Sunrise Capital Acquires Mobile Acres Manufactured Housing Community in Ohio
Sunrise Capital Investors LLC has acquired Mobile Acres, a 100-lot manufactured housing community located in Ashtabula, Ohio. The property was reported to be 94% occupied at the time of acquisition, with 74 homes owned by residents. Ashtabula is home to various industries including manufacturing and healthcare, contributing to a stable demand for affordable housing options given its median household income of approximately $44,000. Sunrise Capital plans to fill vacant lots with new homes and invest in infrastructure improvements such as roadwork and landscaping. Founded in 2014, Sunrise Capital manages over $475 million in assets and focuses on acquiring recession-resilient manufactured housing communities that generate consistent cash flow for long-term value creation.
