Lease-option structures, real-world transaction examples, contracts, handling defaults, and using AI to model deals.
President, Pentagon Properties, Inc.
Spencer Roane, president of Pentagon Properties, Inc., Atlanta, Ga., owns and manages four land lease communities in Georgia and Texas. His firm has sold over 450 new and previously-owned manufactured homes in his communities over the past 40 years via Lease-Option contracts. Over the past 8+ years, they sold and seller-financed over 70 new manufactured homes with only 3 defaults. Since the passage of the S.A.F.E. & Dodd-Frank Acts he has written about and spoken often to advocate the use of Lease-Option contracts to sell new and pre-owned manufactured homes in communities in most states. He is a member of the Georgia Manufactured Housing Association (GMHA) where he served as an officer and member of the board of directors. He served on the National Communities Council (NCC) and the Disaster Housing Task Force of the Manufactured Housing Institute (MHI). He is one of the organizers of the Southeast Community Owners (SECO) conference which attracts upwards of 400 small and mid-size community owners annually. Spencer holds a B.S. degree in Electrical Engineering, an M.S. degree in Industrial Management, and both Mortgage Loan Originator and Mortgage Broker S.A.F.E. Act licenses.
