February 12, 2024 | Scottsdale, AZ

52TEN acquires 141 spaces in Panama City, Florida

Mobile home park investment company expands to the Sunshine State

52TEN, a firm specializing in mobile home park investments, is pleased to announce its acquisition of Hidden Oasis Estates, a 141 space mobile home & RV property in Panama City, Florida.

Hidden Oasis Estates (formerly named Two Sisters) marks the eleventh park for 52TEN. This recent transaction was completed off-market, directly with the park’s former owner, using a combination of private equity and debt.

“Hidden Oasis Estates has the potential to be the top manufactured housing community in this submarket,” said Nate Pattee, 52TEN co-founder. “It is a rare, 25-year-old asset surrounded by wooded acreage, yet located in the middle of the city, with oversized lots and wide streets. We look forward to strategically improving the community and giving our residents the best experience.”

To improve the park and implement its long-term investment focus, 52TEN will rebrand the park, complete necessary capital improvements, fill vacant spaces with new homes, and prepare adjacent acreage to be developed into additional lots.

52TEN acquires parks in attractive locations and turns them into higher-quality properties, providing an excellent opportunity for both park residents and qualified investors.

“Mobile home park investments have emerged as the steady real estate investment in uncertain times,” said Jack Martin, 52TEN co-founder. “Hidden Oasis 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.”

Hidden Oasis Estates mobile home park panama city

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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