| MC
Equities, LLC, (MCE) a Nevada limited liability
company, was founded in 1998 by its president,
Mark Coleman,
in order to acquire and provide professional management services
to manufactured home communities. At that time, Mark
was instrumental in the acquisition of two properties in Oregon
and Arizona, and responsible for their daily professional
management.
The security
that these properties offered together with the attractive
return on equity yields they provided, was the impetus behind
the formation of MCE.
The company’s first independent purchase was an 80 space
community in eastern Utah. Suffering from poor management,
high vacancy rates and low curb appeal, the property was a
challenge to turn around. Over the next 2 ½ years
MCE discovered their forte: adding value to
under-performing properties and improving the lifestyles of
their residents. This small-market, tired property was transformed
to a fully occupied community where residents demonstrated
their pride of ownership. It was sold at a 35% profit, less
than three years later.
That acquisition
became the springboard for MCE
to aggressively become involved in the manufactured home community
industry. From 1999 to 2003, MCE has been instrumental in
the acquisition and management of 14 additional communities
located in 7 states, totaling more than 3,400 home-sites.
Given the fact that Mark
Coleman is a Canadian citizen, he has chosen to establish
the corporate office in Vancouver, Canada. The company currently
has nine key associates at their head office whose responsibilities
include regional asset management, accounting and financial
reporting. MCE
is committed to continue to acquire new communities nationwide,
and take pride in the fact that their existing communities
are regarded as being among the finest in their area.
|