{"id":1004476678,"date":"2020-09-09T10:02:58","date_gmt":"2020-09-09T18:02:58","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004476678"},"modified":"2025-02-19T03:53:10","modified_gmt":"2025-02-19T11:53:10","slug":"capital-square-buys-southwest-florida-mhc","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/capital-square-buys-southwest-florida-mhc\/","title":{"rendered":"Capital Square Buys Southwest Florida MHC"},"content":{"rendered":"
\"\"<\/a>

Harbor View. Image courtesy of Capital Square 1031<\/em><\/p><\/div>\n

Capital Square 1031 has acquired Harbor View, a 55+ age-restricted manufactured housing community in Port Charlotte, Fla. Public records show that Walker & Dunlop originated a $3.6 million Fannie Mae acquisition loan for the new owner, set to mature in 2030. The purchase of the 147-homesite property marks the second investment since the company launched its manufactured housing community investment program<\/a> in mid-July.   <\/p>\n

Located at 24325 Harbor View Road on the Peace River waterfront, the community sits on 26 acres and is some 2 miles from Interstate 75, as well as approximately 3 miles from several retail and dining options. At the time of sale, there were 38 vacant sites on the property, according to Louis Rogers, founder & CEO of Capital Square 1031. Rogers also noted that the average rent was $448, some 33 percent less than the submarket average of $670.<\/p>\n

Limited stock<\/h2>\n

The company intends to invest $4.5 million in capital improvements to the property, according to Rogers. These improvements will include the addition of a new clubhouse and office, community center with pool, as well as a new dock. In addition, upgrades will include improved signage, landscaping, roads, driveways, curbs and riverfront beach area.  <\/p>\n

“As an asset class, manufactured housing communities are unique as they are considered one of the most affordable homeownership options in the U.S.,” <\/em>Whitson Huffman, <\/em>chief strategy & investment officer at Capital Square 1031, told Commercial Property Executive<\/em>. And investors can take advantage of the exceptional supply-demand relationship, he explained, due to a new-supply shortage nationwide. “Only 10 new manufactured housing communities opened nationally over the past 20 years,” <\/em>Huffman added.<\/div>\n","protected":false},"excerpt":{"rendered":"

The company financed the acquisition of the Harbor View community with a $3.6 million Fannie Mae loan.<\/p>\n","protected":false},"author":748,"featured_media":1004476687,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21783,21742],"tags":[49717,32910,49513,44213],"class_list":["post-1004476678","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-investment","category-latest","tag-capital-square-1031","tag-fannie-mae","tag-manufactured-housing","tag-walker-dunlop"],"acf":[],"yoast_head":"\nCapital Square Buys Southwest Florida MHC - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/capital-square-buys-southwest-florida-mhc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Capital Square Buys Southwest Florida MHC\" \/>\n<meta property=\"og:description\" content=\"The company financed the acquisition of the Harbor View community with a $3.6 million Fannie Mae loan.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/capital-square-buys-southwest-florida-mhc\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-09T18:02:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-19T11:53:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/Harbor-View-9-e1599650802767.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1104\" \/>\n\t<meta property=\"og:image:height\" content=\"828\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lucia Morosanu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/capital-square-buys-southwest-florida-mhc\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/capital-square-buys-southwest-florida-mhc\/\",\"name\":\"Capital Square Buys Southwest Florida MHC - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/capital-square-buys-southwest-florida-mhc\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/capital-square-buys-southwest-florida-mhc\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/Harbor-View-9-e1599650802767.jpg\",\"datePublished\":\"2020-09-09T18:02:58+00:00\",\"dateModified\":\"2025-02-19T11:53:10+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1077c2cf363c47bc75d1ab4c42b53bb5\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/capital-square-buys-southwest-florida-mhc\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/capital-square-buys-southwest-florida-mhc\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/capital-square-buys-southwest-florida-mhc\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/Harbor-View-9-e1599650802767.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/Harbor-View-9-e1599650802767.jpg\",\"width\":1104,\"height\":828,\"caption\":\"Harbor View. 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