Our business model serves working class America.  We believe every person should be treated fairly and equally. We invest capital to improve lives. We seek investments which are under-served or have been neglected.  TREAD is committed to making the world a better place for everyone.

REAL ESTATE INVESTMENTS

Farmville Park

Initially an 85-site park, now a 150-site community. Tread spent three years adding 40 homes (average size 1,000sf) at a price point of less than $600/month. Average 3 BR rent in the area is over $1,200/month with very limited supply of affordable housing. Improvements include: paved roads, street lights, fence, community area. 

 

Location: Farmville, VA

Sites: 150

Status: Sold

Purchased: 2016

Utilities: Public

Greeneleigh Village

Located in the Smoky Mountains just off I-81, Greeneleigh began as a 100-site park with 60 homes, half of which were vacant. In less than a year Tread renovated 30 homes and added 40 homes - adding 70 affordable units in an area of high demand. Improving management and offering residents the ability to own their own home was key to the success of this beautiful community.

 

Location: Midway, TN

Sites: 115

Status: Sold

Purchased: 2016

Utilities: Public

Ravenwood

Ravenwood was suffering from a lack of capital. Tread invested significant capital cleaning up the park, renovating homes and adding amenities. The most affordable form of housing within a 50-mile radius, Ravenwood transformed into a very close-knit community full of families with diverse backgrounds. 

 

Location: Greeneville, TN

Sites: 215

Status: Sold

Purchased: 2017

Utilities: Public

Greenlawn Estates

Greenlawn had 30 vacant homes and was purchased out of foreclosure. In 18 months Tread renovated the vacant homes and purchased 40 brand new homes, and replaced utility infrastructure. In Q1 2020, the community will be complete once all roads are completely resurfaced. 

 

Location: Zanesville, OH

Sites: 150

Status: Stabilized

Purchased: 2017

Utilities: Public

Camelot Villas

Camelot Villas is a 260-site MHC located in Genesee township near Mt. Morris, MI.  This master planned community offers affordable housing with luxurious amenities including a clubhouse and pool. Camelot is situated on 60 acres with public utilities. Tread continues to add new homes to satisfy the extreme demand for affordable housing in Genesee. 

 

Location: Genesee, MI 

Sites: 260

Status: Value-Add

Purchased: 2018

Utilities: Public

Saginaw Villas

Saginaw Villas is a 467-site MHC in the growing city of Saginaw, Michigan. Master planned community with sidewalks and large lots. Saginaw is situated on 80 acres with public utilities. Located in an Opportunity Zone

 

Location: Saginaw, MI 

Sites: 460

Status: Sold

Purchased: 2018

Utilities: Public

Bluegrass Meadows

Beautiful views of the rolling hills and bluegrass fields, Bluegrass Meadows MHP supports over 150 sites. Situated in Eastern Kentucky less than an hour from Nashville, TN, the property offers great potential through adding homes in this market with extremely high demand for affordable housing. The community has public utilities directly billed to residents. 

Location: Russellville, KY

Sites: 150

Status: Sold

Purchased: 2018

Utilities: Public

Cartersville Estates

Located in the cozy town of Cartersville, VA, Cartersville Estates has 15 home sites with an additional 20 acres for potential expansion. Expansion would support approximately 100 units. Less than an hour from Richmond, VA, Cartersville is the home of Cobbs Creek Reservoir and is located along the James River.  The property is currently stabilized and is for sale.

Location: Cartersville, VA

Sites: 15

Status: Sold

Purchased: 2018

Utilities: Private

Gardner Estates

In the foothills of the Appalachian mountains, Gardner Estates has 200 home sites with an area for expansion. Princeton, WV is located along the New River in a beautiful part of the country. It is also the home of very hard working people and a strong sense of community. We look forward to adding new homes to this community.

Location: Princeton, WV

Sites: 200

Status: Stabilized

Purchased: 2019

Utilities: Public

Westwood Heights

Opportunity Zone

Located in an opportunity zone in the Flint Township, Westwood Heights is an exciting opportunity. Public Utilities through Detroit Public Works (one of the best in the country) service each of the 216 fully developed sites. Westwood is located adjacent to I-75 and surrounded by manufacturing and automotive jobs. Residents complained about the roads - we resurfaced the roads in our first month of ownership. 

Location: Flint, MI

Sites: 216

Status: Value-Add

Purchased: 2019

Utilities: Public

Shady Oaks

Located in Stephenville, TX (~ 1 hour south of Dallas) Shady Oaks offers a well maintained property which residents are happy to call home. Agriculture is the leading industry and when you think of hardworking 'Texans, you think of Stephenville. Population continues to grow 30% year over year and we are able to supply the shortage of affordable housing to the great residents of Shady Oaks.

