FORREST STREET PARTNERS SELLS SOUTHERN PINES IN LITTLE ROCK, ARKANSAS
From Vision To Victory, Delivering Both Returns And A Positive Community Transformation
ROSWELL, GA (November, 2023) – Forrest Street Partners (FSP) closes the sale of Southern Pines, a 255-site manufactured home community (MHC) in Little Rock, AK. Purchased in 2022, Southern Pines represented the first community purchased by the firm in Arkansas. For the last twenty (20) months, FSP made significant improvements and invested back into this community, increasing the number of homes, upgrading facilities, and improving the roads before exiting the property in September 2023.
Forrest Street successfully established and maintained strategic partnerships through the recent market shifts, creating a solid return for their investors. This netted in the ability to close the deal efficiently and profitably alongside banking partner, Thomas Hamlin, First Horizon, and broker, Parker Kelly, BWE Investment Sales. FSP remains focused on its investment strategy of seeking good opportunities that allow for the creation of more affordable housing options throughout the Southeast, enhancing the communities they currently own, while keeping an eye on the market for future opportunities to grow when the time is right. With multiple properties under contract for sale and purchase, Forrest Street is looking to close out a successful 2023.