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Phoenix & Southwest  + Phoenix  + Finance  | 

JLL Arranges Financing for 17-Asset Arizona Manufactured Housing Portfolio

JLL Capital Markets arranged $46.4 million in financing for a manufactured housing portfolio totaling 1,050 home sites within 17 manufactured home communities in the Phoenix and Tucson metropolitan areas. The borrower was a joint venture partnership between Treehouse Communities and an unnamed institutional investor.

The portfolio comprises 16 communities in the Phoenix area and one property in the Tucson MSA. All the communities have convenient access to major highways and Interstates 10 and 17. Of the 1,050 home sites, 179 of the homes are park-owned.

JLL’s Zach Koucos, Chris Collins and Jeremy Womack secured the three-year, floating-rate loan through a balance sheet bridge capital source. Loan proceeds were used to recapture equity and provide funds for capital improvements to the properties.

Koucos says, “Due to rising single family home prices, manufactured home communities have experienced strong occupancy and revenue growth and as a result, rising investor interest.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing