Getting your player ready...
Littleton-based Caddis Capital Investments LLC has purchased two manufactured home communities in Arizona for $10.8 million.
The properties are Paradise Valley Ranch, a 168-unit development in Paradise Valley and the 100-unit Chaparral Ranch in Apache Junction. Both locations are in metropolitan Phoenix.
“The Arizona market is prime for this type of product with a thriving ecosystem for baby boomers who are passionate about pursuing their retirement goals,” said Tery Larrew, founder and managing partner of .
Caddis focuses on the acquisition of what it describes as “undervalued, mismanaged, subperforming or improperly capitalized income-producing assets.”
Steve Raabe: 303-954-1948, sraabe@denverpost.com or twitter.com/steveraabedp
