This entry treats mobile home parks at capital scale: deploying significant capital to acquire and aggregate manufactured-housing communities, often through funds or large operating platforms, and executing value-add strategies across portfolios to earn returns from the lot-rent income and the...
Log in to follow$150k into a six-park value-add deal, 890 lots, three states. I read every page of the LP agreement and the PPM, twice, and marked it up. I still lost most of my position, and the…
This is the beginner version of a loss because I was a beginner. Someone I met through a real estate group was selling participations in a loan he'd made to an operator buying a 1…
The clause was three words long. "Exclusively sourced by consultant." I read it, thought it meant the parks I brought them, and signed it on a phone call. Setup: a mid-size aggreg…