Carolina Pines
Off-market acquisition of a Mobile Home Park comprised primarily of Tenant Owned Homes (TOH). The property presented numerous opportunities for value enhancement, including the potential for occupancy growth, operational improvements, and site upgrades. Goldsboro’s expanding economy and population growth bolster the park’s long-term appreciation potential, anchored by its prime location.
Acquired:
July, 2022
Projected IRR:
29.0%
