Grandville, Mich. (October 17, 2017) – Four Peaks Capital Partners, LLC and Park Place Communities, LLC are proud to announce their latest acquisitions; a 123 lot, two park package located in Lenoir City, TN, a suburb of Knoxville. According to Founder and CEO of Four Peaks Capital Partners™, Andrew S. Lanoie, “the parks are stabilized and well-maintained, and include upside potential and collectively, $150,000 in instant equity for our investors.
Lenoir City is in Loudon County located on the Tennessee River along the eastern side of Knoxville within the Knoxville Metro. Lenoir City has full services and a strong commercial base along Highway 321. It is home to a great school system, a new state of the art public library, a beautifully designed park system and a charming historic downtown area. This portion of Highway 321 continues to grow with new shopping and dining opportunities and is already home to many national commercial businesses including a Walmart Supercenter and Home Depot.
Knoxville is the largest city in East Tennessee, ranking third statewide, with a metropolitan population of 704,500. Knoxville continually receives high honors for quality of life according to the American Chamber of Commerce Researchers Association (ACCRA) Cost-of-Living Index, which measures relative price levels for consumer goods and services in metropolitan and non-metropolitan areas.
Four Peaks Capital Partners™ and Park Place Communities™ proudly welcomes Lenoir City into their portfolio, which increases the total number of communities to 15 and almost 1,100 total units in the United States.
About Four Peaks Capital Partners™, LLC
Four Peaks Capital Partners™, LLC (“Four Peaks”) is a leading alternative private investment fund. They specialize in providing income alternatives to qualified investors through the acquisition, operation and disposition of mobile home communities The strategy of Four Peaks is to acquire mismanaged, distressed parks and turn them around within 18 to 24 months.
Four Peaks anticipates acquiring anywhere from 20,000 to 25,000 new mobile home pads over the next five years. These pads will be throughout the country thus allowing for the diversification of risk across an entire portfolio as opposed to concentrating on one park or one market.
The privately-held firm is led by a proven team of managers with more than two decades of investment in the real estate asset class.
For more information, please visit: www.fourpeakspartners.com or contact directly at (844) 209-3153 or firstname.lastname@example.org.
Release ID: 252898