Latest news with #SunriseCapital
Forbes
14-05-2025
- Business
- Forbes
Mobile Home Parks And Parking Garages: Rethinking 'Boring' Investments
Brian Spear, Managing Principal & cofounder of Sunrise Capital Investors, a real estate investment company catering to accredited investors. getty Why do asset classes that seem "boring" make some of the best investments? First, they're often the safest—and no matter how fun or adventurous you may be personally, you likely don't want to be so adventurous with your money. Many investors are looking for an opportunity that's secure and stable, and "boring" investments often provide the most predictability, steadiest cashflow and even reasonable long-term growth. At my company, we pride ourselves on investing in mobile home parks (MHPs) and parking garages—assets often overlooked because they seem "boring." To us, boring is beautiful. Let me break down why and what investors should consider about these types of investments. The markets for MHPs and parking garages are fragmented, with ownership generally spread across many small operators rather than concentrated among a few dominant players. This fragmentation creates opportunities for investors, especially in the form of off-market deals. Off-market deals allow buyers to negotiate directly with property owners, sometimes securing assets well below market value. These transactions create what we call a margin of safety, enabling the buyer to "make money on the buy." Both MHPs and parking garages are generally backed by strong demand. People will always need affordable housing and parking—these are basic needs that do not fluctuate widely with market cycles. In the case of mobile home parks, demand is also likely to continue to rise due to the affordability crisis in housing. Similarly, the parking garage market size has experienced steady growth in recent years. According to The Business Research Company, part of this growth is attributable to a shortage of parking spaces in densely populated urban areas. I believe this lower supply only strengthens the fundamental demand drivers of existing assets. In short, the combination of shrinking supply and steady or increasing demand suggests continued strong supply-demand dynamics. One of the greatest advantages I see of MHPs and parking garages is their straightforward business model. These assets operate on a simple premise: People pay for a place to park or live. In our property management company, we streamline operations by managing our mobile home parks as though they were parking garages since, in fact, residents are renting a patch of ground to park their homes on. This simplicity makes ground-rent-based revenue streams easy to understand and manage. MHPs and parking garages also illustrate a solid investment strategy: that of cashflow-covered land plays. A covered land play is an approach where investors purchase income-generating properties with the potential for long-term redevelopment. While the property produces steady cash flow in the short term, its underlying land value appreciates over time. This strategy allows investors to enjoy consistent income while positioning themselves for future sale and/or development of the land for a different use. Think of an urban parking garage being converted to a multifamily development once population demand makes the economics of the land acquisition feasible for a developer. In my experience, owners often hold MHPs and parking garages long-term, as they tend to offer stability, predictable cash flow and growth over time. A long-term perspective means investors can potentially benefit from steady income streams and increasing land values. As they say about land, "They're not making any more of it." Land in growth areas remains an attractive asset in itself, regardless of economic changes. By holding these covered land investments for 10 years or more, investors can ride out short-term market cycles and sell when the time is right, thus unlocking significant wealth-building potential. Even though "boring" investments tend to be more stable than other investments, there are still risks to consider. For starters, many MHPs are decades old, meaning that utility infrastructure may be outdated or worn down, so repairs may be costly. Additionally, MHPs tend to have a negative stigma that can make investing difficult. Though strides have been made toward creating a more positive association, this stigma still exists—this can influence the demand for MHPs. In the case of parking garages, if you're just getting started, you may find it difficult to gather the most attractive financing options available in the marketplace. Since parking garages are a niche asset class, there are fewer lenders in the marketplace that understand its nuances (compared to multifamily, for example). Moreover, with the increase in ride-hailing services such as Uber or Lyft, some have suggested the possibility of a decline in car ownership. If car ownership significantly declines, commercial parking may not be the most attractive investment option. Even with these risks in mind, with the right operator, I believe the potential benefits of investing in mobile home parks and parking garages remain strong. These asset classes offer unique opportunities for strong cash flow and operational upside—especially for investors willing to dig deeper, operate smartly and play the long game. One piece of advice I would give investors is that location is everything in real estate—it can influence demand, rental income potential and property value. So, before committing to an investment, it's essential to examine the area the property is located in. For example, you might consider investments located in close proximity to urban amenities such as shopping centers, parks, hospitals or schools, as these amenities can foster population growth. Furthermore, local market conditions can impact investments. Job opportunities, population trends and unemployment rates can all affect an investment's performance, so it's wise to research local economic trends when considering an investment. "Boring" investments like mobile home parks and parking garages may not capture headlines, but they have delivered where it matters most for us. By adding these types of assets to your portfolio and following the advice outlined above, you can diversify your holdings and work toward protecting against recession risks. These investments embody the timeless truth that wealth is typically built steadily, not suddenly, and I believe this makes them a solid choice worth considering for investors. The information provided here is not investment, tax or financial advice. You should consult with a licensed professional for advice concerning your specific situation. Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?
