EXHIBIT 1

Survey of Mobile Home
Communities
Broward, Palm Beach
& Miami-Dade


Consultants Resource Group, Inc.
1511 W. Windhorst Rd. Brandon FL 33510
P.O. Box 2705, Brandon FL 33500-2705
(813) 661-5001 (877) 21002745 Fax
www.mobile home park.com

March 9, 2005

Mr. Todd Rosensweig
Square Lake Group
1750 Telegraphs #301A
Bloomfield Hills, MI 48302

Re: Results of S.E Florida Parks Survey

Dear Todd:

I have completed my third survey of the South Florida mobile home parks to determine the number of vacant sites within a 50 mile radius of Coral Lake. This includes parks in Broward, Palm Beach, and Miami-Dade Counties.

My first source was an analysis of the JLT survey of 95 parks in the three counties, made in May 2004. This Survey showed:

Total SitesLeased Sites VacantPercent
Broward County13,75312,739 1,64311.9
Palm Beach County10,73510,305 4304.0%
Miami-Dade7,2026,401801 11.1%
Totals31,69029,445 2,8749.1%

A direct mail survey was made in three mailings to 500+ parks in the three counties. There were a total of 18 parks responding:

Total SitesLeased SitesVacantPercent
Broward County4,3283,85347511.0%
Palm Beach County1,9681,8491196.0%
Miami-Dade10999109.2%
Totals6,4055,801 6049.4%

Copies of the JLT Survey and a spread sheet showing the parks evaluluated in both surveys is shown in the attachment to this report.

Sincerely,

Edward Hicks
President

cc: Howard Steinholtz

3/9/2005
Community
Total
Sites
Occ.
Sites
Vac.
Sites
%
Vac.
Low
Rent
High
Rent
Ave Rent Services Incl. Est. Val. Of Ser.Taxes & Other Charges
1Aztec645478167 25.9%$529$529$529T/M-$38
2Palma Nova943827116 12.3%$395$405$395 T-$29
3Sunset Colony230145 8537.0%$398$424398 W/S/T/M-$62
4Coral Cay819737 8210.0%$480$508480 T/M-$38M P/T $37.14 not included
5Country Lakes499454 459.0%$505$517$511 T-$15
6Tallowood Isle262211 5119.5%$450$505$460 T-$23P/T $280.70 not included
7Sunshine356326 308.4%$516$537$525 T/M-$44
8Rexmere77473539 5.0%$506$540$506 T-$29A P/T $477.65 not included
9Western Hills405378 276.7%$445$485$485 T-$29.16
10Pine Tree Park317293 247.6%$441$476$441 T/M-$38A P/T $231.84 not included
11Kings Manor314296 185.7%$534$534$539 T/M-$44
12+Country Knolls389315 7419.0%$458$458$458 W/S/T-$44
13+Deerfield Lake346327 195.5%$424$462$452 T/M-$38
14Paradise45243319 4.2%$529$550$529 T-$29
15+Highland Village277 2215620.2%$458$458 $448W/S/T/M-$59
16+Seminole235219 166.8%$393$399$399 T/M-$38A P/T $153 not included
17Sunshine City350346 41.1%$350$350$350 None
18Cheron202190 125.9%$620$620$620 T-$23
19Hollywood753741 121.6%$423$433$423 T-$23
20+Breesy Hill168157 116.5%$447$508$478 T/M-$30
21Coral Lake235225 104.3%$466$505$466 T/M-$38M P/T $57.82 included
22+Rancho Margate245236 93.7%$446$457 $446T/M-$38
23+Everglades Lakes639 63163799.7%$411$451 $426T/M-$44
24Pan American239232 72.9%$450$450 $450T/M-$44
25Sunshine Holiday272265 72.6%$430$430$430 M-$15M P/T $10.67 included
26+Hillsboro184179 52.7%$460$505$460 T/M-$38$371.86 not included
27Carefree Cove164160 42.4%$442$481$463 M-$15M P/T $32.24 not included
28+Cypress Creek156153 31.9%$425$425$425 T/M-$44
29Orange Brook230227 31.3%$410$420$410 M-$15
30+Golf View287285 20.7%$430$430$430 W/S/T/M-$59
31+Havenwood120118 21.7%$443$464$454 W/S/T/M-$59
32+New England145143 21.4%$318$333$333 T/M-$38
33Okomo1791772 1.1%$400$400$400 W/S/T-$60
34Haven Lake518517 1$405$405$405 None 
35Willow Lake386344 4210.9%$430$430$430 T/M-$44
36+Village Park307307 00.0%$441$453$443 M-$15
37Imperial2612610 0.0%$440$440$440 M-$15
38Holiday206206 00.0%$420$430$420 W/S/T-$53
39+Lake Eden Gardens140140 00.0%$409$440 $409T/M-$44
40+Ocean Waterway104104 00.0%$382$382$382 W/S/T/M-$66M P/T $91 included
Broward Sub Total13,753 12,7391,64311.9%


