Northmarq brokers and finances sale of Dimond Estates 522-unit manufactured housing community

PHOENIX (Nov. 28, 2023) — Northmarq’s National Manufactured Housing team of Don Vedeen, Chris Michl, Jared Bosch and Paul Smith have completed the sale of a 522-unit manufactured housing community in Anchorage, Alaska. Northmarq’s Debt + Equity team of Bryan Mummaw, Alex Quenzler and Bryan Liu arranged financing. The property is one of the largest mobile home communities in Anchorage with 99% occupancy at the time of the sale. “The sale further expands our already significant national presence in manufactured homes sales throughout the country and demonstrates our strength and commitment to our clients by continuing to deliver high quality assets, even in a volatile market,” said Vedeen. Situated on approximately 77 acres at 1299 W. Dimond Boulevard, Dimond Estates boasts proximity to Anchorage’s largest employers, including the Ted Stevens Anchorage Airport, Alaska Native Medical Center and the University of Alaska Anchorage. Residents at Dimond Estates enjoy a short 10-minute drive to downtown Anchorage and accessibility to major restaurants and shopping. The property also offers opportunity to add popular tenant amenities such as a fitness center, rentable storage closets and a laundry facility. Learn more about the manufactured housing market in Northmarq’s Manufactured Housing Market Insights Report.