Manufactured Housing Community - Sale

NorthMarq’s National Manufactured Housing team sells the Circle T RV & Mobile Home Park in Mission, Texas

MISSION, TEXAS (January 14, 2021) – NorthMarq’s National manufactured housing team of Jared Bosch, senior associate, Don Vedeen, vice president, and Chris Michl, senior associate sold the Circle T RV and Mobile Home Park on December 30, 2020 for an undisclosed purchase price. The 270-site property is located at 1820 Clay Tolle Street in Mission, Texas. NorthMarq represented both the seller, Boston Road MHP INC, and the buyer, Lewis RR Properties LTD and/or Assignees.  

“NorthMarq’s Manufactured Housing Team was hired by the seller because of our national platform and experience in both Mobile Home and RV Resorts,” said Bosch. “Circle-T was a real value-add opportunity for someone to enter the Valley with scale and at a low basis. The buyers can tap into their existing management infrastructure to transition quickly; and have extensive capital projects planned over the first couple years of ownership.”

The Rio Grande Valley has long been a popular market for RV and Mobile Home communities, and Circle T presented the opportunity for the buyer to come in and add value to the community immediately.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $16 billion, loan servicing portfolio of more than $65 billion and the multi-year tenure of our nearly 600 people.