Nashville, TN (October 29, 2020) – The Firm, Inc., a National Manufactured Housing Community Investor/Operator, with the investor group, successfully completed the sale of Oakwood Mobile Home Park in Clarksville, TN. The project demonstrated meaningful improvements of the homes and community for residents, and led to a successful investment exit for the investor group. The Oakwood Community was yet another textbook example of the professionalism and quality of work that The Firm, Inc. engages in with investors and communities across the United States.
The year 2020 presented everyone with completely uncharted times and industry performance was extremely uncertain. In applying their proven process to this project, The Firm, Inc. increased community performance across the board in Oakwood.
The Firm, Inc. highlights for the Oakwood Community are:
• Increased rent revenue by 30%
• Converted 27 out of 35 Park Owned Homes to Resident Owned Homes
• Created a website
• Implemented a Social Media Strategy
• Improved occupancy and collections.
• Completed park “Curb Appeal” projects.
“Once again, our entire Team made this project flow so smoothly! Although not as big of a challenge as we’ve have had in the past, I was super impressed by the way we came into the project and just made things happen. In addition to our Team, our strategy played a huge role in the success in Oakwood. We appreciate the opportunity presented to us by the investor team and look forward to working with them on future projects”, said Kirby Horton, CEO of The Firm, Inc.
“We are so proud of the results of this project, including significant improvements in the homes and in the overall appearance and feel of the community, which led to a positive investment result. Kirby and his team brought focus, intensity, urgency, and really worked well with the investor group objectives. We are impressed by the team at The Firm, and look forward to additional projects” said David VanderLugt, representative of the investor group.
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 850-445-4319 or john.chason@thefirmmhp.com.