Manufactured housing communities are one of the few real estate asset classes where the fundamentals genuinely favor the owner: supply is protected, demand is recession resistant, and most parks are still owned by operators without the capital or expertise to run them well. That gap is the opportunity.
Not every real estate asset class has the fundamentals working in the owner's favor. We think this one genuinely does, for a few structural reasons.
Unlike other asset classes such as multifamily apartments, mobile home parks (manufactured housing communities) have been extremely difficult to build new. Supply is capped at existing parks, which continue to see high demand because of their affordability and value.
Affordable housing is a necessity, not a discretionary purchase, and mobile home parks play a real role in easing the broader affordable housing crisis. That makes occupancy and rent collection meaningfully more resilient through recessions than most other real estate asset classes.
We partner with the most experienced operators we know to create value for our investors, rather than trying to professionalize every park ourselves. That partnership is where value gets created, not just riding market appreciation.
When residents own their own homes and simply rent the pad underneath, the owner carries far less maintenance and capital expenditure than a typical multifamily property, while still collecting steady, recurring income.
Rather than betting on appreciation, we underwrite each park for the income and value creation we can control directly.
Our most recent mobile home park (manufactured housing community) offering has closed to new investment. You can see the specifics of what we've acquired, and why, on our portfolio page.
See our portfolio →This offering is a SEC Reg D 506(c) and is open to accredited investors only.
An accredited investor has either a net worth of $1 million, not including their primary residence, or an annual income of $200,000 (or $300,000 if married) for the last two years, with a reasonable expectation that it will continue.
When the next one opens, Investor Club members hear about it first, before it's announced anywhere else. Join the Club.
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