Joel Mazur

Founder and CEO of Sado Capital. Buying and operating manufactured home communities. 10 parks acquired across 7 states. Love Phish & Stern. Go Blue!

[Joel Mazur @jdmiser]

Wanted to share an update on what we've been up to at Sado Capital. Last year we acquired two manufactured housing community portfolios in the Northeast:

The Belfast Portfolio in coastal Maine (Hyland Estates and Seacoast Village).

Relationship with the seller started years ago when I gave him some operational advice on a mobile home park forum.

After spending many years investing his own time and capital into the properties (replacing water and sewer infrastructure, removing older homes and bringing in newer inventory) he decided to step back.

Since acquiring the portfolio, we've continued to invest in the communities, including approximately $267K toward road improvements at Hyland along with drainage and culvert work.

When it comes to rents, we've only moderately increased rates for the residents. I'd rather operate with a long-term mindset than maximize short-term revenue at the expense of resident stability.

The portfolio also includes 31 fully entitled expansion sites adjacent to Seacoast Village. If and when timing makes sense, these would add meaningful affordable housing supply to the area.

The Meadows Portfolio near Concord, New Hampshire (Deer Meadow and The Meadows of Hopkinton).

130 high-quality home sites plus a small apartment component. Seller had developed and operated these for 45+ years.

A lot of the homes are doublewides with attached garages. The communities are extremely well kept, the surrounding area is beautiful, and the residents clearly take pride in ownership.

Current projects include renovating vacant apartments, rehabbing an abandoned home, repaving roads, and installing a new arsenic water treatment system.

Our goal is to continue improving the communities, reinvesting heavily into the infrastructure, and holding them for the long term. Communities like these are becoming increasingly difficult to replicate.

We have another park under contract and are actively evaluating additional opportunities.

If you're interested in partnering with us on future deals, DM me. We distribute our offerings privately to investors we know personally and have built relationships with over time.

[Joel Mazur @jdmiser]

@KarinaRykman @ZabarsIsNY Amazing. Life is so much better when you ditch that algorithm and stick to the "Following" tab.

[Joel Mazur @jdmiser]

@EdelkopfYossi I don't blame these guys. I blame the enablers who apparently don't know how to use Google.

[Joel Mazur @jdmiser]

@walkinintheyard Congrats, bud. Was this the one you were looking to convert to loft space as well?

[Joel Mazur @jdmiser]

@EllliotttB Should fight at that stupid UFC match they're setting up at the White House.

[Joel Mazur @jdmiser]

@shawngorham Just felt like this place was dead forever. How are people even using while keeping sane now? Using the Following tab? I just get garbage on my Recommended feed. Baker would be having a field day.

[Joel Mazur @jdmiser]

@shapsio @CatoTN @edgrobert8 @phish @mike_gordon I remember being at a friend's party that night and hearing about the DWD.

It felt like that was THE moment they were back. Very profound at the time.

[Joel Mazur @jdmiser]

@Wombat_Matt @SCI_Official I decided to go over to "Following" and was just rewarded. They are so good.

[Joel Mazur @jdmiser]

If you're starting out raising capital for real estate, don't let the whole social media craze throw you off.

Unless you're chasing a giant AUM biz, you don't need a million investors. You need a few good ones.

Find quality deals and that small base repeats and grows over time, mostly through word of mouth.

The loudest person online isn't usually the best operator. Build the track record and the capital will come.

[Joel Mazur @jdmiser]

@EdelkopfYossi I'm not sure where this idea is that he didnt procure retail equity. Groups like Trinity are huge feeder funds for that.

[Joel Mazur @jdmiser]

@EllliotttB Yep. People talking about how to make sure you're conservatively levered or fixed instead so you can safely deliver that 7% YOC on class c apts.

[Joel Mazur @jdmiser]

@PinkPoloShorts @PerrySolem Lol

[Joel Mazur @jdmiser]

@GoodGuyGuaranty Amazing. This is I don't want the legislature to reverse course. They made their bed and must lie in it.

[Joel Mazur @jdmiser]

@Jefffeldman Horrible

[Joel Mazur @jdmiser]

@MatznerJon He deserves an award for being the most boring fraudulent interviewee of all time.

[Joel Mazur @jdmiser]

@CollinRugg What a scumbag. Good riddance.

[Joel Mazur @jdmiser]

@MassieforKY I’m surprised it wasn’t more. No purse is big enough to fight the isolationists.

What he meant by “we” is those who don’t subscribe to your Old Right fringe ideology.

Your faction was on the wrong side of history during WWII just as much as it is today.

[Joel Mazur @jdmiser]

@DanBilzerian Now imagine how great you'd feel if you quit being an antisemitic dunce.

[Joel Mazur @jdmiser]

These lists are always so funny to me when they don't list the Grateful Dead and Phish.

[🎸 Rock History 🎸 @historyrock_]

Top 10 bands of all time by Spin Magazine.

1. The Beatles
2. Ramones
3. Led Zeppelin
4. Bob Marley & The Wailers
5. Nirvana
6. Parliament/Funkadelic
7. The Clash
8. Public Enemy
9. The Rolling Stones
10. Beastie Boys

[Joel Mazur @jdmiser]

@moseskagan Shameful.

[Joel Mazur @jdmiser]

If you'd like to follow along with future updates, you can sign up for the newsletter here:

https://t.co/yfvcc8G7DL

[Joel Mazur @jdmiser]

Wanted to share an update on what we've been up to at Sado Capital. Last year we acquired two manufactured housing community portfolios in the Northeast:

The Belfast Portfolio in coastal Maine (Hyland Estates and Seacoast Village).

Relationship with the seller started years ago when I gave him some operational advice on a mobile home park forum.

After spending many years investing his own time and capital into the properties (replacing water and sewer infrastructure, removing older homes and bringing in newer inventory) he decided to step back.

Since acquiring the portfolio, we've continued to invest in the communities, including approximately $267K toward road improvements at Hyland along with drainage and culvert work.

When it comes to rents, we've only moderately increased rates for the residents. I'd rather operate with a long-term mindset than maximize short-term revenue at the expense of resident stability.

The portfolio also includes 31 fully entitled expansion sites adjacent to Seacoast Village. If and when timing makes sense, these would add meaningful affordable housing supply to the area.

The Meadows Portfolio near Concord, New Hampshire (Deer Meadow and The Meadows of Hopkinton).

130 high-quality home sites plus a small apartment component. Seller had developed and operated these for 45+ years.

A lot of the homes are doublewides with attached garages. The communities are extremely well kept, the surrounding area is beautiful, and the residents clearly take pride in ownership.

Current projects include renovating vacant apartments, rehabbing an abandoned home, repaving roads, and installing a new arsenic water treatment system.

Our goal is to continue improving the communities, reinvesting heavily into the infrastructure, and holding them for the long term. Communities like these are becoming increasingly difficult to replicate.

We have another park under contract and are actively evaluating additional opportunities.

If you're interested in partnering with us on future deals, DM me. We distribute our offerings privately to investors we know personally and have built relationships with over time.