Nashville, TN (December 22, 2021) – The Firm, Inc., a Regional Manufactured Housing Community Investor/Operator, successfully completed the in-fill, total rehabilitation, and sale of Live Oaks Manufactured Home Community and Ponderosa Manor Manufactured Home Community located in Mt. Washington, KY and Elizabethtown, KY respectively. Together these two parks comprised of 259 lots. Both of these communities were examples of the professionalism, quality of work, and perseverance that The Firm, Inc engages in with investors and communities across the country.
In a short 13 months, The Firm, Inc executed an extensive plan to acquire, rehabilitate, fill, and sell both Live Oaks and Ponderosa Manor with the result being two great communities for residents to call home. The year 2021 had a few challenges from labor and material shortages and logistics issues, but even with those hurdles, The Firm, Inc was able to deliver on time with their same high-quality standards.
The Firm, Inc. highlights for the Live Oaks and Ponderosa Manor Communities are:
- Brought in 48 new homes
- Skirted, power washed, and Kool sealed existing homes
- Paved the streets
- Completed landscaping project to improve overall curb appeal
- Improved collections- 98% collections over the last 12 months.
“The Firm, Inc took on one of its biggest challenges with these parks both in project scope and community size. We were faced with many roadblocks throughout the course of the project but we were able to pivot when needed to complete the project on time. This was a total team effort from all departments at The Firm and we really pulled together like the well-oiled team we are.”, said Kirby Horton, CEO of The Firm, Inc.
“Kirby and the whole team at The Firm are great partners to work with. We have tackled many projects together, but this two-park portfolio was by far the largest to date. These parks have been completely transformed into safe, clean communities that residents can be proud of. Our partners and investors were very pleased with the value add and quick completion of this investment” said Jacob Harcrow, the managing member for the ownership entities of Live Oaks MHC and Ponderosa Manor MHC.
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 615-482-0987 or kirby.horton@thefirmmhp.com and 231-564-0899 or pam.modos@thefirmmhp.com.