Transforming Communities and Driving Results: Affordable Housing Alternatives
ROSWELL, GA. (December 11, 2024) – Forrest Street Partners, a leading real estate investment firm, announced the sale of Dogwood Blossom, a Manufactured Home Community (MHC) in Douglasville, GA, marking a strong and active close to the year.
Acquired in 2021, Forrest Street Partners embarked on a transformative mission to provide Douglas County with a new, affordable housing option. The 78-lot park received significant investments and infrastructure upgrades, including road and parking pad repaving, water line repairs, sewer enhancements, power upgrades, and landscaping improvements. The property was also connected to the city water supply, ensuring long-term viability and sustainability. In collaboration with Douglas County officials, Forrest Street Partners achieved full compliance for the property and introduced 61 new homes, boosting occupancy rates from 20% to an impressive 96%. These efforts reflect the firm’s commitment to delivering quality, community-focused housing.
This successful transaction was made possible with the support of banking partner, Thomas Hamlin of First Horizon, and Parker Kelly of BWE Investment Sales handled the sale.