| MC
Equities, LLC, (MCE) a Nevada limited liability
company, was founded in 1998 by its president, Mark
Coleman, in order to acquire and provide professional
management services to manufactured home communities. At that
time, Mark was
instrumental in the acquisition of two properties in Oregon
and Arizona, and responsible for their daily professional
management.
The security that these properties offered
together with the attractive return on equity yields they
provided, was the impetus behind the formation of MCE.
The company’s first independent purchase was an 80 space
community in eastern Utah. Suffering from poor management,
high vacancy rates and low curb appeal, the property was a
challenge to turn around. Over the next 2 ½ years
MCE discovered their forte: adding value to
under-performing properties and improving the lifestyles of
their residents. This small-market, tired property was transformed
to a fully occupied community where residents demonstrated
their pride of ownership. It was sold at a 35% profit, less
than three years later.
That acquisition became the springboard for
MCE to aggressively
become involved in the manufactured home community industry.
From
1999 to present MCE has been instrumental in the acquisition
and management of 21 communities located throughout
the continental United States, totaling more than 3900 home
sites
Given the fact that Mark
Coleman is a Canadian citizen, he has chosen to establish
the corporate office in Vancouver, Canada. The company currently
has nine key associates at their head office whose responsibilities
include regional asset management, accounting and financial
reporting. MCE is currently in contract on additional communities in Arizona and
Texas, and is planning on acquiring additional properties throughout
the continental United States in the future.All
of the properties that are owned or managed by MC Equities,
LLC are recognized in their respective communities as being
among the finest parks in the area, and as a result have occupancy
rates averaging 93%+.
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