Manufactured Housing Community - Sale

NorthMarq Capital

NorthMarq closed the 117-site Riverland Park manufactured housing community in Louisiana

PHOENIX, ARIZONA (September 5, 2019) – Riverland Park manufactured housing community, located at 10696 River Road in Saint Rose, Louisiana traded this month for an undisclosed purchase price.   

The NorthMarq National manufactured housing team of Don Vedeen, Jared Bosch, and Chris Michl represented both the seller and the buyer in this transaction.  

JWC Group, LLC, an entity formed by John Briggs of Denver, Colorado was the buyer. 

“Riverland Park was an attractive investment due to its location, as it is situated just west of the greater New Orleans MSA,” said Vedeen. “The clean community, city utilities, and strong in place occupancy enticed many interested buyers and facilitated a smooth transaction.” 

Riverland Trailer Park LLC, an entity formed by John Matassa of Houston, Texas was the seller. 

The 117-site Riverland Park manufactured housing community, built in 1980, is located in Saint Rose, Louisiana. St. Rose has a few large employers, led by Southern Glazer’s Wine & Spirits beverage distributor, Randa manufacturing and distribution, and International Matex Tank Terminals, which operates bulk storage for petroleum and biofuels. These companies combine to employ more than 750 local residents. 

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 $13 billion, loan servicing portfolio of more than $57 billion and the multi-year tenure of our more than 500 people.