Reading articles week in and week out about evil park owners makes one wonder if we will ever get any love. Well, the day has finally arrived.

For those keeping score, we have 1 article celebrating the revitalization of a mobile home park and 4 reporting the closure of separate mobile home parks. We wish this were an anomaly.

Also, Bob Vila rates manufactured homes; NY rent strike continues; Orlando looking at rent control; the housing market is in a recession; and much more.

Enjoy!

What We Are Reading

The Goods - Manufactured Housing

Hazleton celebrates transformed mobile home park

“Here we go,” said Hazleton Mayor Darin Hayzlett as he ceremoniously cut the red streamer stretched across the north entrance to the Hazleton Mobile Home Park (HMHP, LLC) Saturday morning.

Developer plans Puyallup apartment complex. 42 families forced to move to make room

Armando Aragon and his family moved into a home about six and a half years ago that they renovated to meet the needs of his son, Brian. Brian, 28, was seriously injured in a car accident seven years ago, which severely limited his mobility.

San Rafael mobile home park to close over rent control dispute

The owner of a Marin County mobile home park has threatened to close and displace 40 residents because of a court order not to raise rents.

The Best Mobile Home Manufacturers of 2022

Simplicity, affordability, and availability—there’s a lot to like about mobile homes. Here’s how to pick one of the best mobile home manufacturers.

Eviction notices cause alarm at Marion mobile home park

A Marion mobile home park is under new ownership, and recent changes have residents worried about higher rent and evictions.

Ridgeview rent strike turns elected officials' heads

In the wake of a continuing rent strike at Ridgeview Manufactured Homes Park, a mobile home park in Newfane, elected officials have lent their ear to the continuing concerns faced by residents there and in other nearby manufactured home parks.

Couple sell everything they own to buy their dream trailer park

A British couple sold their house and bought an abandoned mobile home park for about $108,000 after falling in love with it on their first visit—in a bid to live mortgage-free.

National Sales Report - July 2022

Moving Out: Deadline to leave for Douglas County mobile home park residents

August 15, 2022 marks the move-out deadline for residents of a Douglas County mobile home park. As CBS 3 Duluth reported two weeks ago, people living at the Country Acres Mobile Home Park had until August 15 to move off the property and take their trailers with them.

Organization helps manufactured home residents buy lots

Big developers buying up manufactured home lots and raising rents to the point where residents have to look for new homes is a growing problem across the country.

This manufactured home park will soon be boat storage, but one resident stays to fight

Angela Kaufman purchased what she thought would be her longtime home in a mobile home community. Less than a year after she moved, the park was sold and residents were told they had to go.

General Real Estate News

• As Apartment Rents Soar in Orlando, Rent Control Goes to a Vote. (Link)

• Homebuyers Turn to New England Bargains in Hottest US Markets. (Link)

• Housing Market Recession Is Here: Home Builders Slash Prices As Buyers Cancel Contracts, Mortgage Rates Rise. (Link)

• Brookfield Raises $14.5B For New Fund And Is Buying At ‘Unprecedented’ Yields. (Link)

It’s the Economy, Stupid

• The Fed’s Past Crises Hold Secrets to Tackling Future Recessions. (Link)

Regulatory and Affordability

• CVS investing $19M in affordable housing development in Columbus. (Link)

• POLL: Does rent control provide more housing for lower-income households? (Link)

• HUD awards $41 million to boost local affordable housing and community development. (Link)

• Atlanta’s affordable housing strike force wants to fast-track projects. (Link)

• Tenants to Homeowners to double its affordable housing offerings with west Lawrence development. (Link)

• How JPMorgan Chase Encourages Landlords to Keep Apartments Affordable. (Link)

• MacKenzie Scott Gives $55 Million for Affordable Housing Efforts in Los Angeles. (Link)

• Town of Blacksburg launches affordable housing development fund. (Link)

• Chapel Hill organizations respond to ongoing affordable housing issues. (Link)

• Fairfax Co. supervisors approve more than $33M for affordable housing development. (Link)

Charts Making Us Smarter

A handful of US counties are expected to see heat index temperatures of 125°F in 2023 (left) under First Street’s model. By 2053, there will be an “extreme heat belt” (right) of counties that reach highs of 125°F at least once a year. Source: First Street Foundation

Public Markets Corner

Manufactured Housing Properties Inc. management's discussion and analysis of financial condition and results of operations. (form 10-Q)

Henderson supervisor says concerns over campgrounds on Hovey’s Island are premature

Eugene W. Landy, Founder And Chairman of the board of UMH Properties, Inc., Inducted into the RV/ MH Hall Of Fame

Recent Acquisitions

Mobile home park near West Palm Beach sells for $39M

Solsidan Capital, LLC announces the closing of Quail Creek MHP, located in Camden, Ohio

Four Leaf Properties Announces Acquisition of Newburg Meadows Manufactured Home Community in Tecumseh Michigan

HARRI5 CLOSED Ideal Mobile Community, Fallon, NV+/- 197 Spaces, 5 Star, All-Age

48 site all-ages mobile home park located near downtown Phoenix is closed for $2M

MUELLER & HOFFMAN MANUFACTURED HOUSING is pleased to announce the sale of AAA Mobile Home Park and Continental Estates communities in Cheyenne, WY

JUST CLOSED: Sandell Mobile Home Park in Corsicana, TX

3-Star MH Community in Colorado 105+/- sites sold for $10M

Another closing! Saratoga Group recently closed on this community in Little Rock, AR

Manufactured Housing Properties Inc. acquires a new community

Recent Financings

150+ Homesites just funded by Security Mortgage Group! 🏡

Check out the details on these 63 new homesites in Columbus! 🏡

Deals We’re Reviewing

Marcus & Millichap's Manufactured Housing Community Portfolio

Pittsburgh, PA MSA, NW Ohio, Saginaw, MI, and Charleston, West Virginia.

• PITT MSA (7 MHC) + Charleston, WV (1 MHC): 737 Sites

• Saginaw, MI: 309 sites

• Western Ohio (3MHC): 179 Sites

• Total Price: $45,515,000

Video Gallery

America’s Last Affordable Housing Is Under Threat | Watch Video ▶

Several families face eviction from Puyallup mobile home park as developer plans new apartment complex | Watch Video ▶

Palm Springs mobile home park residents seek answers after a month of power outages | Watch Video ▶

Broward Mobile Home Residents Facing Eviction | Watch Video ▶

News 4 Investigates: 23 Jefferson County families forced from homes with no warning | Watch Video ▶

The last images of the Jamison Mobile Home Park community | Watch Video ▶

Buckeye mobile home park hit hard by latest monsoon storm | Watch Video ▶

Heat wave sparks 'absolutely miserable' memories at Portland mobile park | Watch Video ▶

Stuck in the affordable housing crisis | Watch Video ▶

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Elevation Capital Group, and its affiliates, (“Elevation”) focuses exclusively on two niche property types: Mobile Home Communities and Self Storage Facilities. Elevation, through its affiliates, has acquired properties worth more than $600 million and has owned more than 200 properties across more than 30 states. To learn more about Elevation and their current investment offering, click here.

Contact us at [email protected] for sponsorship inquiries.