Case Study: SD MAIDEN Asset Overview

Challenge:
The Maiden Home Park, acquired with an initial 60% vacancy rate, presented significant issues including the need for extensive demolition of deteriorated homes, problematic tenant behavior, and substandard roadways and infrastructure.

Solution:
A comprehensive revitalization strategy was implemented. This included the demolition and removal of outdated homes, the departure of problematic tenants, and a complete overhaul of the park's roadways and infrastructure. New mobile homes were introduced, and the park underwent a significant aesthetic upgrade. This transformation facilitated the reoccupation of the park by new tenants.

Positive Outcome:
The strategic redevelopment of Maiden Home Park has successfully repositioned it as a highly desirable residential location. The park is now recognized for its family-friendly environment and has seen rental rates increase by over 50% since the redevelopment.