Spencer Roane, president of Pentagon Properties, Inc., Atlanta, Ga., owns and manages four land lease communities in Georgia and Texas. His firm has over 800 in-community sales transactions on new and previously-owned manufactured homes over the past 40 years. Almost all were “sold” via Lease-Option contracts and all were new homes since 2010. Default rates over the past 15 years are among the lowest in the industry due to the structure of the L-O transactions and a very effective application processing system heavily weighted by Debt-to-Income ratios. Since passage of the S.A.F.E. & Dodd-Frank Acts in 2008 he has written about and spoken often to advocate the use of Lease-Option contracts to sell new manufactured homes to upgrade communities, fill vacant lots, and increase cash-flow and value.
Spencer 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 annual Southeast Community Owners (SECO) conference which attracts upwards of 500 small and mid-size community owners, managers, and other industry personnel. In 2017, he was inducted into the RV-MH Hall of Fame. 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.
Contact him at (678) 428-0212. Pentagon Properties, Inc. website. LinkedIn profile.