Discover Holiday Park: A Premier 55+ Lifestyle Manufactured Housing Community in Lakeland, Florida
Capital Square Announces Full Subscription of Holiday Park, a Premier 55+ Manufactured Housing Community in Lakeland, Florida
Lakeland, FL – In a significant move for the senior housing market, Capital Square, a leading sponsor of tax-advantaged real estate investments, has announced the full subscription of its latest offering, the CS1031 Holiday MHC, DST. This Regulation D private placement has successfully raised equity from accredited investors for a 214-unit, four-star manufactured housing community designed specifically for residents aged 55 and over.
Located at 4141 New Tampa Hwy, Holiday Park spans 22.33 acres and boasts a range of amenities tailored to enhance the lifestyle of its residents. From a billiards room and horseshoe court to a heated swimming pool and shuffleboard court, the community offers a vibrant living experience. Louis Rogers, founder and co-CEO of Capital Square, emphasized the importance of such communities, stating, “Manufactured housing communities (MHCs) fill a vital niche for seniors who want the home ownership experience with modern amenities but at a more affordable price.”
The strategic location of Holiday Park in central Lakeland provides residents with convenient access to a variety of attractions, including museums, shopping malls, and renowned theme parks like Walt Disney World and Busch Gardens. With easy access to Interstate-4, residents can quickly commute to the bustling metropolitan areas of Tampa and Orlando, making it an ideal hub for both leisure and employment opportunities.
Capital Square plans to invest $3 million in strategic improvements to Holiday Park, aimed at enhancing the property’s quality and increasing occupancy rates. With average market rents approximately 57% higher than current in-place rents, there is significant potential for growth, promising strong returns and capital appreciation for investors.
Whitson Huffman, co-CEO of Capital Square, noted the community’s enviable location and the high demand for quality housing among retirees in Central Florida. “The positive long-term outlook for population growth, rent growth, and occupancy rates in the region will likely result in a continued supply/demand imbalance for housing options like those provided by Holiday Park,” he said, reinforcing the community’s potential for a favorable outcome for investors.
Since its inception in 2012, Capital Square has acquired over 170 real estate assets, catering to more than 6,500 investors seeking quality properties that qualify for tax deferral under Section 1031 of the Internal Revenue Code. The firm remains committed to enhancing the living standards of communities while providing stable cash flow and capital appreciation for its investors.
As the demand for affordable, amenity-rich housing continues to rise among seniors, Holiday Park stands out as a beacon of opportunity in the thriving Lakeland area, promising a fulfilling lifestyle for its residents and a lucrative investment for its stakeholders.