Havenpark Communities, a leading operator and developer of manufactured home communities, is proud to announce exceeding its ambitious goal of $27.6 million in capital improvements across its communities in 2024. This commitment to investing in its properties underscores Havenpark’s dedication to providing current and future residents with well-maintained, safe, and enjoyable living spaces that enhance curb appeal and sustain enduring value. The investments, which will total $30.1 million by year’s end, will also contribute to increasing the resale value of homes for existing residents.
Havenpark has already initiated $20.6 million worth of improvement projects this year, with $2.9 million in upgrades already completed. The company is expecting to begin and complete an additional $9.5 million in upgrades, exceeding their 2024 investment goal by $2.2 million. These investments highlight Havenpark’s commitment to providing a high standard of living for its residents.
The significant capital improvements are being implemented across various aspects of the communities:
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Enhanced Amenities:
Havenpark is updating amenities at communities nationwide, including new clubhouses, pools, and fencing, creating spaces for residents to connect and enjoy their communities.*
Improved Infrastructure:
The company is investing in property infrastructure, including roads and sidewalks, enhancing safety and accessibility for residents.*
Modernization of Systems:
Havenpark is modernizing electrical and drainage systems across its properties, ensuring efficient and reliable services for residents.*
Community Expansion:
Havenpark is expanding existing communities to provide more residents access to affordable living options, fulfilling its mission of providing attainable housing solutions.“The quality of our communities is a priority. We deliver on our mission by investing back into our communities, showing our care for our residents every day,” said Havenpark CEO and Co-Founder Robbie Pratt. “Each time we repave a road or build a new clubhouse, we are improving the resident experience for the members of that community,” said Ramie Rajabi, President of Havenpark. “We strive for Havenpark communities to be a place where everyone feels at home, and these capital improvements highlight how important that is to our company.”
Havenpark is a company dedicated to providing attainable and high-quality manufactured home communities. Since 2017, Havenpark has sourced and installed over 4,000 new factory-built homes, providing quality, affordable living to over 10,000 Americans across the country. In 2023, Havenpark added 339 new affordable homes across the country and has committed to adding another 226 in 2024. Havenpark’s commitment to responsible management, well-maintained communities, and attainable homeownership ensures that their communities remain thriving places to live for years to come.
