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December 15, 2024
A Look Back as We Reach Forward: Suncrest Capital's Investment Success Stories
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As we wind down the year, there’s no better time to reflect on the achievements and positive transformations made possible by innovative strategies. Suncrest Capital has had an incredible impact on communities through its thoughtful and effective approach to revitalizing mobile home parks (MHCs). Let’s take a moment to dive into some of their standout success stories and see how they’ve turned opportunities into thriving investments.
The Iowa MHC Portfolio: A Community Transformed
Suncrest Capital acquired a portfolio of mobile home communities in Iowa, encompassing 299 units. This acquisition presented a significant opportunity to revitalize these neighborhoods while enhancing their value. Through strategic action and commitment, the results were nothing short of impressive.
Key Achievements in Less Than a Year:
1. In-Filling and Rehabbing Homes: Suncrest focused on addressing vacancies by in-filling 10 additional homes. They also rehabilitated existing homes, making them safer, more attractive, and more livable for residents.
2. Water Sub-Metering: By installing sub-meters, Suncrest empowered residents to take charge of their water consumption. This initiative not only encouraged conservation but also introduced a new revenue stream by billing back for water usage.
3. Increased NOI by 20%: These efforts led to a remarkable 20% increase in Net Operating Income (NOI), showcasing the power of thoughtful upgrades and efficient management.
This transformation demonstrates how investment in infrastructure directly benefits residents by improving their quality of life. Safe, updated homes foster pride in ownership and community belonging, while water sub-metering helps families manage expenses more effectively. For investors, the 20% NOI increase underscores the tangible rewards of smart, socially conscious improvements.
Missouri MHC Portfolio 1: Quick Wins for Lasting Impact
This 219-unit portfolio demonstrated how swift action can yield incredible results. Within the first three months of ownership, Suncrest:
1. Installed Sub-Meters: Empowering residents to manage their water usage while creating a new revenue stream.
2. Moderate Rent Adjustments: Increased rents by just $20, ensuring affordability while boosting income.
3. NOI Increased by $90,000: This resulted in a valuation increase of over $1.2 million. With plans to in-fill more homes, the value will only continue to grow.
Missouri MHC Portfolio 2: Ahead of Schedule and Thriving
This larger portfolio of 465 units, purchased in October 2022, quickly became another success story. Suncrest’s strategy included:
1. Sub-Meter Installation: Providing accurate billing for water usage and reducing waste.
2. Repairing Water Leaks: Improving infrastructure efficiency.
3. Achieving 6% CoC Returns: Suncrest reached this milestone a full four months ahead of schedule, further solidifying their effective management practices.
Southern NOLA RV Park: Consistent Excellence
Acquired in October 2023, this 97-unit RV park is already yielding impressive results:
1. Cash-on-Cash Returns: Consistently achieving 17% cash-on-cash returns.
2. Strong Monthly Performance: With an NOI of $79,000 and a net cash flow of $42,000 each month, this property is on a trajectory of continued success.
3. 100% Occupancy: Combined with annual lot rent increases, the future looks even brighter for this investment.
Why This Matters
Suncrest Capital’s approach goes beyond financial performance. By improving infrastructure, modernizing homes, and fostering a sense of community, they’re creating lasting value for both residents and investors. Each project is a testament to their ability to balance social responsibility with profitability.
For socially conscious investors, knowing their contributions are revitalizing communities can bring an added sense of purpose during the holiday season. Investing with Suncrest Capital means making a difference in real people’s lives—ensuring that families have a safe and welcoming place to call home. This alignment of profit and purpose allows investors to fully enjoy the fruits of their efforts, confident that they’re contributing to a brighter future.
A Bright Future Ahead
As we step into the new year, Suncrest Capital’s success stories remind us that real estate investing can be a force for good. Looking forward, Suncrest aims to expand its impact by partnering with more investors like you—those who value both financial growth and community enrichment. By aligning with investors who share their vision, Suncrest can continue to grow its portfolio while transforming even more neighborhoods into thriving communities.
Future goals include:
1. Expanding Community Revitalization Efforts: Identifying new opportunities to apply proven strategies in underperforming properties.
2. Empowering Investors Through Purposeful Growth: Providing opportunities that balance financial returns with meaningful contributions to society, so investors can feel proud of their impact.
3. Strengthening Investor Relationships: Building a network of like-minded investors who share the belief that profits and community betterment go hand in hand.
Let’s look forward to more inspiring transformations in 2024. Whether you’re an investor or a resident, Suncrest Capital’s vision is proof that with the right strategy, everyone can win.
Stay tuned for more updates and case studies as we celebrate the progress made in the communities Suncrest Capital serves, and contact us for more information about becoming an investment partner. Here’s to building brighter futures together!
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