Since 2015, we’ve acquired 10 parks and over 660 sites across the Southeast. Only 3 of those purchases came from a traditional listing service. The majority of them were the result of direct contact with the owner of an off-market opportunity from an established relationship with an agent. Glenn Esterson and his team are not transactional brokers, however, I view them more as a trusted advisor whose skill set spans beyond simply taking us to close.
We have worked with Glenn Esterson over the last two years as a buyer on several transactions, around 1,000 units. These were in North Carolina and Georgia and we are working on further deals to this day. Glenn does a great job of striking a balance between the seller and buyer and has delivered profitable deals. He has also worked hard anytime a deal has any challenges, to come up with creative solutions to get to the finish line and keep all parties comfortable and protected.
We are happy to recommend Glenn and his team to any buyer or seller of manufactured housing communities.
Dear Glenn, I wanted to take this moment and express how much I have enjoyed and appreciate working with you and your team over the past 18 months to purchase mobile home parks in the Southeast. First, as an out-of-state buyer I have very specific needs based on my investment criteria, and you are continuously putting on- and off-market, high-quality deals in front of me for my review throughout the year. Secondly, after identifying one of those deals to put under contract, you were very timely and efficient from the LOI straight through to the close, always keeping the deal moving along and always with a positive attitude.
Jones Estates has acquired 13 communities and have only ever sold two. Glenn marketed the properties very well, generated significant interest, and then was able to help us select the right buyer, who not only paid a good price but also was credible to close the transaction. Glenn made the transaction simple for us and worked hard along the way to represent our interests. In aggregate, the deals closed for just over $5.5M, and both closed along the pre-agreed timeline.
We tried to sell our large 5 park portfolio on our own first, then tried local brokers, then TenX all unsuccessfully. Soon after we were approached by Glenn Esterson. Glenn quickly assessed our parks, provided a comprehensive BOV and explained that his network had the right buyers for our portfolio. We were quickly under contract and Glenn was instrumental in negotiations between both parties throughout the process. I recommend Glenn to anyone that is interested in or thinking about selling their park or portfolio. Glenn works quickly and his no nonsense way of doing business makes you feel that you are dealing with someone that truly understands the market and at what price these properties will sell.
Glenn and his team have an impressive off-market deal flow pipeline. They are thorough in their support of the due diligence process and work hard to facilitate a smooth transactional process.
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