Washington Terrace

What Washington Terrace does

Washington Terrace LLC is a privately held manufactured home and RV community operator based at 3101 Washington Street, Bellevue, Nebraska. The company runs a single-property mobile home park that delivers three revenue streams: recurring manufactured home lot rentals, recurring RV lot rentals on both daily and long-term bases, and direct sales of pre-owned manufactured homes. Its tenant base spans first-time affordable-housing buyers, downsizers, transient RV travelers, and long-term RV residents, anchored by the property's access to Highways 370, 75, I-80, and I-29 within the Omaha metropolitan area.

The business model is a hybrid of subscription (monthly lot rent) and transactional (home sales and daily RV rentals) revenue. Current home inventory includes a 2016 Skyline 16x56 listed at $47,000 and a 1996 Champion 16x76 at $42,000, with monthly lot rent charged in addition. Operational service scope is conventional for an MH community: on-site management, lawn care, and well-lit streets. There is no disclosed proprietary technology platform, digital booking or resident-management software, or other tech-enabled differentiation.

Leadership consists of Steve Hipple as President and Nick Ritter as Manager. The company does not disclose funding, headcount, financial, or expansion activity in the available data. As a single-asset, privately held LLC, Washington Terrace operates as a traditional real estate rental business with no technology moat, no AI integration, and no disclosed geographic or product expansion plans.

Name

Washington Terrace

Legal name

Washington Terrace LLC

Website

https://washingtonterracellc.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Washington Terrace LLC operates a manufactured home and RV community in Bellevue, Nebraska, offering lot rentals, RV rentals, and manufactured home sales to affordable-housing residents, downsizers, and RV travelers.

Ownership category

akta.pro rank

Product category

Mobile Home and RV Park Community

NAICS

Manufactured (Mobile) Home Dealers (459930), Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing (532120)

SIC

Retail-Mobile Home Dealers (5271), Hotels, Rooming Houses, Camps & Other Lodging Places (7000)

akta.pro primary industry

Manufactured Housing / Mobile Home Park Management (BPAJAFAG)

Keywords

• Manufactured home sales
• Mobile home park
• RV lot rentals
• Manufactured housing community
• Affordable housing

Headquarters

HQ city

Bellevue

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Supply Chain

Revenue model

1. Lot Rentals (Manufactured Home Park): Monthly rental income from lot spaces for manufactured and mobile homes. Includes amenities such as well-lit streets, professional lawn care, cable and internet ready lots, and on-site management.
2. Manufactured Home Sales: One-time sale of manufactured/mobile homes to buyers. Homes are sold move-in-ready with appliances included. Prices range from $42,000 to $47,000.
3. RV Lot Rentals: Daily and long-term rental rates for RV and camper lot spaces. Includes permanent water/sewer hookup, garbage service, and 50 AMP electrical service availability.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Washington Terrace LLC operates a manufactured housing and RV park community in Bellevue, Nebraska, renting mobile home lots on a monthly basis and RV/camper lots on a daily or long-term basis. The company also sells pre-owned manufactured homes (2016 Skyline and 1996 Champion models) priced between $42,000 and $47,000, offered move-in-ready with appliances included.

Product overview

Washington Terrace LLC is a mobile home park and RV park community operator in Bellevue, Nebraska offering a portfolio of housing solutions: manufactured/mobile home lot rentals in a managed community, RV lot rentals with daily and long-term options, and manufactured homes available for purchase (including 2016 Skyline and 1996 Champion models). The company serves the Omaha metro area including Bellevue, La Vista, Papillion, and surrounding communities.

Differentiator

Problem solved

Functional benefit

Products and services

• 2016 Skyline Manufactured Home (16 ft x 56 ft, 2 bed/2 bath)

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves3 records

Direct peers

• YES Communities: Privately held manufactured housing community operator with properties across multiple U.S. states. Same manufactured home lot rental business serving affordable-housing residents, similar operator-run model.
• RHP Properties: Privately held operator of manufactured housing communities with a national portfolio. Closest private-market peer for Washington Terrace's manufactured home community business model and resident demographic.
• Flagship Communities REIT: Public REIT (TSX: MHC.U) operating manufactured housing communities primarily in the U.S. Midwest and Southeast. Directly comparable lot-rental business serving affordable-housing residents, similar in scale and operating model.
• Kampgrounds of America (KOA): Large franchised network of campgrounds and RV parks across North America. Comparable on the RV park side of Washington Terrace's business, offering daily and long-term RV site rentals with utility hookups.
• UMH Properties: Public REIT (NYSE: UMH) focused exclusively on manufactured home communities in the Midwest and East Coast. Closest small-cap pure-play comparable to Washington Terrace's manufactured home lot rental model, with similar resident demographic focus.

Broad incumbents

• Sun Communities: Public REIT (NYSE: SUI) operating a large portfolio of manufactured housing communities and RV resorts across the U.S. Same manufactured-housing lot-rental and RV park business model as Washington Terrace, but at vastly greater scale and geographic breadth.
• Thousand Trails: Network of RV resorts and campgrounds offering short-term and membership-based RV stays. Comparable on RV park operations and amenitized lot rentals, though primarily membership-driven.
• Equity LifeStyle Properties: Public REIT (NYSE: ELS) owning and operating manufactured home communities and RV resorts. Directly comparable combination of MH lot rentals and RV park operations, though at national scale versus Washington Terrace's single-site footprint.

Others

• Skyline Champion: Largest U.S. manufacturer of manufactured and modular homes (NYSE: SKY). The 'Skyline' brand is even reflected in one of Washington Terrace's listed home inventory units. Adjacent peer as a producer, not a community operator.
• Cavco Industries: Leading U.S. manufacturer of manufactured homes (Nasdaq: CVCO). Adjacent supply-side participant in the manufactured housing value chain — provides the type of product Washington Terrace sells, but does not operate communities.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/terracellc
• LinkedInlinkedin.com/company/washington-terrace-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Washington Terrace