March 26, 2019
Sahuarita, AZ – 52TEN, a mobile home park investment company, is pleased to announce the acquisition of Sahurita MHP, a 50-space park located in Sahuarita, Arizona. The firm acquired the property with 100% private equity and did not place debt on the asset. This was an off-market transaction, acquired from a private owner who lived at the park.
52TEN, a Scottsdale based company is led by the team of Jack Martin, and Nate Pattee.
“This was a rare opportunity to acquire a park from the people who built it,” says Nate, Principal at 52TEN, “The park has great add-value characteristics; large lots, mature landscaping, a quiet setting, and an opportunity to expand.”
The strategy at Sahuarita will be to renovate the park and rebrand it as “Santa Rita Heights”. The park is located just south of Tucson, near the retirement golf community of Green Valley, and is home to residents that appreciate the quiet setting with a close proximity to work and local amenities.
The property was selected for acquisition because it offers a stable asset with room to grow rents to market and improve operational inefficiencies. A three to five-year strategy to renovate the property and stabilize the investment makes it appropriate for a longer-term hold.
Santa Rita Heights 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. With a longer-term strategy in place, 52TEN will simultaneously achieve stable cash flow and the potential for significant profit for the partnership.
52TEN partners with qualified investors in mobile home 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.
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