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 followI'm working out what a first deal costs me, and parks keep coming up as the thing with the best numbers. Low expenses, tenants who can't afford to move, demand going up when the e…
I've been reading two different pitch decks for park funds and they lead with completely different things. The first one spends four pages on lot rents being $340 in the target ma…
Working through a hypothetical aggregation of 12 parks, roughly 1,050 pads, mostly 1970s builds in secondary midwest and southeast markets, master metered water, expense ratio com…
Modeling exit on an aggregation and I can't get the room's consensus and my own math to agree. The consensus is portfolio premium. A buyer paying $90M for 14 stabilized parks with…
I've been running service calls for years and half of what I do is water and sewer under old properties. Two of the bigger park operators in my region have started calling around…
I've been comparing two loan requests and the collateral question is bothering me. One is a 96 lot manufactured housing community, tenant-owned homes, lot rent well under the loca…
Working through a $60M equity allocation and the choice keeps coming back to the same fork. Either we back a sponsor who already has a management platform across 40-odd parks and…