Kristi McGovern. www.ArxCommunities.com. kristi@arxmanagement.com
July 7, 2021
Berwyn, Pennsylvania

Arx Fund I Acquires Gloucester County Premier Manufactured Home Community

Arx Fund I, L.P. announced it has completed the purchase of Lake Acres Mobile Home Park in Gloucester County, New Jersey. Situated on approximately 8 acres, the community contains 43 homesites, which are 100% occupied.

Nathan Jameson, Managing Director for Arx Capital, commented, “Lake Acres is a beautiful quaint community in a progressive area of New Jersey. We are happy to be able to offer high quality affordable housing in an up-and-coming town. Lake Acres adds to our growing presence in the area and enables us to leverage management efficiencies to everyone’s benefit.”

Arx will work to enhance the home inventory and improve overall curb appeal over the next couple years, making this a community a place each resident is happy to call home. Lake Acres is located just outside of Vineland with easy access to Atlantic City and Philadelphia.

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Arx Fund I, L.P. acquires, improves and manages manufactured home communities. Organized in 2020, the Fund currently owns 13 manufactured home communities in New Jersey, Pennsylvania, and Maryland.

The sponsor of the Fund is Arx Capital, LLC. Arx Capital is a real estate investment sponsor specializing in value-add and opportunistic investments in the Northeastern and Mid-Atlantic United States. Arx’s principals have more than 20 years’ experience investing in, permitting, developing, and selling real estate. Organized in 2016, Arx Capital manages real estate assets valued at nearly $75 million.

Kristi McGovern. www.ArxCommunities.com. kristi@arxmanagement.com
October 7, 2021
Berwyn, Pennsylvania

Arx Fund I Acquires Three Pennsylvania Communities

Arx Fund I, L.P. announced it has completed the purchase of Aston Glen, Hawk Hills, and Gap View mobile home parks. The three communities together contain 96 homesites. While Gap View is mostly occupied, the other two have substantial vacancy, which is one of the characteristics that attracted Arx to the portfolio.

Levi Jekel, Chief Financial Officer for Arx Capital, commented, “We are excited about the growth and improvements we can make to these properties. With the low vacancy rate we have the ability to put new homes into the communities, upgrading the value of each and offering the potential residents obtainable quality housing.”

Asten Glen is located in the charming town of Lehighton, Pennsylvania. This quaint community has 23 homesites and is approximately 48% occupied. Hawk Hills is located in Freeland, Pennsylvania. This community has 37 homesites and is approximately 25% occupied. Gap View is located in the picturesque town of Walnutport, Pennsylvania. This community has 35 homesites and is approximately 83% occupied.
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Arx Fund I, L.P. acquires, improves and manages manufactured home communities. Organized in 2020, the Fund currently owns 13 manufactured home communities in New Jersey, Pennsylvania, and Maryland.

The sponsor of the Fund is Arx Capital, LLC. Arx Capital is a real estate investment sponsor specializing in value-add and opportunistic investments in the Northeastern and Mid-Atlantic United States. Arx’s principals have more than 20 years’ experience investing in, permitting, developing, and selling real estate. Organized in 2016, Arx Capital manages real estate assets valued at nearly $100 million.

Kristi McGovern. www.ArxCommunities.com. kristi@arxmanagement.com
Jun 30, 2021
Berwyn, Pennsylvania

Arx Fund I Acquires Bucks County 55+ Manufactured Home Community

12th Property Brings Fund’s Total Homesites to More than 1,000

Arx Fund I, L.P. announced it has completed the purchase of Ann Reno Mobile Home Park in Bucks County, Pennsylvania. Situated on approximately 9 acres, the community contains a combination of 55 homesites and apartments, of which approximately 98% are occupied.

Nathan Jameson, Managing Director for Arx Capital, commented, “We were pleased to help the owners of this beautiful community realize their dream of retirement through the sale of the property. The property’s size and location make it an excellent addition to the Fund.”

Arx will re-brand the 55+ age-qualified community as Rockhill Village. Rockhill Village’s residents enjoy the bucolic Bucks County, PA setting, while being close to Route 309 with easy access to shopping, restaurants and entertainment.

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Arx Fund I, L.P. acquires, improves and manages manufactured home communities. Organized in 2020, the Fund currently owns 12 manufactured home communities in New Jersey, Pennsylvania, and Maryland.

The sponsor of the Fund is Arx Capital, LLC. Arx Capital is a real estate investment sponsor specializing in value-add and opportunistic investments in the Northeastern and Mid-Atlantic United States. Arx’s principals have more than 20 years’ experience investing in, permitting, developing, and selling real estate. Organized in 2016, Arx Capital manages real estate assets valued at nearly $75 million.