GMF Group has raked in roughly $250 million from the closing of its latest funding round and plans to keep up nationwide investments in housing communities.

Since launching GMF Group Fund II, the real estate firm has acquired 43 manufactured housing communities (MHCs) in both North Carolina and Florida. Plus, the company said it is under contract to buy five MHCs in undisclosed cities in the Midwest and Southeast regions, accounting for about 400 lots.

In addition to acquiring assets, Group Fund II is making renovations to properties, which includes improving infrastructure, bolstering amenities and common areas, paving and landscaping, as well as implementing new affordable homes. GMF, which has invested almost $30 million in its MHCs portfolio, hopes that these moves will provide a boost in value for both residents and investors.