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In some other states, residents have organized and established resident associations to negotiate more effectively with corporate owners and government officials. Real estate investment corporations and private equity firms alike have been snatching up mobile home communities for multiple reasons: Operating costs are relatively low, rents can be increased steadily, unwanted tenants can be evicted for almost any reason, and a nationwide shortage of affordable housing means the homes stay filled.

Housing experts say what’s happening with Havenpark Capital Partners properties has been happening across the country over the past 20 years: A multimillionaire and major real estate investor in Utah, he has been an international public speaker who espouses honesty and integrity in the dicey world of network marketing.

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Ricks was a top executive at Nu Skin during the FTC investigation, his own promotional materials show. Securities and Exchange Commission probe.)Īccording to Kornya, one man who has been setting up individual corporations for the communities owned by Havenpark and signing mortgage documents is Nathan Ricks. (Nu Skin was forced to pay another $750,000 for bribing a top Chinese official with funds from Nu Skin's charitable division after a U.S. In 2016, Nu Skin agreed to pay a $47 million settlement for operating a pyramid scheme after being sued by China in a Utah federal court. In 1994, following an FTC investigation, that company paid a $1 million fine and signed a consent decree prohibiting it from making deceptive claims about its products. Anthony Antonelli, who is described as an “angel investor in several early and mid-stage venture capital and private equity investments that have gone public.”Īntonelli heads Worldwide Solutions, the other investor corporation that formed Havenpark.Īntonelli and another key figure in Havenpark's business dealings were top executives at Nu Skin Enterprises when the Federal Trade Commission investigated the company over complaints of deceptive advertising and overstating income earned by distributors.

#Haven park professional#

Pratt and his wife, Lisa, a former track and field All-American and professional runner, started Hacienda Capital Partners, one of two investment groups that formed Havenpark.Īnother partner who heads acquisition efforts and deal structuring is Lisa Pratt’s father, J. One of the managing partners is Robison “Robbie” Pratt, a 39-year-old former Olympic pole vaulter for Mexico who, like other company execs, attended Brigham Young University. Havenpark regional manager David Piziali and its Iowa attorney, Jodie McDougal, with the Davis Brown Law Firm, also declined to comment.Īccording to company materials and executive profiles on LinkedIn, the company’s managing director is a 33-year-old former start-up mentor named Ramie Rajabi. Several of the company’s principals this week did not return messages seeking an interview.

Iowa Legal Aid has taken on about two dozen Havenpark residents as clients after finding allegedly illegal provisions in the company’s leases, said Alex Kornya, its litigation director. The Better Business Bureau gives the company an “F” rating after several complaints alleging overcharging. Attorneys general in Michigan, Indiana, Ohio and Iowa all have fielded concerns from residents in Havenpark parks.