April 20, 2021
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Forrest Street Adds Two MH Parks to their Portfolio

Forrest Street Partners (FSP) purchased two more manufactured home communities (MHC) in the Louisville, KY, market during the 4th quarter of 2020. These parks represent their third and fourth MHP investments, to go along with four RV investments. Live Oaks MHC is located in Mt. Washington, KY, and contains 146 total sites and room to expand. Ponderosa MHC is located in Elizabethtown, KY, and contains 130 total sites. The parks were 71% and 77% occupied, respectively, at purchase allowing ample infill opportunity. Rents are currently below market rates.