3/9/2005
Community
Total
Sites
Occ.
Sites
Vac.
Sites
%
Vac.
Low
Rent
High
Rent
Ave Rent Services Incl. Est. Val. Of Ser.Taxes & Other Charges
1Goldcoaster548325 22340.7%$301$311$301 T-$29
2Isla Gold22842186 81.6%$325$325$325W/S/T/M-$87
3+Pine Isle26080180 69.2%$235$265$245T-$31
4Princetonian280215 6523.2%$234$242$237 T-$29
5Palm Garden27521362 22.5%$279$270$279 T-$31
6Boardwalk21515560 27.9%$321$361$321 M-$15
7Aquarius18717512 6.4%$330$330$330 M-$15
8Silver Palm Place109 99109.2%$202$225 $212M-$15
9+Riviera Park162159 31.9%$220$225$220 T/M-$44
10University Lakes1,1531,153 00.0%$445$545$480 T-$27
11Lil Abners908908 00.0%$385$395$385 T-$27
12Royal Country864864 00.0%$420$449$420 T/M-$44
13Courtly Manor525525 00.0%$444$454$444 T/M-$44
14Honey Hill4384380 0.0%$315$345$315 T/M-$44
15Colonial Acres296296 00.0%$420$425$420 None
16Blue Lake2782780 0.0%$435$455$435 W/S/T-$82
17Palm1661660 0.0%$285$285$285 W/S/T/M-$97
18Medley1601600 0.0%$398$428$398 W/S/T/M=$97
19Wynken, Blynken & Nod150 15000.0%$416$446 $426T/M-$44
Miami-Dade Sub Total7,202 6,40180111.1%


3/9/2005
Community
Total
Sites
Occ.
Sites
Vac.
Sites
%
Vac.
Low
Rent
High
Rent
Ave Rent Services Incl. Est. Val. Of Ser.Taxes & Other Charges
1A Garden Walk484406 7816.1%$441$441$441 W/S/T-$43
2Meadows38032654 14.2%$444$448$444 NoneM P/T $85.06 not included
3+Maralago Cay602553 498.1%$512$533$512 W/S/T/M-$53
4Colonial32629135 10.7%$451$451$451 T-$15
5Lake Worth826801 253.0%$477$477$477 W/S/T-$45
6Sand and Sea604582 223.6%$442$442$442 T-$11
7Meadowbrook500479214.2% $321$327$321W/T-$34
8+The Southern Court1451301510.3% $253$334$277W/S/T/M-$49
9+Ramblewood12512321.6% $300$300$300W/S/T/M-$49
10+Masa Verde300287134.3% $365$375$370W/S/T-$38
11Whispering Pines304293113.6% $416$426$416T-$14A P/T $116.38 not included
12Casa Del Monte657647101/5% $450$450$450S/T-$34
13+Palm Beach330320103.0% $295$295$295W/S/T-$38
14Longlake13412596.7% $454$474$454W/S/T/M/C-$104
15Lakeside Palm Beaches25925183.1% $362$362$362T-$18
16+Ocean Tide23823083.4% $272$272$272W/S/T-$34
17Palm Beach Colony28527782.8% $358$403$358T-$18M P/T $29.31 & .33 included
18Pickwick Park36936182.2% $425$425$425S/T-$30
19Akers Away152149 32.0%$380$380 $380T-$18
20+Kokomo16115563.7%$331 $331$331W/S/T/M-$53A P/T $193.00 not included
21+Lantana Cascades462456 61.3%$425$425$425 None
22+Sunny South31931451.6% $445$495$445T/M-$26A P/T $.80 not included
23Holiday Plaza26625610 3.8%$383$383$383 T-$18
24Palm Beach Plantation21421041.9% $442$481$442T-$15
25Holiday Ranch22722431.3% $372$372$372T-$18
26+Palm Breeze Club18918721.1% $450$475$450T/M-$29
27Taraves Cove37737520.5% $365$375$365W/S/T-$48
28+Greenacres757411/3% $300$300$300W/S/T-$38A P/T $165.00 not included
29+Happy Landing444312.3% $362$362$362T-$18
30+Sunshine17016910.6% $350$375$350T/M-$30
31+Royal Manor43743700.0% $434$459$434W/S/T/M/C-$79A P/T $157.56 not included
32+La Poloma23523500.0% $385$485$385W/S/T/M-$55
33Hilltop Gardens16016000.0% $375$375$375T/M/C-$59
34Brairwood14414400.0% $403$403$403T-$15
35Holt's Lazyland13113100.0% $275$285$285T-$15
36+Sunny Sands$104$10400.0% $410$523$444W/S/T/C-$66
Palm Beach Sub Total10,73510,305430 4.0%
Total Vacancies31,69029,4452,8749.1%


The 18 communities shown in bold are verified by fax or telecon

Web Master: Our best guess for the codes is . . .

  • + means an adult 55+ park

  • M means maintance (lawn service?)

  • P/T means pass through tax

  • S means sewer

  • T means tax or trash pickup fee

  • W means water

    Printable Park List  Here is a printable list of Florida mobile home parks with their address and phone numbers found lacking in The Urban Group report.

    Coral Lake Relocation Report Exhibit-1 Mobile Home Parks Exhibit-2 Rental Apartments

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