Haven Village Mobile Home Park

37-Pad Manufactured Housing Community | New Caney, Texas | Acquired September 2016 | Current Holding

KEY FACTS

INVESTMENT OVERVIEW

Haven Village Mobile Home Park is a 37-pad manufactured housing community in New Caney, northeast of Houston. Acquired in September 2016, the property provides current residential income while also offering longer-term land-use potential in a growing Montgomery County submarket.

OWNERSHIP & VALUE CREATION

• Held without mortgage debt, preserving flexibility around the property’s current use and future redevelopment options.
• The site is being evaluated for redevelopment into a planned 86-unit apartment community, creating a potential path to higher residential density.
• The redevelopment concept remains subject to entitlement, financing, construction, and market conditions.

CURRENT POSITION

The December 2024 county appraisal was approximately $900,000, representing an estimated increase of approximately 205% from the acquisition basis. The manufactured housing community remains in operation while the planned apartment redevelopment is evaluated.