Case Study

Tulare Royal Palms

Manufactured Housing Community • Tulare, CA

Tulare Royal Palms, a gem of a community in California’s Central Valley, wasn’t listed on any marketplace; it was an opportunity waiting to be discovered.  Through our strong network in the manufactured housing industry, we learned about this age-restricted neighborhood with its inviting pool, welcoming clubhouse, and resident-favorite library.

The location was unbeatable – a stroll away from parks, shopping, and essential healthcare. We recognized the potential to enhance this community even further, adding value for both current residents and future investors. Our strategic acquisition set the stage for a targeted value-add plan.

While the details remain our trade secret, we carefully crafted improvements tailored to the needs of this community.  The result?  A revitalized Tulare Royal Palms that attracted the interest of a respected national operator. This successful exit, yielding significant returns, validates Three Pillar Communities’ ability to recognize hidden value, elevate existing assets, and leverage industry relationships for optimal outcomes.

Projects like Tulare Royal Palms showcase our commitment to creating thriving communities where people want to live, while simultaneously delivering strong results for our investors.

Unit Count
96 lots

Acquisition Type

Market Profile

Purchase Price

Sale Price

Equity Multiple

Resident Wins

New Signage
New Manufactured Homes
Resident Social Program

Investor Wins

35% IRR