Mobile Home Park Investments LLC

What Mobile Home Park Investments LLC does

Mobile Home Park Investments LLC (MHP Investments) is a privately held, owner-operated real estate investment firm that acquires, redevelops, and disposes of distressed mobile home parks, RV parks, and select industrial and commercial properties as value-add investments. Founded by Dean Chesnut, an entrepreneurial real estate professional with 38+ years of experience, the firm sources off-market and distressed assets including FDIC REO and bankruptcy sales, executes renovations and tenant-base repositioning, and exits either through stabilized sale to multi-family developers or other investors, or through continued operation. The portfolio has spanned California, Arizona, Indiana, Illinois, Missouri, Arkansas, and Nevada, with 20+ properties transacted and reported investor outcomes of 11%-30% annualized returns on individual deals.

The firm's revenue mechanics combine one-time gains on property disposition with limited recurring rental income from operated assets (for example, a 5,500 SF warehouse lease at $0.90/SF/month in Carson City, NV) and capital raises from individual investors on a deal-by-deal basis. Operating activity is highly concentrated in the principal, supported by a single investor liaison, Terry Deveau, with headquarters in San Jose, CA and an operational/office presence in Carson City, NV. Beyond mobile home parks, the firm has historically extended into industrial building rehabilitation, warehouse leasing, residential land subdivisions, office condo conversions, custom home development, truck storage yards, and resort restaurant operations, each managed as discrete investment assets rather than as a scalable platform.

Recent activity has tilted heavily toward disposition: Lakeside Mobile Home Park (Warrensburg, MO), Jakes Corner RV Park (Payson, AZ), Roosevelt Resort Restaurant and Resort Park (Roosevelt, AZ), the San Jose 7-lot subdivision, an auto complex in Vallejo, two Sunnyvale industrial rehabilitations, a San Jose Flex R&D building, and a Los Gatos custom home have all been sold between 2021 and 2023. The most recent capital deployment, completed in May 2026, is the rehabilitation of a 25,000 SF industrial building in Carson City, NV, suggesting a deliberate shift toward Northern Nevada industrial as the next operating chapter while remaining mobile home park holdings (O'Donnell and Ponderosa in Indiana, Sunrise in California) stay under active management.

Name

Mobile Home Park Investments LLC

Legal name

Mobile Home Park Investments LLC

Website

https://mhpinvests.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

Mobile Home Park Investments LLC is a privately held, owner-operated real estate investment firm founded by Dean Chesnut that acquires, repositions, and sells distressed mobile home parks, RV parks, and select industrial properties across multiple US states for value-add returns to its individual investors.

Ownership category

akta.pro rank

Product category

Real Estate Investment

NAICS

Lessors of Other Real Estate Property (53119), New Housing For-Sale Builders (236117)

SIC

Non-Operating Establishments (9995), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Manufactured Housing / Mobile Home Park Management (BPAJAFAG)

akta.pro secondary industries

Real Estate Investment Management (Acquisitions & Dispositions) (BPAJAMAK), RV Parks & Motorhome Resorts (THAMAJAA)

Keywords

• Mobile home park acquisitions
• RV park investments
• Value-add real estate
• Property rehabilitation
• Distressed asset repositioning

Headquarters

HQ city

Destin

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Property Acquisition and Disposition: The company acquires mobile home parks, RV parks, and other real estate assets at distressed prices, invests capital in renovations and repositioning to increase occupancy and rental income, then sells stabilized properties for profit. Revenue is generated through capital appreciation and increased cash flow upon exit.
2. Property Leasing: Industrial and warehouse properties are leased to generate recurring rental income. Example: 25,000 SF industrial building in Carson City, NV and 5,500 SF warehouse space at $0.90 Gross/SF/Month.
3. Capital Raising from Investors: The company raises additional capital from investors for acquisitions and renovations, with investors receiving annualized returns (e.g., 11%-25% depending on the property).

