Case Study

Renton Highland Manor

Manufactured Housing Community • Renton, WA

Just outside Seattle’s bustling core, Renton Highland Manor was a community with hidden potential. While neglected, we saw what others didn’t: the hardworking people who needed quality housing near their jobs and the opportunity to create a thriving neighborhood. 

Through open communication in both English and Spanish, we listened closely to resident concerns and aspirations and set to work. New roads, welcoming landscaping, a safe place for kids to play – these weren’t just upgrades, they were a commitment to respect the residents of this community. The addition of new homes expanded the neighborhood’s capacity, welcoming new families and fostering a sense of shared possibility.

Renton Highland Manor’s success is rooted in the renewed sense of pride its residents now share. It’s a clear example of what collaboration can achieve, and how our mission to create attainable housing solutions goes hand-in-hand with empowering residents and fostering thriving communities.

This project exemplifies our belief in the potential of communities and our ability to unlock it through resident-centered investments.

Unit Count
49 lots

Acquisition Type
Value-add

Market Profile
Urban (Core)

Purchase Price
$3,250,000

Valuation Upon Refinancing
$5,550,000

Value Increase
71%

Resident Wins

New roads,
New stone entry wall,
New playground for kids
New manufactured homes

Investor Wins

30% IRR
1.9X Equity Multiple