We wanted to get into something that there was less competition with in general.

And so that was one of the big reasons we started looking at deals and performers.

And we're like, wow, we're looking at eight caps, nine caps, ten caps, maybe more if it's a mom and pop seller.

And the numbers were really good.

But it's a pretty complex asset class, meaning that you're renovating homes, you're selling homes, you're renting

homes, you have different models within a community.

So we saw the opportunity there and built out a vertically integrated company.

Welcome to the Real Estate Strategies podcast.

I'm Ken McRoy, and I'm here to give you creative ideas on how you can get started or continue your journey in real estate.

Each week we will bring you inspiring and informative conversations with successful people and their path to obtaining or investing in real estate.

Enjoy the episode. Today on our show, we have Andrew

Illinois, who is the founder and chief executive officer of Four Peaks Capital Partners. In 2009,

Andrew began investing in single-family residences and acquired well over 100 properties in under

four years. During this time frame, he discovered the massive demand

for affordable housing in America and chose to focus on manufacture housing and mobile home

parks and created his company, Park Place Communities. In less than five years, Andrew and

team have closed on over 28 manufactured housing communities in 13 states with close to 2,000 lots

quickly making park place communities a top 100 owner operator in the United States.

Hey, Andrew.

How you doing?

Awesome.

Awesome.

...