Many MHP assets are subject to long-term ground leases. For ground lessors (land owners) and ground lessees (tenants), we understand that often those ground leases limit the flexibility and financial options, especially if partners of the respective groups have different goals.
As a company, we have bought MHP land subject to ground leases and have separately bought remaining terms of ground leases. At times, this has meant that we have miniscule returns and need to be patient for years. We are able to and willing to engage in these situations because we are long-term owners and are patient.
Because we have worked on so many of these situations, we are able to quickly analyze how we can provide you with maximum value and the smoothest transaction possible.