Institutional-quality Manufactured Housing
Ownership and Management

State Street Capital Partners was established in 2005 to capitalize on the attractive risk adjusted returns associated with owning manufactured home communities (MHC's). Our principals have been involved in the ownership and management of over 300 MHC’s throughout the country, partnering with hedge funds, private equity groups, family offices and individual investors. We target properties that offer superior investment returns through current yield and capital appreciation. Our past and current investments have delivered outstanding returns, consistently outperforming the Vanguard REIT Index.

 
 
 

WE BUY PROPERTIES

State Street Capital is the preeminent buyer of manufactured home communities in the United States. It has never been a better time to sell your property. Despite today’s high interest rates, we can still offer an aggressive cap rate.

Acquisition Criteria

  • Minimum of 100 units located near a major metropolitan area

  • Public and private utility systems OK

  • Community owned rental homes OK

  • Communities subject to rent control OK

  • All age and retirement communities OK

  • Low and high occupancy OK

 
 

WE PARTNER WITH YOU

State Street also offers MHC owners the opportunity to sell a portion of their equity today and partner with us going forward. When you partner with State Street, you are in control of how much equity you  sell and how much responsibility you retain in managing your community. We appreciate that no one understands your community better than you do and capitalize on our shared expertise.

  

 

 
 

Maximize the Value of Your Property

Partnering with State Street Capital can take you and your mobile home community to the next level.
Below are just some of the benefits.

 

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PEACE OF MIND

Many MHC owners have 90% or more of their net worth in a single asset. What would happen in the wake of a natural disaster or change of market conditions? Selling even half of your equity greatly negates the risk of single-asset ownership. Stop daydreaming and go on that fishing trip or family vacation without the lingering stress of park ownership. Your return-on- investment will reach beyond monetary gain and give you the freedom to start an exciting new
chapter of your life!

INSTITUTIONAL-QUALITY SERVICES

When you partner with State Street, you gain access to our 20+ years of invaluable experience and expertise in mobile home park ownership and management. We have developed best in class methods for increasing occupancy and maximizing Net Operating Income. Our database allows us to pinpoint exactly where and how your community can be saving money and run more efficiently. Whether you sell a portion or all of your equity, you can rest assured that your property will perform optimally in the future.

FLEXIBILITY

Every partnership is a two-way street and ours is no different. At State Street Capital we work with you to ensure that you get exactly what you want. We are prepared to accommodate your needs to make sure the transaction goes as smoothly as possible.

EFFICIENCY AND CONFIDENTIALITY

Our refined processes allow us to quickly underwrite your real estate transaction. With such fast turnaround times and efficient transfer of responsibilities, current residents won't even notice the change of ownership.

 

 
 

Testimonials

Hear what some of our past clients have had to say about partnering with us. 

 
 

Warren huddleston
fmr. president
illinois manufactured housing association

"I had the pleasure of selling Shadow Wood Mobile Home Park to Marc Lofman. The transaction went very smoothly, as Marc and his organization closed in a timely manner with terms that were fair to all parties. I feel confident that Marc will continue to operate Shadow Wood with the high standards that I required as an owner."

 
 

Steve waite
fmr. senior vice president
chateau communities

"I worked with Marc Lofman on the sale of Sun Valley Mobile Home Park in Jackson, Michigan. Marc was the purchaser and Chateau Communities was the seller. At the time I was a Senior Vice President with Chateau, then the largest owner of mobile home parks in the country. Marc showed determination and professionalism in closing this transaction. Together we overcame a few due diligence issues, and all along Marc acted fairly."

 
 

Partner With Us, Diversify and Win

With over 20+ years of experience in manufactured housing, the principles of State Street Capital are based upon the simple mantra "Treat others the way you would like to be treated". It may seem obvious, but there are other capital firms that just don't go the distance to ensure the continued success of a mobile home community post-acquisition.

We Don't Believe In 'One-size-fits-all" Plans.

Our investment experience has shown us that no two communities are the same. Together we can leverage your knowledge of micro-level details with our macro-level practices to bring your community to the next level. 

Meet Our Management

marclofman

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Marc Lofman
President AND FOUNDER

Marc Lofman has over 20 years of experience in the MHC industry, both at large Real Estate Investment Trusts (“REITs”) and as an independent owner. Mr. Lofman was a partner at Helix Funds for seven years. During which time, Helix led a group of investors in the $1.8 billion acquisition, operation and subsequent sale of American Residential Communities (“ARC”), comprising 275 MHC’s.  Mr. Lofman was involved in all aspects of asset management focusing on turning around the most troubled properties and markets, and had responsibility for all used home purchases throughout the portfolio.  Prior to joining Helix Funds, Mr. Lofman held senior positions at Sun Communities (NYSE: SUI) and CWS Capital Partners (an affiliate of Security Capital Group).  Mr. Lofman has also purchased 8 MHC’s with private investors, most recently a 154 site community in Holden, ME. Mr. Lofman received a Bachelor of Arts degree from the University of Michigan and received a J.D. and M.B.A. from Boston University.

Justin Smollar
Partner AND CFO

Justin Smollar has over 20 years of experience in the real estate industry, having acquired properties in the manufactured housing, office, multi-family and hotel sectors. Prior to joining State Street, Mr. Smollar was a partner at Helix Funds for ten years. During which time, Helix led a group of investors in the $1.8 billion acquisition, operation and subsequent sale of American Residential Communities (“ARC”), comprising 275 MHC’s. Mr. Smollar was involved in underwriting the transaction as well as in oversight of a number of corporate operating functions post-acquisition. Prior to joining Helix Funds, Mr. Smollar participated in acquisitions, dispositions and corporate mergers totaling more than $7 billion at Equity Office Properties. Mr. Smollar earned a Bachelor of Science in Management degree from Tulane University and a Master of Science in Electronic Commerce from the Illinois Institute of Technology.

 
 

Let's get to know each other

We are excited to start working with you. Even if you are not ready to sell today, let's get to know each other so you are prepared. Fill out the form below if you are interested in learning more about our unique investment philosophy.


 

Together we can maximize the
value of your community.