{"id":1004482852,"date":"2020-10-06T04:50:47","date_gmt":"2020-10-06T12:50:47","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004482852"},"modified":"2025-02-19T03:52:11","modified_gmt":"2025-02-19T11:52:11","slug":"capital-square-spends-36m-on-orlando-area-mhc","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/capital-square-spends-36m-on-orlando-area-mhc\/","title":{"rendered":"Capital Square Pays $36M for Orlando-Area MHC"},"content":{"rendered":"
\"\"<\/a>

Maplewood Estates. Image courtesy of Capital Square 1031<\/em><\/p><\/div>\n

Less than one month since the purchase of Harbor View in Port Charlotte, Fla.,<\/a> Capital Square 1031 has expanded its presence in the Sunshine State with the acquisition of Maplewood Estates. Located in Port Orange, the 412-site manufactured housing community is aimed at residents over 55 and is the company\u2019s third purchase in Florida this year.<\/p>\n

According to public records, All Aboard Properties sold the four- and five-star asset for $36 million. Walker & Dunlop originated $27.9 million in Fannie Mae acquisition financing for the new owner. The loan is set to mature in 2030.    <\/p>\n

The community is located at 1000 Chamberlin Blvd. on 77 acres, less than 2 miles from several dining and retail choices, some 4 miles from Interstate 95 and almost 60 miles from downtown Orlando. Common-area amenities include a pool with hot tub, computer lab and activity hall. The new owner intends to implement an improvement program for the property.<\/p>\n

Maplewood Estates was 94.4 percent occupied at the time of sale, according to Whitson Huffman, chief strategy and investment officer at Capital Square 1031. The average occupancy rate for four- and five-star manufactured communities in Florida aimed at residents over 55 was 96 percent in May\u2014a 5.2 percent increase year-over-year and up 4.9 percent since 2014, according to Capital Square.<\/p>\n","protected":false},"excerpt":{"rendered":"

Walker & Dunlop originated a $27.9 million Fannie Mae loan for the acquisition of Maplewood Estates in Port Orange, Fla.<\/p>\n","protected":false},"author":748,"featured_media":1004482876,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21783,21742,1493],"tags":[49717,32910,49513,44213],"class_list":["post-1004482852","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-investment","category-latest","category-orlando","tag-capital-square-1031","tag-fannie-mae","tag-manufactured-housing","tag-walker-dunlop"],"acf":[],"yoast_head":"\nCapital Square Pays $36M for Orlando-Area 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-spends-36m-on-orlando-area-mhc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Capital Square Pays $36M for Orlando-Area MHC\" \/>\n<meta property=\"og:description\" content=\"Walker & Dunlop originated a $27.9 million Fannie Mae loan for the acquisition of Maplewood Estates in Port Orange, Fla.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/capital-square-spends-36m-on-orlando-area-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=\"2020-10-06T12:50:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-19T11:52:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Maplewood-Estates-e1601984994385.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1854\" \/>\n\t<meta property=\"og:image:height\" content=\"1390\" \/>\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-spends-36m-on-orlando-area-mhc\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/capital-square-spends-36m-on-orlando-area-mhc\/\",\"name\":\"Capital Square Pays $36M for Orlando-Area MHC - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/capital-square-spends-36m-on-orlando-area-mhc\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/capital-square-spends-36m-on-orlando-area-mhc\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Maplewood-Estates-e1601984994385.jpg\",\"datePublished\":\"2020-10-06T12:50:47+00:00\",\"dateModified\":\"2025-02-19T11:52:11+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1077c2cf363c47bc75d1ab4c42b53bb5\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/capital-square-spends-36m-on-orlando-area-mhc\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/capital-square-spends-36m-on-orlando-area-mhc\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/capital-square-spends-36m-on-orlando-area-mhc\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Maplewood-Estates-e1601984994385.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Maplewood-Estates-e1601984994385.jpg\",\"width\":1854,\"height\":1390,\"caption\":\"Maplewood Estates. 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