Manufactured Housing
Investment Sales - Multifamily
Debt & Equity

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.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

522-unit manufactured housing community in Anchorage, Alaska
Dimond Estates
Debt