Iron Horse acquired Belleglade Mobile Home Park in April 2017. We have improved occupancy in the 80-acre, 355 lot community from below 45% to 74% as of April 2021. We expect Belleglade to be fully stabilized in 2023.
Iron Horse acquired Coweta Hills in November 2013. We made significant capital improvements and began the program to bring in the attractive and upgraded homes you see in the park today. The 43 acre, 150 lot park was sold in July 2015 and is currently owned and managed by Inspire Communities.
Iron Horse purchased Pine Lake in August 2010. At the time we purchased the community, it was at sub-50% occupancy. Iron Horse sold the 200 lot community fully-stabilized (100% occupancy) in 2015.