Repositioning and selling several major RV Parks and Mobile Home Communities across the southeast leads to great returns in 2021.
As our Forrest Street team puts a bow on 2021, we look back on some of our noteworthy achievements. An active year for investing in RV parks and mobile home communities, we were able to make significant improvements to many of our properties across the southeast, bringing new amenities and improved customer experiences to our RV campers and community residents.
At the end of Q4 2021, we sold Jellystone Park in Bremen, GA. Purchased in 2018, this property that has seen an increase in the number of travelers due to several investments made in the property and marketing strategy. Other properties sold include Ponderosa and Live Oaks Mobile Home Communities in Elizabethtown and Mt. Washington, KY. In another strategic move, we purchased Southern Pines in Little Rock, AK. The purchase of this property expands our portfolio westward and offers opportunity to create continued returns for our investors.
We want to thank our partners on these projects who have invested time and energy to support our vision to better these communities. Through our investment in these properties, we added value through the addition of 40+ new manufactured homes, significant road and parking pad re-paving, exterior upgrades, and site amenity improvements. These improvements will go a long way in supporting an improved quality of living for visitors and residents.
With an active pipeline of both acquisitions and dispositions already in the works 2022, follow us on LinkedIn to keep up with our news.