GLEN ALLEN, VA–An affiliate of Capital Square RealtyAdvisors, LLC has recently acquired a portfolio of threemanufactured housing parks totaling 1,141 rentable lots in Indianaand Ohio.
“Manufactured housing communities are an attractive investmentopportunity, with increasing demand and a tight market givenbarriers to new construction across much of the US,” saysLouis Rogers, founder and chief executive officerof the Virginia-based Capital Square. “There are a number ofAmericans that are either searching for a manufactured vacationhome, or are seeking a new housing opportunity as traditionalhomeownership becomes economically unfeasible for a growingpercentage of the population. Today, manufactured housing offers anaffordable and high quality alternative.”
The largest community, Timberbrook, is locatedat 54686 County Rd. 19 in Bristol, IN, near South Bend, IN. The103-acre property has 567 lots. Onsite amenities include acommunity center, two swimming pools, two basketball courts, twochildren's playgrounds, off-street parking and on-site management.The community has quick access to I-80 and I-90, and nearly 450businesses sit within a two-mile radius.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
