TRAVERSE CITY, MI – December 2021 - Abington Emerson Investments LLC closed the acquisition of Suburban Estates Mobile Home Park in Traverse City, Michigan.
Suburban Estates is a 76-unit Manufactured Housing Community located on an estimated 20 +/- Acres adjacent to Downtown Traverse City. The Property features a playground for children, upgraded water system and walking trails to Twin Lakes Park.
The Property was acquired as a value-add investment as the lot rents at the time of acquisition were substantially below market and there is excess land available for expansion and additional units.
“This is the fourth mobile home park investment for Abington Emerson which remains an active investor in the asset class,” commented Johnny Camarena who is responsible for Acquisitions at Abington Emerson.