LAKELAND, Fla. — Capital Square 1031 has acquired Foxwood Village, a manufactured housing community for those over age 55 in Lakeland, located between Tampa and Orlando.
To date, Capital Square has acquired six age-restricted manufactured housing communities in coastal Florida markets for tax-advantaged real estate investment offerings.
“Age-restricted manufactured housing communities in Florida are among the safest assets in the nation,” says Louis Rogers, founder and chief executive officer of Capital Square. “Due to exceptionally strong rent growth and little to no vacancy, they are an excellent hedge against inflation.”
The community is situated on approximately 69 acres of land. Foxwood Village comprises 350 homesites and has an occupancy rate of 98.6 percent as of March 2021.