- VALUE ADD MOBILE HOME PARK INVESTING
Keel Team Real Estate Investments
Experience Matters.
Alternative Investments With A Tactical Approach.
$ 0
Paid to Our Investors Since 2020
Mobile Home Park Investments Are Our Bread & Butter
Mobile Home Park Investing
Valuable Insight Into Industry Trends
Valuable industry trend insights for mobile home parks drive profitability, resident satisfaction, and competitiveness by informing proactive decision-making based on emerging demands, sustainable living, community amenities, and technology integration.
Operations & Financial Performance Analyzation
Operations and financial performance analysis are vital for mobile home park investing as they enable investors to evaluate profitability, efficiency, and financial health, aiding in informed investment decisions and optimizing return on investments.
Social & Economic Benefits in Affordable Housing
Mobile home parks play a vital role in society by offering affordable housing options, fostering community development, promoting social cohesion, ensuring neighborhood stability, and contributing to local economic growth through resident engagement and spending.
Educational Resource For Passive Investing
Keel Team Real Estate Investments provides valuable educational resources for passive investors, providing comprehensive knowledge and guidance to try and help passive investors make educated decisions that hopefully lead to successful investments. However, investment success cannot be guaranteed.
Case Studies
Each case study provides a detailed account of our strategic approach and the positive impact we’ve have had on these mobile home parks. Through rigorous due diligence, and innovative management techniques, Keel Team has consistently achieved exceptional results.
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Full Cycle MHP Deals
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Under Management
MHP | St.Louis, MO - MSA
MHP | Jefferson County, PA
MHP | Youngstown, OH
In May 2018, the Keel Team acquired an 80-lot mobile home park located outside of Youngstown, Ohio. The purchase price of the project was $660k, with an initial equity investment of $375.17k. All partners provided recourse debt as collateral, and no preferred return was paid, leading to the reinvestment of all excess cash flow. The first cash-out refinancing event occurred on March 26th, 2020, with a $1.38M+ distribution to the investors.
MHP | Chicago, IL
In December 2017, the Keel Team and investment partners purchased a 112 lot mobile home park in Indiana near Chicago, IL. The purchase price of the project was $1.M, with an initial equity investment of $525k. All partners provided recourse debt as collateral. Investor distributions totaled at $894.3K from the refinancing event.
MHP | Memphis, TN
In June 2018, the Keel Team and investment partners purchased a 61 lot mobile home park outside of Memphis, TN. The purchase price of the project was $1.6M, with an initial equity investment of $361.2K. All partners provided recourse debt as collateral. Investor distributions totaled at $845K from the refinancing event.
Infilling
Utility Bill-Back
Renovation
Deferred Maintenance
Rent Increases
Storage Units
Improvements
Expense Management
Infilling Mobile Homes on Vacant Lots
The process of filling vacant lots with new and used mobile homes to maximize occupancy rates and revenues. The higher the income that a mobile home park generates usually means the value will be higher as well.
Billing Back Utilities
Utility bill backs in mobile home parks benefit investors by reducing their financial burden for utilities, transferring the responsibility to residents. This can increase profitability, improve cash flow, and align expenses with actual usage.
Renovating Vacant Park Owned Homes To Sell
Renovating vacant mobile homes to be sold allows mobile home park investors to potentially increase the value and appeal of their mobile home park properties through higher occupancy and gross revenue numbers.
Deferred Maintenance
Mobile home parks with deferred maintenance present an opportunity to acquire the park at a lower cost. By addressing the deferred maintenance, investors can enhance property value, attract tenants, and increase rental income, leading to improved ROI.
Modest Rent Increases
Rent increases provide the benefit of generating additional income for the park owners, allowing them to cover rising operating costs, make necessary improvements to the property, maintain profitability, and provide quality services and amenities to residents.
Storage Units Increase Rental Income
Adding storage units in mobile home parks offers the benefit of generating additional revenue streams through rental income. It provides convenience for residents, enhances property value, and attracts potential tenants seeking on-site storage solutions.
Mobile Home Park Improvements
Improving a mobile home park with new asphalt roads, LED street lights, online rent payments, new signage, fencing, mailboxes, lot number signs, and landscaping enhances the overall experience, attracts tenants, and reduces operational costs.
Expense Management
We're a leader in the manufactured housing industry.
Keel Team Real Estate Investments is a leader in the manufactured housing industry due to our specialized focus on acquiring and operating mobile home parks, our extensive industry expertise, and our commitment to providing affordable housing options.
Specialized Focus
We have a deep understanding of Mobile Home Park investing and operations.
Industry Expertise
Almost a decade of experience in management and investing experience in our industries.
Industry Commitment
We value being a provider of affordable housing options in the United States.
Proven Track Record
We maintain a proven track record of success for our own investments as well as our passive investors.
As Seen On
Mobile Home Park Investments
Mobile home parks can be great investments due to their diverse tenant base, low operating costs, and historical potential for strong returns. Additionally, the growing demand for affordable housing options and the limited supply of new mobile home parks creates a favorable market for investors looking to enter the sector.
