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June 22, 2023 | Scottsdale, AZ

52TEN acquires 308 spaces, 2 parks in Texas

Mobile home park investment company expands to the Lone Star State

52TEN, a firm specializing in mobile home park investments, is pleased to announce its acquisition of Stone Haven and Oak Haven, totalling 308 spaces in the Bryan/College Station market.

Stone Haven and Oak Haven (formerly named Village 21) are located across the street from one another and mark the ninth and tenth parks for 52TEN. This recent transaction was completed off-market, directly with the park’s former owner, using a combination of private equity and debt.

“Stone Haven represents the best of the best when it comes to manufactured housing communities in this submarket,” said Nate Pattee, 52TEN co-founder. “It is a rare, 20-year-old asset with the look and feel of a housing subdivision, complete with security gates, oversized lots, wide streets with sidewalks, and private on-site storage units. We look forward to strategically improving the community and giving our residents the best experience.”

“Oak Haven RV is located directly adjacent to Stone Haven. This will give every full time RVer, tiny home buyer, or manufactured home buyer a 5-star option in the submarket,” Pattee added. “Our capital improvement plans are extensive, and we look forward to executing for our residents and the community.”

To improve the parks and implement its long-term investment focus, 52TEN will add amenities, fill vacant spaces with new homes, and complete necessary capital improvements to the properties.

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

“Mobile home park investments have emerged as the darling of real estate investments in an uncertain market,” said Jack Martin, 52TEN co-founder. “Stone Haven and Oak Haven 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. 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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