$300 Million in Mobile Home Parks; Park Management Strategies, 270 Unit MHP Case Study - with Sam Hales | TLS235
The Lead Sponsor - Real Estate Investing Through Syndications and Funds
English - December 13, 2022 07:00 - 46 minutes - 32.3 MB - ★★★★★ - 55 ratingsInvesting Business Entrepreneurship david robinson real estate investing apartment investing multifamily investing apartment syndication multi-family syndication cashflow investing multifamily apartments Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Sam Hales is a Private Equity Real Estate fund manager with $300M+ AUM and Founder of the Saratoga Group. Saratoga Group was established in 2011 and is exclusively focused on the purchase, revitalization, and operation of Mobile Home Communities.
Show Highlights:
- Overview of Sam's company (Saratoga Group) - 6100 lots - across 17 states - 97 communities.
- His schooling - Undergrad at BYU - Chemical Engineering
- His first real estate acquisition
- Sourcing Equity from Chinese Investors and buying large amounts of single-family homes.
- Why and how he shifted to mobile home parks.
- Type of mobile home park he is looking to acquire.
- The management challenges and strategies of a scattered portfolio of mobile home parks.
- Why he has decided to keep management in-house.
- Case Study: 270 unit MHP in Greenville, NC.
- His top way to source deals
- His prediction for the real estate market over the next 12 months.
Guest Bio:
Sam Hales is a Private Equity Real Estate fund manager with $300M+ AUM and Founder of the Saratoga Group. Saratoga Group was established in 2011 and is exclusively focused on the purchase, revitalization, and operation of Mobile Home Communities. Sam’s previous real estate experience includes distressed asset workouts, land development, redevelopment, and lease options. Aside from being the lead investor/developer in the entitlement and development of large tracts of land, since 2009, he has been actively purchasing single-family properties in the Sacramento and Bay Area markets. Sam has touched nearly every CRE asset class including industrial, office, hospitality single, and multi-family. But he loves the MH asset class and believes it is a vital part of the solution to today's housing affordability crisis.
Sam is passionate about helping local communities. He is an active member of the Auburn Economic Development Council. Sam currently sits on the board for Auburn Sutter Faith Hospital and volunteers with local Boy Scouts and Church youth groups.
Sam received his MBA from The Wharton School of Business with an emphasis in Finance and a BS from BYU in Chemical Engineering.
Connect with our Guest:
https://www.linkedin.com/in/samhales
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