Havenpark spent $36 million on capital expenditures in 2024 to maintain and improve its properties with projects that add value and elevate the resident experience.
OREM, Utah, March 17, 2025 /PRNewswire/ -- Havenpark Communities, a leading operator and developer of manufactured home communities, announced today its pledge to invest $43.7 million in 2025 to further enhance and modernize its properties. Building on the $36.4 million investment Havenpark made across its communities in 2024, this significant commitment reflects Havenpark's continued dedication to creating vibrant, safe, and accessible neighborhoods for residents across the country.
Havenpark is dedicated to fostering communities that provide residents with a sense of home.
Havenpark Communities plans to invest $43.7 million across its communities this year with upgrades and improvements.
Havenpark spent $36 million on capital expenditures in 2024 to maintain and improve its properties with projects that add value and elevate the resident experience.
Investments will be used for updating community amenities including clubhouses.
The planned 2025 investments will prioritize critical infrastructure upgrades, the development of new amenities, and enhancements that foster stronger, more connected communities. The company's focus will include improvements that increase the value of residents' homes, reinforcing Havenpark's mission to provide affordable and quality living options.
This pledge follows a record-breaking year for Havenpark. In 2024, the company invested $36.4 million in capital improvements, exceeding its original $27.6 million goal by $8.8 million, reinforcing its commitment to maintaining quality communities for its residents.
"We are dedicated to creating communities that our residents are proud to call home," said Robbie Pratt, CEO and co-founder of Havenpark. "These investments not only improve our residents' living experience but also add value to their homes, which is an important part of our mission."
The company plans to prioritize significant infrastructure upgrades to foster stronger, connected communities. By continuing its commitment to thoughtful and impactful investments, Havenpark aims to create lasting value for both current and future residents while contributing to the growth and vitality of the manufactured housing sector. Through investments in communities, Havenpark is making quality living accessible for residents across the country.
About Havenpark
Havenpark is an operator and developer of manufactured home communities and makes caring communities attainable for responsible residents. Havenpark believes in respectful and professional management, well-maintained communities, and attainable homeownership. Havenpark makes long-term investments in its communities, providing enduring value for current and future residents.
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