REALM, in partnership with Parker, announced the acquisition of three manufactured housing communities in eastern North Carolina.
"REALM is excited to partner with Parker to further grow our manufactured housing portfolio throughout the Carolinas," said Travis King, founder and CEO at REALM. "Our expanding scale allows REALM to continue to provide cost-effective housing and improve communities while, at the same time, providing consistent returns to our investors. This is a great area of the country, and we look forward to continuing to grow our presence throughout the region."
REALM leverages deep local relationships and operational expertise to source off-market acquisitions and unlock value through professional management, infrastructure upgrades and the transition of park-owned homes to resident-owned homes.
REALM intends to deploy $50 million in equity capital to assemble a portfolio of more than 1,000 pads across eastern North Carolina and broader Southeas