Location: Stephenville, TX

Sites: 90

Status: Stabilized

Purchased: 2019

Utilities: Private

Village

Opportunity Zone

Located near Shady Oaks in Stephenville, TX the Village is located in an opportunity zone. With a limited supply of quality affordable housing in the area, we hope to deliver on our promise of reliable and affordable housing at the Village. 

Location: Stephenville, TX

Sites: 103

Status: Value-Add

Purchased: 2019

Utilities: Public

River Springs

Across Lake Michigan from Chicago, Berrien Springs is located in one of the most beautiful areas of Michigan. 80+ acres along the St. Joseph River is River Springs Estates. Wonderfully designed, River Springs has a community full of families who have lived there for generations. We are excited bring this community back to where it was in the early 2000's

Location: Berrien Springs, MI

Sites: 200

Status: Value-Add

Purchased: 2019

Utilities: Public

Pheasant Run

Conveniently located in a growing retail and industrial area, Pheasant Run has the characteristics of an amazing community. We are in the process of upgrading the infrastructure and renovating vacant homes.

Location: Flint, MI

Sites: 179

Status: Value-Add

Purchased: 2019

Utilities: Public

Concord

Just north of Fort Wayne, IN, Concord has 120 sites with public utilities. Recently acquired, we are transitioning management and renovating homes. We hope to continue to supply the Fort Wayne market with reliable and affordable housing.

Location: Waterloo, IN

Sites: 120

Status: Value-Add

Purchased: 2019

Utilities: Public

Shady Haven

Shady Haven is a resort on a beautiful lake in Northern Indiana. Many families have spent over 30 years in the resort. An affordable alternative, Shady Haven is full of pontoon boats and families playing on the beach from March - October every year. 

Location: Albion, IN

Sites: 77

Status: Stabilized

Purchased: 2019

Utilities: Private

Stone Ridge

Located in a manufacturing hub outside of Forty Wayne, IN, Stone Ridge is a master planned community in the Corn Belt of Northern Indiana. 

Location: Cromwell, IN

Sites: 218

Status: Stabilized

Purchased: 2019

Utilities: Public

MHC Development

Constructing 300 sites on 150 acres in an area with limited to no affordable housing supply. Our focus with this development is to provide affordable homes for sale by the end of 2021. Once complete, 300-400 homes will average 1,500sf - 2,000sf and will sit on 1/4 acre sites with direct public utilities. Amenities will include a clubhouse, playground and pool. We hope to provide brand new housing for under $900/month.

Location: Confidential

Sites: 300 - 400

Status: Construction

Purchased: 2020

Utilities: Public

BUSINESS INVESTMENTS

Tread Property Services

 

Tread Property Services provides property management, leasing and consulting services for commercial real estate.

Location: Richmond, VA

Type: Property Management

81 North Construction

 

81 North Construction provides construction and development services - specifically created to improve commercial properties. Earthwork, asphalt paving, MH transportation, MH setup, utilities, etc. 81 North is dedicated to providing high qaulity, innovative and professional service in an aging industry. 

Location: Richmond, VA

Type: Construction

Tread Transportation

 

Tread Transportation provides logistics services for schools, churches and other large groups.

Location: Richmond, VA

Type: Logistics

All Things Real Estate

 

All Things Real Estate is a full service tree and grounds maintenance company specialized in both commercial and residential landscaping.

 

 

Location: Richmond, VA

Type: Home Services

Tenant Turner

 

One of a kind software service that lets landlords find qualified tenants, list open properties on multiple websites and schedule showings for potential customers. 

 

Location: Richmond, VA

Type: Property Management

89 Paint

 

89 Pain is Virginia's #1 choice for professional interior and exterior painting. All-encompassing and always professional, 89 Paint customers include residential, commercial, retail and industrial, among others. 89 Paint prides itself on excellent customer service and innovative technology. 

 

 

Location: Richmond, VA

Type: Home Services

Virginia Adult Intramural League

 

(VAIL) Virginia Adult Intramural League is a competitive basketball league for adults in Richmond, VA. Throughout the year over 500 players compete to determine who hasn't lost a step. 

 

 

Location: Richmond, VA

Type: Recreation

Status: Sold

Future Investments

We are always looking for investments. Whether it's a mobile home park, development opportunity or simply a great company in need of capital to grow. We are seeking opportunities to fulfill our mission to give back to our local community and solve the affordable housing crisis.