Nashville, TN (December 31, 2020) – The Firm, Inc., a Regional Manufactured Housing Community Investor/Operator, successfully completed a total rehabilitation and sale of the Live Oak Mobile Home Park located in Summerdale, AL. Live Oak was another textbook example of the professionalism and quality of work that The Firm, Inc. engages in with investors and communities across the Southeast.
In less than 3 years, The Firm, Inc. executed the acquisition, total rehabilitation, and sale of Live Oak and created a great community for residents to call home. Live Oak was a massive project with many challenges that required a definite commitment to teamwork. Persistence was a key element in which the entire team at The Firm, Inc. applied a “make it happen” attitude to get the job done.
The Firm, Inc. highlights for Live Oak are:
∙ Removed 6 obsolete homes.
∙ Infilled 16 new Legacy homes.
∙ Increased occupancy to 100%
∙ Converted most Park Owned Homes to Tenant Owned Homes
∙ Improved collections to over 90%.
∙ Paved all streets.
∙ Developed 10 new lots.
“We knew going into Live Oak that it was going to be a heavier lift than usual. We had to put on our “development hat” in addition to implementing our normal process. Even with a couple of bumps in the road, by sticking to our system, and with the dedication of our Team we rose to the occasion and ended up with an outstanding park.”, said Kirby Horton, CEO of The Firm, Inc.
The mission of The Firm, Inc. is to assist other Investors and Operators in the revitalization of under-performing manufactured housing communities, for both the community residents as well as their investment partners. They implement a strategy and process that is timely, strategically efficient, and cost effective. For residents, they provide safe, clean, and affordable housing. For investment partners, they provide a proven method of creating significant returns.
The Firm, Inc. can be reached at 231-564-0899 or pam.modos@thefirmmhp.com and 706-223-9812 or gina.cheatham@thefirmmhp.com.