Thursday, June 04, 2020

The Carlyle Group Acquires 4 Mesa Mobile Home Parks For $230M

Sounds kinda crazy, right?
Carlyle Group acquires 4 Mesa mobile home parks for $230M
Above: Aerial view of Main Street in downtown Mesa, Arizona.REAL ESTATE | 11 hours ago | 
The Carlyle Group made a huge splash in Mesa, acquiring four mobile home parks in the city for a total of $230 million, according to the real estate tracking website Vizzda.com. The portfolio sale consists of a total of 1,583 mobile home stalls on 187 acres, for an average of $145,293 per unit. The seller of the portfolio was Arizona Communities Ltd.
The four Mesa mobile home parks involved in the sale are
  • the Citrus Gardens Mobile Home Park at 4065 E. University Dr.; 
  • the El Mirage Mobile Home Park at 305 S. Val Vista Dr.; 
  • the Mesa Shadows Mobile Home Park at 205 S. Higley Rd.; and 
  • the Aspenwood Mobile Home Park at 245 S. 56th St.

Here is a breakdown of the four parks involved in the transaction:
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