52TEN, a firm specializing in mobile home park investments, is pleased to announce its acquisition of Palm Harbor Estates Mobile Home Park.
Palm Harbor Estates is a 246-space park located in Mesa, Ariz., and is the eighth park in 52TEN’s portfolio, following its acquisition of Country Breeze Mobile Home Park in late 2020. This recent transaction was completed off-market, directly with the park’s former owner using a combination of private equity and debt.
“Quality family parks are difficult to find in this part of the Valley,” said Nate Pattee, 52TEN co-founder. “With this acquisition, we now have an opportunity to offer Mesa residents affordable housing within a higher-quality community.”
To improve the park and implement its long-term investment focus, 52TEN will renovate and sell homes, fill vacant spaces with new homes, and complete necessary capital improvements to the property.
52TEN acquires parks in attractive locations and turns them into higher-quality properties, providing an opportunity for both park residents and qualified private investors.
“Mobile home park investments are an alternative many have not considered, yet they are one of the smartest strategies available today,” said Jack Martin, 52TEN co-founder. “Palm Harbor Estates will be a strong addition to our portfolio, delivering yet another opportunity for investors to enjoy stable income, attractive returns, and peace of mind through volatile market cycles.”
52TEN is an Arizona-based private real estate investment firm verified by Verivest. 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.