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Mobile Home Park Investments LLC acquires, redevelops, repositions, and sells mobile home parks and RV parks as value-add real estate investments. The firm also rehabilitates and leases industrial/warehouse buildings, develops land subdivisions, converts office condos, and develops custom homes, with revenue generated through property disposition gains, rental income, and capital from private investors.

Product overview

Mobile Home Park Investments LLC is a real estate investment firm operating as a single unified offering rather than a platform-plus-modules architecture. The company's primary business is acquiring, renovating, repositioning, and managing mobile home parks and RV parks for value-add investment returns. Additionally, the portfolio includes diverse real estate services: industrial building rehabilitation and leasing (warehouse space, flex/R&D buildings), land subdivision development, office condo conversions, custom home development, truck storage yards, and resort restaurant operations. These property types are managed individually as investment assets rather than as interconnected product modules. The core value proposition centers on identifying distressed properties, implementing operational improvements, upgrading tenant bases, and either stabilizing income or exiting through sale at enhanced valuations.

Differentiator

Problem solved

Functional benefit

Products and services

• Mobile Home Park Acquisitions and Management Core real estate investment service involving acquisition, renovation, and management of mobile home parks for value-add returns. The company purchases distressed or underperforming properties, implements improvements, and either stabilizes for ongoing income or exits through sale.
• RV Park Acquisitions Acquisition and management of recreational vehicle parks, including resort-style properties with both RV sites and permanent structures.
• Industrial Building Rehabilitation Renovation and repositioning of industrial properties including warehouses and flex/R&D buildings. Services include roof replacement, interior/exterior upgrades, and landscaping improvements.
• Warehouse Space Leasing Leasing of industrial/warehouse properties to businesses. Currently includes a 5,500 SF warehouse space in Carson City, NV at 3905 Fairview Drive.
• Land Subdivision Development Development and sale of subdivided land parcels, including residential lot subdivisions.
• Office Condo Conversion Conversion of office properties to condominium ownership structure for sale.
• Custom Home Development Development of custom residential homes on acquired land parcels.
• Truck Storage Yard Commercial storage yard facilities for trucks and commercial vehicles.
• Resort Restaurant Operations Restaurant operations associated with resort properties.

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• 292 Gibraltar Drive (Sunnyvale Office Condo)minorOthersOffice condo at 292 Gibraltar Drive, Sunnyvale, CA - purchased in 2004 and sold in 2006 as part of the company's early property portfolio.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• RHP Properties: Large private owner-operator of manufactured housing communities. Closest scale and strategy analog to MHP Investments as a private, deal-driven MH community investor.
• UMH Properties: Public REIT owning and operating manufactured home communities across the eastern U.S. Closely comparable in asset class and value-add repositioning strategy.
• Sun Communities: Largest publicly traded manufactured housing and RV park REIT in the U.S. Operates MH and RV communities across dozens of states — directly comparable asset class and operating model to MHP Investments' portfolio.
• Equity LifeStyle Properties: Public REIT focused on manufactured home communities and RV resorts. Highly comparable given MHP Investments' dual focus on MH parks and RV parks (e.g., Jakes Corner, Roosevelt Resort Park).
• Flagship Communities: Public REIT specializing in manufactured housing communities, predominantly in the Midwest and Southeast. Comparable in operating geographies (Indiana, Illinois, Missouri overlap with MHP Investments' portfolio).
• Havenpark Communities: Private owner and operator of manufactured home communities pursuing a buy-and-improve strategy. Highly comparable in acquiring underperforming MH parks and improving operations.

Emerging players

• Manufactured Housing Properties: Smaller public REIT that owns and operates manufactured housing communities. Less mature but operates in the same niche asset class.
• Impact Housing: Acquires and operates manufactured housing communities with a value-add approach. Comparable strategy of targeting underperforming parks and repositioning them.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/mhp-invests-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 Mobile Home Park Investments LLC