Stone Cap Premier Announces New Acquisition in Mobile, AL MSA

Theodore, AL – Stone Cap Premier I, Stone Capital’s Value Add and Opportunistic MHP fund, is pleased to announce its latest acquisition, Delabe Forest Mobile Home Park, which successfully closed last Friday, June 7th.

Situated in Theodore, AL Delabe Forest boasts 65 lots (63% occupied), including 1 apartment, 23 POH’s of which, 17 are a 2017 vintage or newer. This marks Stone Capital’s entry into the Mobile, Alabama market as they continue to expand their presence throughout the Southeast.

“We believe Delabe to be a compelling value play in an expanding market. With strong demographics in the Mobile MSA, our stabilization plan will provide affordable home ownership opportunities and value creation in the community,” Frank Rizzo, CEO of Stone Capital stated, “We anticipate that after we execute our business plan, Delabe Forest will be a strong performer in our portfolio and add growth to the Parkhaven Community brand.”