The firm acquired the property with 100% private equity and did not place debt on the asset. This was an off-market transaction, acquired directly from a private owner in North Carolina.
52TEN, a Scottsdale based company is led by the team of Jack Martin, and Nate Pattee.
“This park will add some diversity to the portfolio,” says Nate, Principal at 52TEN, “The property presents more of an operational value-add opportunity and we are excited to own it.”
Safford RV Park is located in a great location, is the newest park in the city, and offers larger lots than most parks with only about 11 spaces per acre. The strategy at this park will be to establish top tier management, install state of the art software and operational procedures, and complete the capital improvements that the previous ownership left behind.
The Safford RV Park fits perfectly into 52TEN’s strategic target market niche focus of acquiring underperforming mobile home and RV parks, in fundamentally good locations, and turning them into higher quality properties. Even with a shorter-term strategy in place, 52TEN will simultaneously achieve stable cash flow and a significant profit for the partnership.
52TEN partners with qualified investors in mobile home park and RV park investments. Their recession-resistant real estate strategy is designed to provide protection, predictable income, and peace of mind through volatile market cycles.
“This strategy is a conservative solution for times of economic volatility,” says Jack, “It’s an alternative that most people have not heard of, yet it’s one of the smartest defensive strategies in real estate.”
52TEN combines lower-risk, income-generating real estate with an investor-centric model and a disciplined business approach. 52TEN is focused on “experience” across all facets of the business, to include the residents and staff at the parks, their contractors and employees, and their investor partners, all of which should expect to receive best experience they’ve ever had.
This content is the perspective of the author and is not intended to be relied upon as a forecast, recommendation or investment advice, and is not an offer or solicitation to buy any securities or to adopt any investment strategy. The information and opinions contained in this content are derived from experience, historic data, and other sources deemed to be reliable, are as of the date of this content, and may change as subsequent conditions vary.