Subject: RLE
Forrest Street Partners Acquires Dogwood Blossom Mobile Home Park in Douglasville, Georgia
ROSWELL, Ga., Sept. 21, 2021 /PRNewswire-PRWeb/ -- Forrest Street Partners purchased its second mobile home park in metro Atlanta, acquiring the 78-lot Dogwood Blossom Mobile Home Park. Dogwood Blossom is located 15 miles west of downtown Atlanta in Douglasville, Georgia.
Forrest Street Partners, the boutique real estate firm, plans to invest in the park by infilling 50 vacant lots with new 3-bedroom and 1-bedroom homes.
"Dogwood Blossom has served Douglasville residents for several decades, and we're excited to bring new life into this park," said Forrest Street Partner Brandon Crim.
Forrest Street already has implemented new management practices at the park, streamlining rent collection and reaffirming park rules and regulations. In addition to bringing in the new homes, plans for the park also include upgrades to the infrastructure, connectivity to public water, asphalt overlay to the existing internal road system, new park signage, and updating the parks landscaping and amenities.
Douglasville is an attractive market with a strong work force and located near many metro Atlanta employment centers. Dogwood Blossom's goal is to provide affordable housing in a safe and peaceful environment that all residents can be proud to call home.
"We have Mobile Home Parks and RV Parks in several states across the southeast. It's nice to have such a great project in our own backyard," Crim added. "The growth in Douglasville and the Atlanta metro area has created the need for more affordable housing, and we're proud to be able to fill part of that need."
Douglas County has grown more than 10 percent in the past 10 years, attracting big names in the tech community including Amazon, Google and Microsoft.
About Forrest Street Partners
Forrest Street Partners is a boutique real estate investment firm. Headquartered in Roswell, Georgia, the firm focuses on identifying, repositioning and operating RV parks, manufactured home communities and retail properties across the Southeast. The entrepreneurial team seeks value-add opportunities to provide investors elevated returns by leveraging progressive thinking, collaborative decision-making, a curated network of resources and varied individual backgrounds. The Forrest Street team has decades of experience in lending, acquisitions, construction, repositioning, sales and leasing. Find more information at https://forrest-street.com/ and follow us on LinkedIn.
Media Contact: Whitney Thrower, [email protected]
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SOURCE Forrest Street Partners
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