The Pikewood Playbook

Building value by transforming underutilized mobile home communities into high-performing investments.

The Process

A Proven Investment Strategy

At Pikewood Capital, we focus on steady, reliable growth through a disciplined, research-driven approach to managing assets, tailored for resilience across market cycles.

Buy Undervalued Mobile Home Parks

We leverage our deep industry relationships with brokers and aggressive direct-to-principal off-market deal sourcing strategy to find, evaluate, and acquire the best opportunities in key Midwest markets

 

Increase Revenue

By making strategic property improvements, we enhance the resident experience and earn full market rents. By installing submeters and billing residents back for their utility usage, we're able to recapture expenses--driving NOI and encouraging conservation

 

Increase Occupancy

We drive occupancy though our aggressive home sales and rehab programs. We're proud to deliver much needed quality, affordable housing! We are 100% vertically integrated--we can move, install, rehab, and sell new and used homes in-house, giving us a competitive advantage in home sales and infill.

 

Increase Efficiency

Our seasoned property management team implements best practices in collections, property maintenance, and technology driven expense controls to ensure efficiency throughout our portfolio. Our experienced project management team ensures that capex and R&M arecompleted on time and within budget.

 

Exit-Refinance or Sale

After implementing our value add plan, we refinance into attractive, long term Agency or CMBS debt, or we pursue an opportunistic sale after a 5-7 year hold period

 

Brooks Humphreys II

Brooks Humphreys II

Investor Relations & Financial Operations

Brooks is responsible for investor relations and managing the fund’s financial operations. Brooks has been a full-time real estate investor since 2013 and has participated in the acquisition, renovation, management and/or disposition of over 1,000 single family homes. Brooks has also led successful syndications in multiple asset classes including single family, MHP and industrial. He has experience in raising and structuring investor capital as both debt and equity with the ultimate goal of putting the investor first to develop long term, lasting relationships. Brooks graduated from The Ohio State University with a degree in Marketing and lives in Columbus, OH with his wife and three boys.

Brian Langenmayr

Brian Langenmayr

Acquisitions, Development & Debt Sourcing

Brian leads the development and implementation of value added strategies for Pikewood, including infill and rehab operations. He also leads Pikewood’s acquisitions and debt sourcing operations. Together with Rick, Brian has led the acquisition, repositioning, and exit on multiple communities throughout Ohio and Michigan. Brian began his career in real estate acquiring, renovating, and renting single family and small multifamily properties in the San Francisco Bay Area before becoming a manufactured housing community broker for a top nationwide team and purchasing his first MHC. Brian is a graduate of Wesleyan University with a B.A. in Economics and resides in Orange Village, OH with his wife, Rose, and three children.

Rick Bergman

Rick Bergman

Financial & Property Managament Operations

Rick has been actively involved as an owner/operator of manufactured housing communities since 2002. He has owned a total of 15 communities over his 20+ years in the business. In the past 3 years, Rick has led the acquisition, repositioning, and sale of Wickliffe MHP and the turnaround and refinance of Kimball Estates, resulting in 4X and 3x equity multiples, respectively. Rick leads the financial and property management operations for Pikewood Capital, implementing effective tech based property management systems. He is a graduate of The Ohio State University with a degree in Physical Therapy, and is also a licensed real estate agent specializing in manufactured housing. Rick resides in Hilliard, OH with his wife, Sue, and four children.

PIKEWOOD CAPITAL