27-Pad Manufactured Housing Community | Santa Fe, Texas | Acquired July 2016 | Current Holding
KEY FACTS
| Asset Type |
Manufactured Housing Community – 27 Pads |
| Location |
Santa Fe, Texas
|
| Acquired |
July 2016 |
| Financing |
No Mortgage – Held Free & Clear |
| Gross Property Value Increase |
Approximately +424% since acquisition |
| Estimated Value |
$2.61 million – December 2022 |
INVESTMENT OVERVIEW
Quality Mobile Home Park is a 27-pad manufactured housing community in Santa Fe, Texas, in Galveston County southeast of Houston. Acquired in July 2016, the property expanded the principal’s track record beyond conventional apartment and duplex assets into an affordable-housing format serving durable residential demand.
OWNERSHIP & VALUE CREATION
- Held without mortgage debt, reducing property-level leverage and refinancing exposure.
- Operated as a long-term income-producing asset within an affordable-housing segment with limited competing supply in the local market.
- The acquisition diversified the portfolio while maintaining a focus on residential assets in the Greater Houston region.
CURRENT POSITION
The property remains an active holding. Its estimated value was approximately $2.61 million as of December 2022, representing an estimated increase of approximately 424% from the acquisition basis.
LOCATION
Quality Mobile Home ParkSanta Fe, Texas