Keith Management LLC acquires The Reserve at Fox Creek for $38 Million

BULLHEAD CITY – In a significant move reflecting the growing interest in manufactured housing communities, Keith Management LLC, a family-owned property management company based in Chandler, Arizona, has acquired The Reserve at Fox Creek for $38 million. The transaction, completed in October 2024, marks a notable expansion of Keith Management’s portfolio in the Southwest and underscores the increasing demand for affordable, resort-style living options for retirees.
The Reserve at Fox Creek, located at 2350 Adobe Road in Bullhead City, Arizona, is a gated, age-restricted (55+) manufactured housing community comprising 311 home sites. Known for its resort-style amenities—including a clubhouse, swimming pool, spa, fitness center, and a calendar filled with social activities—the community offers an attractive lifestyle for active retirees seeking both comfort and engagement.
The acquisition was facilitated by HARRI5 Manufactured Housing & Commercial Brokerage. Derek Harris, founder and principal of HARRI5, negotiated the transaction as part of a 1031 exchange involving Golden Coach Mobile Estates in Apple Valley, California. A 1031 exchange allows investors to defer capital gains taxes by reinvesting proceeds from the sale of a property into a similar or higher-valued property.
”We are continuing to buy mobile home communities to improve the number of spaces and quality of our portfolio,” Harris stated, emphasizing Keith Management’s commitment to expanding and enhancing its offerings in the manufactured housing sector.
Keith Management LLC specializes in the acquisition and management of mobile home and RV parks across Arizona, California, and Nevada. Founded and operated by the Keith family—including General Manager and CEO Charles Keith, along with partners Peter Keith and Charles Keith Jr.—the company has a history of purchasing and operating more than 40 properties.
The company’s focus is on providing resort-style living environments that promote an active retirement lifestyle. Their communities are designed to foster a sense of togetherness, offering amenities such as fitness centers, swimming pools, game rooms, and organized social events like potluck dinners, live entertainment, and arts and crafts sessions.
”Our new flagship property, The Reserve at Fox Creek, is one of Arizona’s top premier manufactured home communities,” the company announced on its website. ”Located in Bullhead City, Arizona, it shares the Colorado River along with its neighbor, Laughlin, Nevada, with its amazing Vegas-style casinos and entertainment.”
The Reserve at Fox Creek is situated in the sunny northwestern corner of Arizona, offering residents endless possibilities for fun and relaxation. Its proximity to the Colorado River and Laughlin’s entertainment scene makes it an attractive destination for retirees seeking both tranquility and excitement.
Residents of The Reserve enjoy a variety of amenities:
Gated Community: Enhanced security and peace of mind.
Fitness Center: Facilities to support an active and healthy lifestyle.
Swimming Pool and Spa: Opportunities for relaxation and socializing.
Clubhouse and Game Room: Central hubs for community activities and events.
Organized Social Activities: Including movie nights, BBQs, jam sessions, karaoke, and more.
An active calendar of events encourages residents to get involved, stay fit, have fun, and meet new friends. The community’s emphasis on social engagement and wellness aligns with Keith Management’s mission to promote an active retirement lifestyle.
The acquisition of The Reserve at Fox Creek by Keith Management LLC reflects a broader trend in the real estate market. As housing affordability becomes an increasing concern, particularly for retirees on fixed incomes, manufactured housing communities offer a viable and attractive alternative to traditional housing options.
Bullhead City, located in Mohave County, has seen a growing demand for affordable housing options for retirees. The area’s favorable climate, recreational opportunities, and lower cost of living make it an appealing destination. By investing in The Reserve at Fox Creek, Keith Management is not only expanding its portfolio but also contributing to meeting the housing needs of a key demographic.
Keith Management LLC is expected to implement improvements in amenities and services at The Reserve, further enhancing the quality of living for its residents. Potential upgrades may include:
Infrastructure Improvements: Enhancing roads, utilities, and common areas.
Amenity Upgrades: Updating fitness centers, pools, and recreational facilities.
Community Programs: Introducing new social and wellness programs to enrich resident experiences.
These enhancements not only benefit the residents but also have positive ripple effects on the local economy. Increased property values, job creation through management and maintenance roles, and the attraction of new residents contribute to economic growth in Bullhead City.
Following the acquisition, residents of The Reserve at Fox Creek have welcomed Don and Kim Rogers as the new property managers. The transition has been smooth, with Keith Management emphasizing continuity and a commitment to maintaining the high standards that residents have come to expect.
”We are excited to join The Reserve at Fox Creek community,” Don and Kim Rogers stated. ”Our goal is to ensure that all residents continue to enjoy the exceptional lifestyle that this community offers, and we look forward to enhancing the amenities and services available.”
The manufactured housing industry has been gaining attention from investors due to its resilience and growth potential. According to industry reports, demand for affordable, quality housing options is on the rise, driven by factors such as increasing housing costs, demographic shifts, and a growing retiree population.
Keith Management’s acquisition aligns with these trends, positioning the company to capitalize on market opportunities while providing valuable housing solutions.
Keith Management LLC is a family-owned, private property management company specializing in mobile home parks and RV resorts. With operations in Arizona, California, and Nevada, the company focuses on:
Acquisition of New Properties: Expanding their portfolio to meet market demand.
Day-to-Day Operations: Ensuring communities are well-managed and residents are satisfied.
Home Sales: Offering a variety of housing options, including new manufactured homes with garages, RV park models, and pre-owned mobile homes.
Their communities are known for unique landscapes, including calming green belts, large shade trees, tranquil lakes, walking paths, and peaceful common areas. Locations are chosen for their convenience to big city activities while maintaining a small-town feel.
With The Reserve at Fox Creek now under its umbrella, Keith Management LLC is poised to further its mission of providing high-quality, affordable housing options for retirees. The company’s strategic acquisitions and focus on resident satisfaction position it as a significant player in the manufactured housing sector.
–Jeremy Webb