Mead Manor MHC is a 49-lot workforce manufactured housing community located in West Odessa, positioned squarely within the Permian Basin employment corridor. The property is approximately 94% occupied, generating immediate in-place cash flow while offering clear, execution-driven upside for experienced operators.
Mead Manor is an operator-focused value-add opportunity, with upside driven by vacancy infill, rent normalization, improved collections, and disciplined expense management. The current rent structure includes workforce lot rents and select higher-paying tenants, supporting a clear path to revenue standardization and NOI growth.
Well-positioned, operator-driven asset in the heart of the Permian Basin workforce corridor
Serving oilfield services, construction, industrial, and logistics employment throughout West Odessa, Mead Manor benefits from consistent workforce demand tied to long-term Permian Basin activity. With a lean expense profile and no reliance on speculative redevelopment, this asset offers durable cash flow with a defined path to stabilization through hands-on execution.
- 49 developed lots with approximately 94% occupancy (46 occupied / 3 vacant)
- Immediate in-place cash flow with clear, operator-driven value-add upside
- In-place lot rents ranging $450–$550, with select premium tenants paying higher rates
- Value-add through infill, rent normalization, and collections improvement
- Lean operating profile, with water as the primary expense line item
- West Odessa Permian Basin location supporting consistent workforce housing demand
