Our Past Sales
Birchwood Terrace - Balsam Lake, WI - Mike and Diane Voltz
Mike and Diane had owned and operated Birchwood Terrace since they took over for Mike’s father in the 1990s. Throughout the years, they put their heart and soul into the park. When it came time to retire from their full time jobs, Mike and Diane decided they wanted to travel more, but in doing so, they began to have to manage the park from afar. Rather than enjoying their time away, they would be responding to resident calls and trying to coordinate repairs from 5 states away. In 2023, they decided to sell the park and fully enjoy their retirement. Noah approached them about selling, they decided on a list price, and three days after signing the listing agreement, the park was under contract. Within 60 days, the sale was finalized. Mike and Diane were approached by another owner a year prior, but were offered about $100,000 less than what the Midwest MHC Broker team was able to bring them.
3-Park Portfolio - Hamilton, MO - Jeff and Theresa Dalton
After receiving one of our mailers, Jeff and Theresa reached out to the Midwest MHC Broker team in the spring of 2022. A couple years prior, Jeff had been involved in an accident and was not able to keep up with daily tasks in a way that was suitable for him. After weighing their options, they decided it was time to sell the parks and let a new owner take the reins. Jeff and Theresa had been involved in the mobile home park industry, in some fashion, for 30+ years. During that time, they brought in new homes to their parks, upgraded the utilities, and connected on a personal level with many of their tenants. Because of this, and not different from many of our sellers, they wanted their park to go to someone that shared their vision. Enter, the buyer.
The buyer is a Missouri native that was moving back to his roots after years in Colorado. Although he had just sold his business, he wasn’t ready to retire yet and was looking for an investment to occupy his time. The additional land and lots in this portfolio were the perfect fit. Immediately upon purchasing the properties, the buyer laid the groundwork to install more RV lots and began remodeling two park owned homes. He is still working on upgrading the park and bringing it to full capacity.
Longview Estates: Shenandoah, IA - Daryl Long
Daryl Long had operated Longview Estates since he developed the community back in 1972. With paved roads and well-maintained greenspace, Daryl put in the work to establish a tight knit community. However, after 52 years of owning the community, he decided it was time to sell. Daryl first met with Noah, of the Midwest MHC Broker team, in the summer of 2024. After discussing the history of the park, they decided on a price that he would be happy to receive for the property. It was listed in August and was under contract by mid-September. After a couple months of inspections by the buyers, the property was sold just before the new year.
The buyers were new to the industry, but eager to get started. Although the property had some vacancies, the infrastructure established by Daryl provided them with the necessary tools to in-fill homes and bring in new residents to the community. Through the recommendation of the Midwest MHC Broker team, the buyers were able to get in contact with a local manufactured home retailer and mover to establish an in-fill plan soon after closing. Both the buyers and the seller were able to walk away from the closing feeling satisfied with what they had just purchased/sold.
Webb's RV Park - Hartford, IA - Dale and Linda Webb
Dale and Linda Webb created something from nothing when they founded Webb’s RV Park. Dale purchased the bare piece of land where the park now sits in 1977. As an employee of the city of Des Moines, Dale spent his spare time clearing out the land and installing RV lots through the park. In 45 years, Dale and Linda installed 100 RV lots, numerous amenities for their clients, and literally made it their home. After the park took off, they decided to build their forever home right at the entrance of the park.
Eventually, though, Dale and Linda had an inkling to sell the park they dedicated their life to by approaching a local broker. After a year on the market with a different brokerage, the Webbs reached out to Jason about selling their park. Jason had it listed for six months, but he wasn’t able to bring them an offer that satisfied their needs. Two years later, Jason approached them again about listing the property. After re-evaluating the property, Jason and the Webbs agreed to list the park again. This time the park was listed 25% above the list price from 2019. Immediately, our team received numerous offers, but Dale and Linda wanted to hold out for a full price offer.
After just over a month on the market, a local investor approached the team about purchasing the property. With a little bit of negotiation on both sides, the buyer agreed to purchase the property for the full asking price. Today, the park is continuing its operations and is looking to expand its lot count in the coming years.
Casa Bella MHC: Savannah, MO - Jimmie and Mona Bledsoe
Jimmie and Mona reached out to the Midwest MHC Broker team in the summer of 2023, expressing an interest in the sale of the manufactured housing community portfolio. The largest of the 3 communities was initially developed by one of our clients’ parents as an affordable housing option for local area educators. The property held a great amount of sentimental value to our clients, not only being family owned and operated since development, but it was also where they called home for many years.
The Bledsoes had been contemplating a sale and were weighing their options for several years before contacting our team. They had been facing rising maintenance costs and were looking ahead toward future capital expenditures that were planned. Having been active owners in the industry for decades, Jimmie and Mona were well versed in the costs associated with the property, as well as maintenance and improvement costs. After weighing their options and the needs of their tenants, ownership ultimately decided it was time for them to enjoy their retirement.
After a few phone calls and an initial valuation, our team was able to get onsite and meet with the owners. After walking the properties and discussing the ins and outs of properties since development, they decided we were the right brokerage for them.
Prior to signing listing papers, ownership reiterated concern for their tenants, wanting to make sure they wouldn’t be disturbed in the event of a sale. Our team assured our new clients that their property would receive great care, and guaranteed there would be no “local listing” type of marketing taking place.
The sellers wanted the portfolio marketed to our internal qualified buyers list, but they also wanted exposure on niche MHC sites as well, to cast a wider net in the buyer pool. The portfolio was under contract within 30 days of listing, and closed above asking price in the same year.
Areas of Service include: Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, and Wisconsin