Mobile Home Park Acquisitions Lead

BH Properties; Plano (TX); On-site; USD 140,000 - 180,000; Full time

Job summary

Haven Housing, a Haven Properties affiliate, seeks an Acquisition Manager to source, underwrite and close acquisitions of mobile home parks across the Western U.S. You will build the deal pipeline, evaluate financials, and drive value-add strategies.

You will travel up to 40% and coordinate with internal teams to close transactions on accelerated timelines. This role reports to Haven Housing's Managing Director of Acquisitions.

Qualifications

• Bachelor's degree in finance, real estate, economics or related field is desired.
• Minimum 5 years of commercial real estate acquisitions experience, with at least 3 years focused on mobile home parks or manufactured housing communities.
• Demonstrated track record of sourcing and closing transactions, including off-market opportunities.
• Advanced financial modeling skills with experience in cash flow analysis, valuation and returns analysis.
• Strong understanding of mobile home park operations including lot rent economics, park-owned home programs, utility systems.

Responsibilities

• Source on- and off-market Manufactured Housing Communities (MHC) acquisition opportunities through broker relationships, direct-to-owner outreach and industry networks.
• Underwrite acquisitions by building detailed financial models, analyzing rent rolls, lot rent levels, occupancy, park-owned versus tenant-owned homes, utility billing analysis, and value-add strategies.
• Extrapolate seller-provided financials to establish a reliable operating baseline and identify hidden expenses or upside.
• Evaluate park infrastructure including water and sewer systems, electrical service, roads and drainage, and coordinate third-party inspections.
• Conduct market research on comparable lot rents, home values, affordability and demand drivers to support pricing and investment decisions.
• Prepare investment memoranda and present acquisition recommendations to the Company’s management team.
• Negotiate letters of intent, purchase and sale agreements, and structure creative transactions, including seller financing.
• Lead due diligence and escrow activities including title, survey, zoning and legal nonconforming use review, environmental reports and compliance.
• Coordinate with legal, lenders and internal teams to close transactions on accelerated timelines.
• Develop value-add business plans including lot rent optimization, infill of vacant lots, utility submetering or bill-back programs, removal of abandoned homes and conversion of park-owned homes.
• Manage a smooth post-closing transition to asset management and third-party property management partners.
• Maintain the acquisition pipeline and track transactions, and present weekly updates to the Company’s management team.
• Travel required - 40%

Skills

Financial modeling

Negotiation

Relationship-building

Advanced Excel

Strong communication

Time management

Education

Bachelor's degree in finance, real estate, economics or related field

Tools

CoStar

Yardi Voyager

CRM platforms

Job description

Haven Housing, a Haven Properties affiliate, seeks an Acquisition Manager to source, underwrite and close acquisitions of mobile home parks across the Western U.S. You will build the deal pipeline, evaluate financials, and drive value-add strategies.

You will travel up to 40% and coordinate with internal teams to close transactions on accelerated timelines. This role reports to Haven Housing's Managing Director of Acquisitions.