Portfolio
Self Serve Carwash - 1723 S Miami Blvd, Durham, North Carolina
This marks JAYS Properties, second acquisition of a car wash in Durham. By strategically expanding our commercial and industrial portfolio, we are fortifying our position in the dynamic market. This move aligns with our commitment to building a robust 'Car Wash Sector,' fostering economies of scale, and establishing synergies with our existing car wash locations. This venture in Durham, NC not only signifies our commitment to regional growth but also positions us for continued success in the thriving North Carolina market.
Lake Wheeler Mobile Home Park – 67 Units
Raleigh, North Carolina
Lake Wheeler MHP is a fully paved mobile home park located in Raleigh, NC. This community has 67 tenant owned homes with incredible potential. With rising rents and developments in the area, this is an opportunity to continue to manage and operate this as a mobile home park in a fantastic location. With rapid growth of Raleigh, this opportunity serves as a great community for our tenants and also serve as a value add property for our investors and partners.
Self Serve Carwash - 4437 Neal Rd, Durham, North Carolina
JAYS Properties, LLC has closed its first ever car wash property in North Carolina. The acquisition will increase revenue and bring significant tax benefits. This strategic acquisition will support with diversifying the portfolio for the commercial and industrial arm for JAYS Properties, LLC. This opportunity will also also be a great foot hold in Durham, NC, another growth marketing within North Carolina.
Little River Mobile Home Park – 32 Units
Zebulon, North Carolina
This will be JAYS Properties, LLC. 4th acquisition in the Zebulon market and will be the leader in comparables for the market.
The park is located in Wake County which has been experiencing a 23%+ rent increase in 2022. With rent increases for apartments, affordable housing like this will be the backbone for workforce housing. This property was bought by a mom and pop owner where there will be a tremendous value add with building a community and making the park a more agile living facility for Wake County.
Pullen Station Lofts – 100 Units
Raleigh, North Carolina
A truly unique opportunity, 100 unit studio loft apartment community ideally located between NC State University and the skyscrapers of downtown Raleigh. Our team was able to source this opportunity off-market through an existing relationship.
Pullen Station Lofts is perfectly positioned and has tremendous potential to benefit from the organic growth of Raleigh population and demand for urban housing. There is an opportunity to develop vertically or continue this asset as is with the current zoning. As affordable housing in downtown Raleigh becomes sparse, this asset will be a market driver with attraction for many tenants with rent under the median for downtown Raleigh.
Hutson Mobile Home Park – 31 Units
Whitsett, North Carolina
A new market add to the portfolio in the Burlington/TRIAD MSA. Greensboro, NC is seeing significant growth in rentals, apartment complexes, and development. This mobile home park has below market lot rents and gives JAYS Properties, LLC an opportunity to buy at scale more mobile home parks and properties in this MSA. with value add and below market lot rent. With affordable housing being critical in this market we see this property being a market driver in Whitsett to continue with affordability and a safe community for all residents.
Edgemont Mobile Home Park – 31 Units
Wendell, North Carolina
A great addition to the portfolio with value add and below market lot rent. This opportunity allowed JAYS Properties, LLC to be the market driver Northeast of Raleigh, NC and allowed to build scale in the already invested market. This will be a great opportunity to convert to city water and provide better service to tenants. This mobile home park has long standing tenants and will continue to be a great affordable housing community where there is an already low inventory in the Raleigh MSA.
Eagles Landing Mobile Home Park – 63 Units
Broadway, North Carolina
This is a value-add community that was purchased as a portfolio with Old Hundred Mobile Home Park. This community has significant vacancies with room to infill and increase lot rents. This community has mostly tenant owned homes which allows the investors to reduce expenses on the park owned homes and allows the general partners to execute on the business plan to fill vacancies.
Old Hundred Mobile Home Park – 29 Units
Lillington, North Carolina
Located near the Raleigh, NC MSA, this fully paved community is in immaculate condition. This community offers 27 new park owned homes with 2 tenant owned homes. This has city water & septic which allows for limited expenses to investors. There is value added with increasing rents to market level and continuing to offer safe affordable housing as Raleigh continues to expand.
Long’s Mobile Home Park – 39 Units
Zebulon, North Carolina
Beautiful community about 1 mile from downtown Zebulon. This mobile home park consists of a mixture of lot rents and park owned homes. The property is in process of significant value add by adding paved roads, renovating the mailboxes, and improving landscaping.
Cimarron Mobile Home Park - 40 Units
Spring Lake, North Carolina
Located in the Fayetteville, NC MSA –, this paved 40 lot community has been renovated completely. This property now offers safe, family friendly, affordable housing to many tenants that commute to Fort Bragg or into Fayetteville. Cimarron Mobile Home Park is on city water & sewer which offers significant value to tenants as well.
Gibson Mobile Home Park – 32 Units
Ringgold, Virginia
The first expansion for JAYS Properties, LLC into Virginia. This community offers stabilized rental income while also having value add components with infilling vacancies and raising rents to market level. The mobile home park has long lasting tenants who have been there 15+ years and love living there. This mobile home park near the Danville MSA will help maintain affordable housing in the area as the new casino and single family homes are built in the area.
Dupree Estates – 76 Units
Louisburg, North Carolina
Dupree Estates is a fully paved mobile home park located in the Raleigh, NC MSA. This offering had significantly below market lot rental rates with room to continue to increase lot rent and install a utility bill back system. Dupree Estates is in a prime location near Highway 401 going to Louisburg from Raleigh. A tremendous tribute to many single-family communities developed and overall increase in population.
McIntosh Apartments – 15 Units
Greensboro, North Carolina
Situated in a growth market, Greensboro, North Carolina, this opportunity was purchased with the intent to renovate the interior and exterior. As it sits today, this property is now 100% occupied with 7 of the 15 units renovated. This property had significant deferred maintenance prior to the take over from JAYS Properties, LLC. and will continue to be renovated as there is turnover.
Rumbaugh Estates - 57 Units - Sold May 2020
Midland, Michigan
Located in Midland, Michigan, this manufactured housing community features 57 sites across 38+ acres. This community offered a strategic position in the Central US market with upside on filling vacancy.
Hauppauge Center – 201,000 sq. ft. - Sold December 2021
Mixed-Use/Office Space
Hauppauge, New York
A Class A mixed use and office space, - this modern 4 star building offers tenants many amenities and is centrally located in Long Island, NY. It is equipped with an on-site state of the art fitness center, banking center, shared or private conference centers, and on-site property management.
Chimes Building/UA Towers - Sold August 2016
152,000 sq. ft.
Luxury Apartment Conversion
Syracuse, New York
This unique property used to be utilized as a mixed-use office building. With a lack of housing offered in downtown Syracuse, NY, – this building was converted to a luxury class A apartment building with over 33 apartments built by our partners. This building is Syracuse’s most prominent building designed by Shreve, Lamb and Harmon architects, the same New York City firm that designed the Empire State Building two years later.