Equity Quarters is a Hamburg, Germany-based company active across US real estate, with capital primarily from European investors and capital partners. We buy as principal, with committed partner capital behind us. Proof of funds available on request — normally the same day.
Asset type
Manufactured housing communities (MHC / MHP)
Size
20+ pads. No upper limit — single parks and portfolios both
Location
Within 45 minutes’ drive of a metro area of 100,000+. Measured to the metro edge, not its downtown — a small town inside a commuter ring is exactly what we want
Price
$500K – $5M per asset. Larger via portfolio or JV
Price per pad
Up to $45,000
Tenant-owned homes
60%+ preferred. Park-owned homes are a conversation, not a no
Utilities
Master-metered is a plus — submetering is our value-add
Condition
Stabilised or distressed. No occupancy floor
Deferred maintenance, low occupancy and messy books are not disqualifiers. They are frequently the reason we are interested. What we need is for the gap between what a park earns and what it should earn to be explainable and fixable — absentee management, no submetering, rents well under market. Those are our value-add, not our objection.
Oklahoma, Texas, Kansas, Missouri, Arkansas
Georgia, South Carolina, North Carolina, Tennessee, Alabama
Illinois, Indiana, Ohio, Michigan — in the metro areas and their commuter rings: Peoria, Rockford, Springfield, Champaign, Carbondale-Marion, Fort Wayne, Toledo, Dayton, Lansing, Grand Rapids, Flint, South Bend, Evansville
That is where we are actively prospecting — but it is a focus, not a fence. If you have a strong park outside those states, send it. We will give you a straight answer either way.
Stated plainly so we do not waste your time.
Wastewater lagoons — no exceptions
Park-owned wastewater treatment plants — no exceptions
Under 20 pads or sites
Under $500,000
More than 45 minutes from a metro area of 100,000+
Raw land with no existing park and no entitlements
All-cash at full retail with no room on structure
Unresolved environmental matter, lien or title cloud
20+
Pads minimum
$500K–$5M
Price per asset
≤ $45K
Price per pad
45 min
Max drive to a 100K+ metro
Owner is managing a tax event and wants to defer rather than take a lump sum
Owner has no clean tax returns or financials, and conventional buyers keep falling out
Owner wants monthly income rather than a single cheque
Owner wants personal guarantees released more than the last dollar of price
Estate, legacy or family land situations where timeline matters more than price
A deal that already failed once in due diligence with another buyer
We underwrite the asset first. Structure is what we shape around the seller once we understand what they actually need — it is never how we make a deal work that otherwise would not. When a seller does want flexibility, here is what is open to us.
Our preferred structure, including carry behind new senior debt where that releases a seller’s personal guarantees.
Particularly where existing debt is not assumable — which on park debt is most of the time.
Of genuinely assumable existing notes.
Where the seller is managing a tax event.
With owners who want to retain upside.
Where the deal warrants it.
We are firm on economics and flexible on structure — not the other way round. On carry-back deals we will normally ask for an appraisal contingency at the balloon, which protects both sides and has never been the thing that killed a deal for us.
To the edge of the built-up metro area, not to its downtown. Kingfisher, Oklahoma is 51 miles and 58 minutes from downtown Oklahoma City, but roughly 30–35 minutes from the metro edge at Piedmont or Yukon — and it is well inside our box. What matters is access to an employment base, not the population of the town itself. There is no minimum town size.
Yes, though we prefer 60%+ tenant-owned. Park-owned homes change the underwriting — they bring maintenance and titling work — so we will want the POH count and titling status early. It is a conversation about price and structure, not a reason to pass.
There is no occupancy floor. Under-occupancy is frequently the thesis rather than the problem, provided the gap is explainable and fixable — absentee management, no submetering, rents left untouched for years. What we cannot fix is structural demand collapse or a closed employer.
A wastewater lagoon is a permitted, regulated operation with six-figure failure modes and a closure obligation that outlives ownership. The same applies to park-owned treatment plants. Conventional septic fields and private wells are fine, subject to inspection — those are equipment, not operations.
A straight yes, no, or specific question within a day or two of receiving a listing. A call before any LOI, and an LOI within a few days of that call. Proof of funds on request, normally the same day.
No. We do not tie brokers up in exclusivity, and we are straightforward about co-broke.
20+ sites minimum · $500K–$5M· same structures, same process.
Send the listing — address, pad or site count, asking price, and whatever financials exist. A rent roll and T-12 if you have them, but we will look without.
A straight answer, fast. Yes, no, or a specific question. We will tell you when something is not for us rather than going quiet.
A call before an LOI. We would rather understand what the seller actually wants first — an LOI written blind helps nobody.
LOI follows the call, normally within a few days — with proof of funds alongside it if you want it up front, rather than after you have had to ask.
One thing we will always ask on a first call: whether there is existing debt on the property, and if so the balance, the rate, the year it was written, and whether it is assumable. It often changes what we can offer, usually in the seller’s favour.
We do not tie brokers up in exclusivity, and we are straightforward about co-broke.