May 10th, 2024 | Scottsdale, AZ

52TEN acquires 180 mobile home lots in Carson City, Nevada

Mobile home park investment company expands to the Silver State

52TEN, a firm specializing in mobile home park investments, is pleased to announce its acquisition of Eagle Valley Estates, a 180 space mobile home & park in Carson City, Nevada.

Eagle Valley Estates (formerly named Seven Star Mobile Home Park) marks the twelfth park for 52TEN. This park was acquired by 52TEN’s Fund II, composed of 4 mobile home and RV parks across Arizona, Texas and now Nevada.

“After 7 years of talks with the owner, our efforts finally paid off. The purchase includes seller financing, which means the Fund II portfolio will have only private debt. This park is already 96% occupied and in need of minor capital improvements – an incredible stable addition to an already over-performing fund. We are especially thrilled with the strength of this acquisition, as it will allow us to provide the best experience for investors and tenants alike.” – 52TEN Co-Founder, Nate Pattee

To enhance the park and realize its long-term investment objectives, 52TEN will undergo a rebranding process, execute essential capital improvements, occupy vacant spaces with new residences, and pursue purchase of adjacent lots to increase park revenue potential.

52TEN acquires parks situated in desirable locations and elevates them into superior-quality properties, presenting a promising prospect for both park residents and eligible investors.

“Mobile home park investments have emerged as the steady real estate investment in uncertain times,” said Jack Martin, 52TEN co-founder. “Eagle Valley Estates will be a strong addition to our portfolio, delivering yet another opportunity for investors to enjoy significant tax benefits, outsized returns, stable cash flow, and peace of mind through volatile market cycles.”

Eagle Valley Estates, formerly Seven Star Mobile Home Park

52TEN is an Arizona-based private real estate investment firm. Co-founded by Jack Martin and Nate Pattee, 52TEN takes a unique approach, partnering with investors through recession-resistant mobile home communities to maximize yield while minimizing risk. By combining a lower-risk strategy with unparalleled transparency and a disciplined business approach, the firm provides a comfortable investment and the best experience in the industry.

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