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The Opportunity
SCALED ENTRY INTO MARKET
TURNKEY ASSET
SHARED STAFFING CAPABILITIES
PUBLIC & DIRECT BILLED UTILITIES AT ARROWWOOD & Bridgewater Bay
NEW HOME INVENTORY AT BRIDGEWATER BAY
STRONG OCCUPANCY WITH ABILITY TO FILL REMAINING VACANT HOMES AT BRIDGEWATER BAY
WELL-MAINTAINED COMMUNITIES
Investment Highlights
Troy, Alabama
With a population of more than 33,500 residents, Troy is home to Alabama’s fourth-largest system of higher education in the state, Troy University. The university is the largest contributor to the region’s economy, with an average annual economic impact exceeding $1 billion. The region is also home to numerous significant aerospace and defense companies, such as Lockheed Martin and Sikorsky Aircraft. Sikorsky Aircraft is owned by Lockheed Martin, and the two companies employ more than 800 total residents in Greater Troy.
Dothan-Troy Portfolio
Arrowwood MHP
Bridgewater Bay MHP
Oak Hill MHP
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INVEST IN CHICAGO'S CORE SUBURBAN CORRIDOR
Berkadia Manufactured Housing is pleased to present the Troy-Dothan Portfolio. This portfolio features 201 sites across three communities: Arrowwood, Oak Hill, and Bridgewater Bay. With a combined occupancy rate of 86%, the Troy-Dothan Portfolio offers immediate rental upside and promising investment potential. The communities also boast shared staffing capabilities, ensuring efficient management and lower oversight. Arrowwood and Oak Hill stand out with the added advantage of direct billed public utilities and primarily consist of resident-owned homes, further streamlining operations. At Bridgewater Bay, current ownership has done an excellent job with bringing in newer homes with the average home year being 2023. This not only enhances the community’s appearance but also significantly reduces costly capital expenditures and repairs and maintenance expenses associated with older homes. This offering presents an opportunity to invest in a portfolio with scaled entry into the southern Alabama market, rental upside, and operational efficiencies.
OPPORTUNITY
LOCATION
CONTACT
DOC CENTER
PRIVACY
TERMS OF USE
Arrowwood MHP
Bridgewater Bay MHP
Oak Hill MHP
Opportunity
The Location
Contact
Doc Center
Privacy
Terms of Use
THE LOCATION
hunter larocca
Director
402.227.9643
hunter.larocca@berkadia.com
Brian Hummell
Director
614.468.5773
brian.hummell@berkadia.com
Kevan Enger
Senior Managing Director
407.494.8541
kevan.enger@berkadia.com
David Wilson
Senior Director 256.682.9143 david.wilson@berkadia.com
Ian Hilpl
Managing Director
315.406.0900
ian.hilpl@berkadia.com
BROKERs OF RECORD
CONTACT US
Orlando Office
300 South Orange Avenue
Suite 1500
Orlando, FL 32801
COLUMBUS OFFICE 6555 Longshore Street Suite 280 Dublin, OH 43017
BIRMINGHAM OFFICE 2204 Lakeshore Drive Suite 120 Birmingham, AL 35209
Broker of Record office
BIRMINGHAM OFFICE 2204 Lakeshore Drive Suite 120 Birmingham, AL 35209
David Wilson Qualifying Broker 256-682-9143 david.wilson@berkadia.com
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
Dothan-Troy Portfolio
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Call for offers: Thursday, March 21, 2024
Call for Offers: Friday, April 5th, 2024
Population: 33,503
Median HH Income: $45,210
Median Single Family Home Price: $226,260
Notable Employers:
Walmart Distribution Center
Troy University
Lockheed Martin
Kimber Manufacturing
Troy Regional Medical Center
Sikorsky Aircraft
Quick Facts
The Dothan, AL Metropolitan Statistical Area (MSA) is located near the southeast border of Alabama and Florida. The metro is projected to benefit from strong population growth over the next five years, growing 2.9% to more than 159,100 residents. The primary employment sectors within the Dothan metro include healthcare, with notable employers such as the Southeast Health system and Flowers Hospital. The two systems have combined employment of more than 2,000 residents in total.
Population: 154,632
Median HH Income: $51,824
Median Single Family Home Price: $204,500
Notable Employers:
Southeast Health
Dothan/Houston ISD
Flowers Hospital
Southern Nuclear
Wayne-Sanders Farms
Michelin Dothan Manufacturing
AAA Cooper Transportation
Dothan, Alabama
Quick Facts
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