Flagship Communities Real Estate Investment Units FLGMF

Primary Symbol: T.MHC.UN Alternate Symbol(s): MHCUF

Flagship Communities Real Estate Investment Trust (the REIT) is an internally managed open-ended real estate investment trust. The REIT is formed for the purpose of owning and operating a portfolio of manufactured housing communities (MHC) located in Kentucky, Indiana, Ohio, Tennessee, Illinois, Arkansas, and Missouri, including a fleet of manufactured homes for lease to residents of such housing communities. The REIT owns and operates approximately 67 total communities comprising a total of 11,876 lots. Its portfolio includes JACKSONVILLE Anderson Pointe, RIVERTON Hilltop Pointe, SPRINGFIELD Woodland Acres Pointe, EVANSVILLE Carolina Pointe, NEWBURGH Heritage Hills Pointe East, NEWBURGH Heritage Hills Pointe West, SCOTTSBURG Amberly Pointe, NEW SALISBURY Berkshire Pointe, SELLERSBURG Indian Oaks Pointe, SCOTTSBURG Rosewood Pointe, CORYDON Seven Oaks Pointe, COLUMBUS Tannehill Pointe, LOUISVILLE Ashley Pointe, LOUISVILLE Autumn Lake Pointe, and LOUISVILLE Johnsontown Pointe.

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Flagship Communities Real Estate Investment Units > Acquisitions and offering

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Comment by Infirstmoneyon Mar 17, 2022 11:58am

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Post# 34522166

RE:RE:Acquisitions and offering

Consolidator in the space, high barriers to entry (hard to get new parks built), often own marinas or RV parks and adjacent lands, rents are rising, growth trajectory good, interest rates near record lows, and rents are very high and rising). Less competition in this area too. lots of small operators, makes it a good environment to make accretive deals at lower prices. Small but gradual predictable growth, makes for nice upside, then with scale, they can raise the payout/yield.

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