Granderson Holdings, Inc. acquires, preserves, and improves naturally occurring affordable housing across the American Midwest — a $250 million portfolio of manufactured housing communities held for the long term and managed to institutional standards.
Two institutional manufactured-housing portfolios on a single operating spine — disciplined ownership, transparent reporting, and a clear runway for value creation.
Granderson Holdings, Inc. is a privately held real estate company built around a simple conviction: well-run manufactured housing communities deliver dignified, attainable homes to working families — and durable, inflation-resistant value to those who own them responsibly.
We are the parent company behind two manufactured-housing fund vehicles, DST IV and DST V, together comprising 24 communities and more than 4,000 homesites across five states. We acquire communities that are essential to their local housing markets, invest patient capital into their infrastructure and vacant-lot infill, and operate them to professional, transparent standards for residents, lenders, and investors alike.
We preserve affordability and improve the places people call home — water, roads, homes, and management.
Conservative leverage, tested covenants, and institutional reporting on every asset, every quarter.
Owner-operators with capital alongside investors and a long-term hold horizon — not a quick flip.
A single live data spine for both funds, surfaced to lenders and investors with full clarity.
DST IV and DST V are managed on a shared data and operations spine — the same underwriting standards, the same reporting cadence, the same commitment to residents and capital partners.
A focused Midwest and Mid-Atlantic footprint across five states — deep operating density in our core markets, with the bench to expand thoughtfully.
| State | Communities | Homesites | Occupancy | Portfolio Value |
|---|---|---|---|---|
| OHOhio | 11 | 1,680 | 66.1% | $85.3M |
| MIMichigan | 6 | 1,206 | 61.8% | $68.3M |
| INIndiana | 5 | 810 | 74.3% | $45.7M |
| WIWisconsin | 1 | 167 | 69.5% | $8.4M |
| PAPennsylvania | 1 | 174 | 74.7% | $6.2M |
At acquisition, our communities run at roughly two-thirds occupancy. That is by design. Each vacant, fully improved homesite is a built-in growth lever — revenue we can capture by filling lots with quality homes rather than by raising rents on the families we serve.
Fully entitled, infrastructure-served homesites across the portfolio — a multi-year, low-cost path to higher income.
Stabilizing toward market occupancy materially grows NOI on the same fixed cost base — operating leverage at its purest.
Among the most affordable housing in our markets — resilient demand with room for modest, responsible growth over time.
Our playbook is straightforward: stabilize operations, modernize water and road infrastructure, fill vacant lots with new and pre-owned homes, and hold for the long term. Affordability is preserved; value is created the honest way.
We target essential, often family-owned communities in stable markets — underwriting every deal to conservative, lender-tested standards.
We reinvest in water systems, roads, and homes, and fill vacant lots — improving the asset for residents and investors together.
Live financials, occupancy tracking, delinquency control, and covenant monitoring on one data spine across both funds.
We are owners, not flippers. Affordability preserved, value compounded, reporting transparent — quarter after quarter.
Across DST IV and DST V, every community runs on Granderson One — our purpose-built platform that puts financials, valuations, operations, and lender covenants on one live data spine, with role-based views for our team, our lenders, and our investors, and an AI layer that surfaces what needs attention. We act on a number the day it moves — not a quarter later. Its most powerful elements:
Both funds, every community, on one live source — no more reconciling spreadsheets across managers.
Trailing-twelve-month financials ingested and rolled to NOI by community, refreshed continuously — not quarters late.
DSCR and debt-yield tested against lender thresholds — flagged before they ever become an issue.
Occupancy, delinquency, capital projects and vacant-lot infill tracked live across the portfolio.
DCF and direct-cap valuations recompute as performance and market inputs move.
Lender packages, Power BI analytics and a transparent investor portal — institutional reporting on demand.
Growth doesn't happen by accident. ATLAS is Granderson Holdings' proprietary, seven-layer acquisition pipeline — scanning more than 44,000 manufactured housing communities nationwide and filtering them to the few that fit our buy box, scored by our 28-variable Granderson Acquisition Weighted Scoring System.
From a federal universe of tens of thousands of parks down to a ranked, contact-ready pipeline — disciplined, data-driven, and repeatable.
Kwame J. Granderson founded Granderson Holdings on a single conviction: that manufactured housing is one of the last scalable sources of unsubsidized affordable housing in America — and that disciplined, long-term ownership can protect affordability for residents while building durable value for investors.
He leads the firm's strategy, acquisitions, capital formation, and asset management across its two manufactured-housing portfolios, DST IV and DST V — 24 communities and more than 4,000 homesites across five states. Under his direction, the firm reinvests in community infrastructure, fills vacant homesites, and operates every asset to institutional standards of transparency and reporting.
He oversees the firm's senior and mezzanine lender relationships and its investor communications, and architected ATLAS — the proprietary, data-driven pipeline Granderson Holdings uses to source and underwrite its next generation of communities.
“We buy communities that working families depend on, and we run them like we intend to own them forever — because we do.”
For investment, lending, partnership, or acquisition inquiries, we'd welcome a conversation.
kgranderson@mac.com