Khaleej Times
14-03-2025
- Business
- Khaleej Times
Sunrise Capital launches the super elegant Bellagio in Wasl Gate
Sunrise Capital, a rising star in Dubai's real estate market, has announced the launch of its latest luxury residential project, Bellagio, located in the sought-after mixed use Wasl Gate community in Jebel Ali. Valued at $100 million, the new and exclusive freehold community consists of two blocks with 12-storeys each and 255 residential units, offering an unparalleled living experience with a range of exquisitely designed 1–3-bedroom apartments. One-bedroom starts from 634sqft; two-bedroom apartments from 1,259sqft; and three-bedroom apartments from 3,084sqft — along with 19 commercial units. Each unit boasts premium finishes, spacious layouts, and state-of-the-art smart home technology, ensuring a seamless blend of luxury and convenience. The construction for Bellagio started in January this year and completion and handover are anticipated in third quarter of 2027. 'We are confident that Bellagio will set a new benchmark for luxury living in Dubai, offering residents a truly connected lifestyle within the vibrant Wasl Gate community,' commented Yogesh Bulchandani, founder and CEO of Sunrise Capital. With a focus on community, connectivity, and sustainability, Bellagio features a host of amenities, including a temperature-controlled swimming pool, an expansive 4,200sqft, gym, spa, outdoor cinema, dedicated kids' room, versatile multipurpose room, meeting rooms, co-working spaces and dedicated concierge services. The meticulous attention to detail in the interior design, with clean lines, sleek fixtures, and warm wood accents, creates a bright and inviting atmosphere that exudes natural elegance. For investors, Wasl Gate's prime location along Sheikh Zayed Road offers seamless access to business districts, shopping centres, and entertainment spots. The project is just minutes away from the city's vibrant pulse while providing the serenity of lush green spaces like Central Park at Wasl Gate, where residents can unwind and connect with nature. Residents will also benefit from the project's strategic location with easy access to Energy Metro station, Dubai Hills Mall, Dubai Mall, The Outlet Village, Al Maktoum International Airport, Mall of the Emirates, and Palm Jebel Ali. 'Sustainability is woven into the fabric of Wasl Gate's design, featuring energy-efficient lighting, electric vehicle charging stations, and advanced waste recycling systems. This commitment to sustainability aligns with Sunrise Capital's vision of creating eco-friendly and future ready communities,' added Yogesh Bulchandani. With prices starting at Dh1.03 million, Sunrise Capital aims to become the most trusted name in the UAE real estate. By focusing on projects that emphasise quality, customer care, and innovation, the company is poised to reshape urban communities in the UAE while setting a new benchmark for excellence in the region.
