Own the land. Lease the lifestyle.
We develop and operate attainable-home communities on a land-lease model, the asset class with the most durable cash flows in residential real estate. Residents own the homes; we own the ground beneath them.
Why the cash flows hold up.
Manufactured-housing communities are the asset class institutions quietly love, for three structural reasons.
Supply is frozen
Municipalities almost never approve new communities. Existing inventory cannot be replicated, so occupancy and pricing power stay durable.
Residents stay
Moving a home costs thousands, so turnover is the lowest in residential real estate. Stable tenancy means predictable income.
Demand is countercyclical
When budgets tighten, demand for attainable housing rises. The asset performs across the cycle, not only in good years.
Manufactured-housing communities have been called the best business in real estate, and capital keeps consolidating this fragmented, mom-and-pop market to prove it.
How Haven Ridge creates value.
We buy durable assets below replacement cost, then operate them better.
Acquire
Buy fragmented communities and path-of-growth land below replacement cost.
Fill
Professionalize operations and convert vacant pads to resident-owned homes.
Optimize
Bring lot rents to market and add billable community services.
Exit
Sell a stabilized, institutional-grade asset at a compressed cap rate.
Illustrative only: acquisitions targeted near a 7.5% cap rate with stabilized exits near 5.5%. These figures are hypothetical, not a projection, and not a guarantee of returns.
One team owns the whole stack.
Acquisition, entitlement, construction, and operations all run in-house under Alpha Equity Group. Margin that usually leaks to third parties stays in the deal, and execution risk drops because no one is waiting on an outside party.