YouTube
Podcasts
Interview with Jeff Flynn of Aspen Ridge Capital
In this episode, Andrew Keel sits down with Jeff Flynn, a Navy veteran and founder of Aspen Ridge Capital, to discuss his remarkable transition from military service to mobile home park investing.
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Interview with Jake Bond and Paras Shah of GSC Investments
November 5, 2024 -
Top Risks: Mobile Home Parks In Tertiary Markets
October 8, 2024
Passive Investor Testimonials
Travis E.
I've been investing with the Keel Team for a while now, and they are my go-to real estate investing company. I grew up around the MHP, Self-Storage, Multi-Family environment and my family invested heavily in this space. I knew this was a space that I wanted to invest in long-term, but with my current business interests, direct involvement in that space became too much to manage on my own. Investing with the Keel Team is easy and the results have been unmatched. I receive all of the information I need to quickly and efficiently vet a deal, and once the decision is made to move forward, the documents are presented in a clear and concise manner to get up and going. Distributions and tax documents are provided on a consistent basis and I couldn't be happier. If I have the funds to invest, the Keel Team is the first location I look to invest, and I look forward to continuing that relationship. I highly recommend you do the same.
Joe H.
I would recommend that any investor consider Keel Team as part of a diversified portfolio as Andrew and team produce consistent income as well as growth. I have been with Andrew several years as he is honest explaining all risks and rewards. I was considering purchasing a mobile home park as a solo investor and realized after attending the seminar that learning and implementing all the procedures would have been too much while running a full time business. You are getting all of Andrew's experience and expertise avoiding the learning curve on your own. So Andrew is a good fit for any investor. We will continue to add investment with Andrew as this will contribute to our retirement income.
Leon H.
Recently finished my first deal with the Keel Team, they really knocked the ball out of the park! The team started the project when covid-19 was raging spread. Despite this challenging operating environment, they delivered results ahead of every milestone while communicated with limited partners with quarterly reports and transparent operational documents. The project was not only completed a year ahead of schedule, but the higher asset quality also brought many optionality's at exit refi. The deal ended with a refi rate that’s about 200 bps below expectation while keeping the asset with a low-risk profile. I am thankful for the Keel team’s professionalism and trustworthiness. I am partnering with them with more deals in the future as I have not experienced a more hands-off investment than this.
Joel M.
Andrew and his team have executed the business plan on the mobile home park we invested in beautifully! Not only are they doing what they outlined in the plan, they are doing it ahead of the schedule! Needless to say I am very pleased, especially as a passive investor. It's very gratifying to get results like this and be kept in the loop along the way. The communication has been timely and accurate and I continue to be impressed with the professionalism of the Keel Team.
Isaac B.
There aren't many operators who say what they do and do what they say, but Andrew and the excellent Keel Team are the exception. They operate with absolute transparency and honesty, hit proforma projections, and generally exceed expectations. In this investing climate, finding a group like the Keel Team is a lighthouse in the stormy harbor.
General Testimonials
Alan Bush
It has been a pleasure working with the Keel Team/4brothers group/s! We are now on our 4th facility loan and it has been an interesting opportunity. When they initially contacted us, it was a totally cold call. Reliance State Bank considers ourselves a Community Bank, with virtually all of our customers located within our marketing area. The initial financing request was for facilities within our trade area, but ownership entities were not.
All members of this group have been fantastic to work with. From the start, their financing requests include very detailed info about the existing ownership entities, cash flow studies (past and present), community details, complete financials and future plans to implement efficiencies going forward. They provide historical information about their existing ownership locations.
They are very responsive and willing to provide timely info needed. One of their key people in the process is Mariska Jackson, who works from South Africa. She is an amazing young lady to work with, as professional and nice a person as you will find anywhere. On our recent project, we have been working more with Wes Coetzee, equally impressive.
Darryl Jorgenson
I am a business lender with a regional bank and have originated loans for the Keel Team and their affiliates on multiple occasions. The Keel Team members are professional and very knowledgeable about the real estate industry. Inevitably many challenges will arise throughout the loan process, the Keel Team helped to resolve every challenge efficiently and quickly. It was a pleasure working with the entire team and I hope to work with the Keel Team many more times in the future.
Tom Wallace
Our experience working with Andrew Keel, his team, and the 4 Brothers team was excellent. Working directly with Andrew and his team solidified the loan terms to which we would mutually agree. Thereafter, his team, and the 4 Brothers team, were very helpful and communicative to provide the information we needed for underwriting and to bring the deal to a successful closing. The working relationship was very good, and we look forward to more opportunities to work with the Keel team and 4 Brothers team in the future.
Ram Levinger
The Keel Team and I have closed between $10-$20 million in the Mobile Home Park and Self-Storage industries over the last six years. They have repeatedly demonstrated professionalism and expertise in their field by consistently providing pertinent information in a timely manner. Their understanding and communication of their own transaction history, as it relates to historical metrics and market data, makes it easy to determine loan eligibility and lender interest. They have always paid their loans on time and have been extremely responsive borrowers. I look forward to working with them more in the future.