing in newer inventory, and generally improving the communities over time.

The properties themselves sit just outside downtown Belfast near Penobscot Bay, which has become an increasingly desirable part of coastal Maine. Demand for affordable housing in the region remains strong, while new housing supply continues to be fairly constrained.

Since acquiring the portfolio, we've continued investing in the communities, including approximately $267K toward road improvements at Hyland along with drainage and culvert work.

When it comes to rents, we’ve only moderately increased rates for the residents. We probably could be more aggressive, but I'd rather operate with a long-term mindset than maximize short-term revenue at the expense of resident stability.

The portfolio also includes 31 fully entitled expansion sites adjacent to Seacoast Village, which gives us additional optionality if and when we decide the timing makes sense to move forward with development.

The Meadows Portfolio (New Hampshire)

We also closed on Deer Meadow Mobile Home Park and The Meadows of Hopkinton, two high-quality manufactured home communities near Concord, New Hampshire, totaling approximately 130 home sites along with a small apartment component.

The seller developed and operated the communities for more than 45 years, and the properties were never formally marketed. It was a true off-market transaction sourced through a unique relationship.

A lot of the homes are doublewides with attached garages, the communities are full, and the residents clearly take pride in ownership. Frankly, it doesn't feel like what most people picture when they hear the term "mobile home park."

The properties also sit in a pretty unique part of New Hampshire. They're within commuting distance of Concord, Manchester, and even greater Boston, but still in a small-town environment where conventional housing has become increasingly unaffordable for a lot of working families.

Current projects include renovating vacant apartments, rehabbing an abandoned home, repaving roads, and installing a new arsenic water treatment system.

Our goal is to continue improving the communities, reinvesting heavily into the infrastructure, and holding the properties for the long term. Communities like these are becoming increasingly difficult to replicate.

2026: A new deal under contract and more in the pipeline

We currently have another manufactured home park under contract and continue to actively evaluate additional opportunities.

If you're reading this and are interested in partnering with us on future deals, feel free to reply directly or give me a call to connect.

We distribute our offerings privately to investors we know personally and have taken the time to build relationships with.

So, if you're on this list and are wondering why you haven't received any investment offerings from us in the past, it's likely because we haven’t had the chance to connect yet.

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