- the MHC weekend
- Posts
- It’s MHP Operators’ Turn
I think the Media took a week off for vacation. We read only one article panning MHP owners. There were a significant number of articles around affordability, some of which were entertaining (see Berkeley article here) and a few by fellow MHP owners providing a peak into their experience with municipalities.
Enjoy!
What We Are Reading
The Goods - Manufactured Housing
Why Texas Makes Sense for Manufactured Housing Investment
Currently in its third generation of acquiring, operating and developing manufactured housing communities, California-based Three Pillar Communities is among the top 50 owners of mobile home parks in the U.S. The company has just expanded outside the West Coast with four Texas communities, and Co-Founder & Principal Daniel Weisfield has no intention of slowing down, particularly as demand for affordable housing options is sky-high across The Lone Star State.
Mobile Homes Are a Crucial Source of Affordable Housing. Politicians Are Trying To Zone Them Out of Town
The government should not take away reliable and affordable housing from those who need it most. Across the country, legislators are piling on regulations and restrictions that make it harder to build and maintain affordable housing at a time of desperate need.
Investors are buying manufactured-home communities. Some Vermonters are resisting
Across the country, private equity firms and real-estate investment trusts are buying up manufactured home communities from local owners and charging residents more to remain there.
Montana is losing it’s trailer parks at the worst possible time
Montana simply cannot have it both ways. Our housing issues are now at crisis level with soaring prices and very little rental inventory. Have you known anyone who has tried to rent a trailer? It's next to impossible with very lengthy waiting lists.
Riverdale mobile home park land rezoned, boding for redevelopment
Moves to dismantle a Riverdale mobile home park sitting off busy Riverdale Road, potentially displacing the 100 or so people still living at the site, have taken another step forward.
Beacon Falls Mobile Home Residents to Petition for Fair Rent Commission, Air Grievances
Tenants from the River’s Edge Mobile Home Community in Beacon Falls are petitioning the town to create a Fair Rent Commission after the community’s owner, Athena, raised tenants’ rents by $50 a month, an increase of about 10 percent.
Regulatory and Affordability
Marc Andreessen ‘opposed affordable housing’ in his wealthy Silicon Valley town: report. (Link)
'Peak Berkeley': Protesters Halt Low-Income Housing Project. (Link)
Three Challenges Facing The Affordable Housing Market—And How Industry Leaders Can Start Addressing Them. (Link)
Mayoral candidates outline plans to make housing more affordable. (Link)
In Colorado mountain towns, where affordable housing is scarce, ‘even living out of your car is gentrified’. (Link)
Texas developer promises displaced Nashville residents they can return, but right now it’s up in the air. (Link)
'We have nowhere to go': Many face eviction during a crisis in affordable housing. (Link)
In-fighting over affordable housing at city hall escalates with new lawsuit; meanwhile newsom's office launches unprecedented review of sf policy. (Link)
General Real Estate News
It’s the Economy, Stupid
Charts Making Us Smarter
Public Markets Corner
Flagship Communities Real Estate Investment Trust announces second quarter results
Flagship Communities Real Estate Investment Trust ("Flagship" or the "REIT") (TSX: MHC.U) (TSX: MHC.UN) released its results for the three and six months ended June 30, 2022 ("Q2"). The financial results of the REIT are presented below in accordance with International Financial Reporting Standards ("IFRS"), except where otherwise noted. Results are shown in U.S. dollars unless otherwise noted.
Recent Acquisitions
UMH PROPERTIES, INC. announces acquisition of a South Carolina Community through its newly-formed qualified opportunity zone fund
Manufactured home community sells for nearly $70 million in Manatee
HARRI5 CLOSED Phoenix MSA RV Park Model Resort, +/- 175 Spaces, 5 Star, 55+
National buyer acquires a large, high quality community in the Boise metro
Aline Capital is proud to announce the closing of 39-pad mobile home park, complete with 39 park-owned homes and a warehouse
MUELLER & HOFFMAN MANUFACTURED HOUSING, is pleased to announce the sale of the Whispering Pines and Bel Air Mobile Home Park communities
Deals We’re Reviewing
Number of Spaces: 59 | Lot Size: 12.70 acres | Occupancy: 91.5%
Video Gallery
Rising rent inflation hurts low-income Las Vegas residents the most | Watch Video ▶
Lake City launches affordable housing initiative | Watch Video ▶
Podcast Picks
Ep. 150 | Interview With Jonathan Gilmore. Listen Now →
Episode 49: Mom and Pop vs Institutional Owners. Listen Now →
The Dangers of Indecisiveness. Listen Now →
Social Section
Sponsored By —
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.