ME Construction
14-03-2025
- Business
- ME Construction
Sunrise Capital unveils Bellagio in Wasl Gate
Property Sunrise Capital unveils Bellagio in Wasl Gate By Valued at US $100mn the project will offer residents smart home technology amenities and convenient access to attractions and green spaces Sunrise Capital has launched its latest luxury residential project, Bellagio, located in the Wasl Gate community in Jebel Ali. Valued at US $100mn, the community consists of two blocks with 12-storeys each and 255 residential units, with a range of designed one-, two- and three-bedroom apartments. Each unit will feature spacious layouts and smart home technology, ensuring a blend of luxury and convenience. The construction for Bellagio started in January this year and completion and handover are anticipated in Q3 2027, the firm explained. Yogesh Bulchandani, Founder and CEO of Sunrise Capital commented, 'We are confident that Bellagio will set a new benchmark for luxury living in Dubai, offering residents a truly connected lifestyle within the vibrant Wasl Gate community. Sustainability is woven into the fabric of Wasl Gate's design, featuring energy-efficient lighting, electric vehicle charging stations, and advanced waste recycling systems. This commitment to sustainability aligns with Sunrise Capital's vision of creating eco-friendly and future ready communities.' With a focus on community, connectivity, and sustainability, Bellagio will boast a host of amenities, including a temperature-controlled swimming pool, gym, spa, outdoor cinema, dedicated kids' room, versatile multipurpose room, meeting rooms, co-working spaces and dedicated concierge services. The attention to detail in the project's interior design, with clean lines, fixtures, and warm wood accents, creates a bright and inviting atmosphere for natural elegance, said a statement. For investors, Wasl Gate's prime location along Sheikh Zayed Road offers access to business districts, shopping centres, and entertainment spots. The project is just minutes away from the city while providing the serenity of green spaces like Central Park at Wasl Gate, where residents can unwind and connect with nature, it added. Sunrise Capital said that it aims to become a trusted name in the UAE real estate market. By focusing on projects quality, customer care, and innovation, the company is focused on reshaping urban communities in the UAE, while setting a new benchmark in the region.
Zawya
11-03-2025
- Business
- Zawya
Sunrise Capital launches the super elegant Bellagio in Wasl Gate
Dubai, UAE: Sunrise Capital – a rising star in Dubai's real estate market – has announced the launch of its latest luxury residential project, Bellagio, located in the sought-after mixed use Wasl Gate community in Jebel Ali. Valued at USD 100 million, the new and exclusive freehold community consists of two blocks with 12-storeys each and 255 residential units, offering an unparalleled living experience with a range of exquisitely designed 1–3-bedroom apartments. One-bedroom starts from 634 sq ft; two-bedroom apartments from 1259 sq ft; and three-bedroom apartments from 3084 sq ft – along with 19 commercial units. Each unit boasts premium finishes, spacious layouts, and state-of-the-art smart home technology, ensuring a seamless blend of luxury and convenience. The construction for Bellagio started in January this year, completion and handover are anticipated in Q3 2027. 'We are confident that Bellagio will set a new benchmark for luxury living in Dubai, offering residents a truly connected lifestyle within the vibrant Wasl Gate community,' commented Yogesh Bulchandani, Founder and CEO of Sunrise Capital. With a focus on community, connectivity, and sustainability, Bellagio features a host of amenities, including a temperature-controlled swimming pool, an expansive 4200 sq. ft. gym, spa, outdoor cinema, dedicated kids' room, versatile multipurpose room, meeting rooms, co-working spaces and dedicated concierge services. The meticulous attention to detail in the interior design, with clean lines, sleek fixtures, and warm wood accents, creates a bright and inviting atmosphere that exudes natural elegance. For investors, Wasl Gate's prime location along Sheikh Zayed Road offers seamless access to business districts, shopping centres, and entertainment spots. The project is just minutes away from the city's vibrant pulse while providing the serenity of lush green spaces like Central Park at Wasl Gate, where residents can unwind and connect with nature. Residents will also benefit from the project's strategic location with easy access to Energy Metro station, Dubai Hills Mall, Dubai Mall, The Outlet Village, Al Maktoum International Airport, Mall of the Emirates, and Palm Jebel Ali. 'Sustainability is woven into the fabric of Wasl Gate's design, featuring energy-efficient lighting, electric vehicle charging stations, and advanced waste recycling systems. This commitment to sustainability aligns with Sunrise Capital's vision of creating eco-friendly and future ready communities,' added Yogesh Bulchandani. With prices starting at AED 1.03 million, Sunrise Capital aims to become the most trusted name in UAE real estate. By focusing on projects that emphasis quality, customer care, and innovation, the company is poised to reshape urban communities while setting a new benchmark for excellence in the region. About Sunrise Capital Sunrise Capital Real Estate (Sunrise Capital) is a leading property developer specialising in exceptional real estate projects that dare to be different. Headquartered in Dubai's vibrant Business Bay, the company has set itself apart in the market by crafting immaculate villas and sophisticated apartments that not only meet but exceed the highest standards of luxury living. Blending modern elegance and timeless sophistication, the company's commitment to excellence is evident in every detail, from the innovative architecture to the meticulously curated interiors. Each new project is strategically located in a prime area, offering unparalleled convenience and breathtaking views. For any media enquiries contact - esha@
