Safe Affordable Housing Communities
BLUE SKY
PARKS
Why Mobile Home Parks?
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Recession Resistant Asset Class
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Cash Flow Quickly
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Forced Appreciation / Value Add
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Reduced and Stable Operating Expenses
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Impact with Affordable Housing
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Mobile Home Parks
INVESTMENT OVERVIEW
Blue Sky Parks LLC is a private real estate investment firm providing accredited investors with exclusive access to high-yield investments in the Mobile Home Park vertical.
Our fundamental strategy is to assemble a diversified portfolio of low-risk, high cash-flow mobile home park assets with the goal of delivering capital preservation, consistent quarterly cash-on-cash income paired with equity growth.
We achieve this objective by acquiring, then adding-value or repositioning under-valued, mismanaged, sub-performing, or improperly capitalized income-producing assets. Investing passively allows you to get the cash flow and tax benefits of owning real estate, without the headaches of being a landlord.
Status for 2024
Why invest in mobile home parks in 2024?
According to Manufactured Housing Institute, In towns across the country, workers are struggling to make ends meet – and the high cost of housing is a big part of the problem.
Manufactured housing is already a major part of the solution. More than 22 million people in the U.S. live in manufactured housing (about 1 in 15 Americans) — homes that are built to a federal standard in factories and typically placed on land that the homeowner owns or on rented lots in communities of manufactured homes. In many parts of the U.S., homes like these are the least expensive kind of housing available without a government subsidy.
Although some existing mobile home parks have expanded, only approximately over 310 plus new mobile home parks have been built in the last two decades. And institutional ownership is tiny — 15% to 20% of the overall investment-grade market is owned by REITS, with only to 2% to 3% owned by other institutional owners.
Approximately 5,000-6,000 manufactured housing communities in the U.S. are institutional quality. Residents typically own their mobile homes but rent the property from park owners. And because the structures themselves aren't really all that mobile, most homeowners tend to sell rather than move them, money managers say. That contributes to the stability of the cash flow of mobile home parks.
There are still a lot of mom and pop owners meaning it’s an industry ripe for disruption and acquisition.
What We Do
FIND YOUR IDEAL INVESTMENT
Purchase
We source and acquire Mobile Home Parks with a very specific set of criteria. We focus on immediate cash flow for investors – while also maximizing equity growth through forced appreciation in value-add communities.
Manage
We provide in-house management – with over 35 years of combined experience – working efficiently to increase income, decrease expenses, and manage tenant satisfaction. This helps drive Net Operating Income and ultimately, investor returns.
Cash Out and Repeat
We anticipate focus on large equity growth and value-add upgrades. We also know that regular cash flow is important and expected, so we plan in advance for maximum value add first and then shift to our exist strategies quickly.