AmeriCasa

Jones Lang LaSalle (“JLL”), on behalf of the owner, is pleased to present the opportunity to purchase La Villa Hermosa and The Village at Lake Conroe, two Manufactured Housing Communities located in Conroe, TX and Corpus Christi, TX, respectively. Potential investors have the unique opportunity to continue the business plan by capitalizing on the existing homes while acquiring the remaining land at a low basis. Demand for manufactured housing continues to improve as new supply is limited primarily due to challenges obtaining the necessary entitlements. The asset class has experienced strong occupancy stability and rent growth. The compelling narrative created by favorable investor returns, and a growing need for affordable living options continues to attract attention from institutional and private capital, further driving value.

The Village at Lake Conroe sits along West FM 1097 and offers stunning views of Lake Conroe. It is surrounded by over 41,000 residents in a 5-mile radius within Conroe, one of the nation’s fastest-growing cities driven by corporate relocations, strong tenant demand, and population growth. As a result of the city’s diverse range of employment opportunities, there is a strong demand for affordable housing options, positioning manufactured homes favorably for the area’s demographic.

La Villa Hermosa is located in Corpus Christi, the Coastal Bend region of Texas, which has experienced an accelerated economy due to the high level of investment in the manufacturing and petrochemical industries over the past decade. Bolstered by energy exports, the Port of Corpus Christi is the fastest-growing major port since 2013, showcasing a 238.3% increase in activity. Demand in the Corpus Christi market is extreme, evident in an estimated housing deficit of 3,000 units per year.