mPark Partners acquired the Honeysuckle Mobile Home Park in Shepherdsville, Kentucky. The community was acquired from a Chicago based operator who was not taking proactive measures to manage the community.
Under prior ownership, homes fell into a state of disrepair, and unknown occupants were residing in abandoned homes. mPark Partners intends to improve the community by removing dilapidated homes and unauthorized occupants, installing brand new homes, and improving the community infrastructure.
The Honeysuckle Mobile Home Park has licensed 80 lots and sits just a couple of miles west of Shepherdsville on highway 780. The area has strong demand for housing as driven by the development of distribution centers for Amazon, Best Buy, and scores of other companies.
mPark Partners is a multi-state operator of mobile home parks and operates the mPark Fund, which invests exclusively in mobile home parks. We currently operate mobile home parks in Indiana, Kentucky, and Ohio and will consider opportunities in any state.