Havenpark can’t win; Bellingham is preserving manufactured housing communities; National City, CA may adopt a law next month capping rent increases at mobile home parks; Phoenix-area mobile home park residents are facing evictions; and much more.

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What We Are Reading

The Goods - Manufactured Housing

Mobile home park residents voice concerns over park owners

Residents from mobile home parks around Iowa City gathered Wednesday to voice their concerns about owners ‘Havenpark Communities’.

Council votes to protect Bellingham's mobile home parks

Samish Mobile Home Park on Samish Way will not be redeveloped after the Bellingham City Council voted to include it among protected manufactured home parks on Oct. 24.

National City considers renter protections for trailer park tenants

Up for a vote in November, the ordinance proposes a 5 percent rent cap for all mobile home parks. There are four properties within the city.

Phoenix-area mobile home park residents are facing evictions

Residents walk at the Beacon mobile home park (formerly Las Casitas mobile home park) on Sept. 20, 2022, in Phoenix. The residents were asked to sign a 4-month lease and are worried about being evicted by the new owner.

Mobile homes are rising in value. But current residents can't cash out

Mobile home values are rising at a rate nearly as fast as that of single-family homes, according to a study released earlier this month by online loan platform LendingTree.

UMH Launched Sebring Square in Florida

Sebring Square is a manufactured home community provided by UMH properties. This new housing development is centrally located in Sebring, Florida near all the shopping, dining, and entertainment options that the city has to offer its residents. With both new and pre-owned manufactured homes available, this community provides plenty of options for those looking for an affordable and maintenance-free lifestyle.

Florida mobile home park residents forced to leave homes, terminate leases

One woman told AccuWeather that the type of tight-knit community found in the neighborhood is hard to come by these days.

Clear Creek County Housing Department invites residents to mobile home park organizing 101 class

Clear Creek County Housing Department is inviting county residents to a class on mobile home park organizing where residents can learn how to organize, advocate and maintain community in mobile home parks.

Michigan mobile home park residents push for stronger laws as rents rise

Holly Hook, a resident of Swartz Creek Estates, is the founder of Michigan Mobile Home Residents for Affordable Housing. Residents of Swartz Creek Estates have faced lot rent increases since a new private equity ownership group took over in 2018. Hook and others have been pushing to get legislation passed to provide more protections for mobile home residents, but that has recently stalled out.

Property owner works with city, county to clean up dilapidated mobile homes

An out-of-state company that was blindsided to discover its Wayne County property turned into a mobile home junk yard is working with Wayne County government and the city of Richmond to solve the problem.

Seeping sewage torments Lightner Creek Mobile Home Park

Johnnie Staley Sr., park manger at Lightner Creek Mobile Home Park, leaves the park’s sewage lagoon on Friday. The lagoon has a volume capacity of over 83,000 gallons and discharges into Lightner Creek.

Riverstone Communities Extends Partnership With Aclaimant to Support Growth Plan

Riverstone Communities utilizes Aclaimant to provide best-in-class safety and risk management for its communities.

General Real Estate News

• Renters Hit Breaking Point in a Sudden Reversal for Landlords. (Link)

• Invitation Homes Seeks $1 Billion to Cash In on Housing Slowdown. (Link)

Regulatory and Affordability

• The US has an affordable housing shortage. Here’s what Congress can do to fix it. (Link)

• New affordable housing development in the works in Mobile. (Link)

• NBC News report on local housing draws reaction. (Link)

• Lawmakers meet to discuss ways to address affordable housing crisis. (Link)

Charts Making Us Smarter

Public Markets Corner

Sun Communities, Inc. Reports 2022 Third Quarter Results

Southfield, MI, Oct. 24, 2022 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE: SUI) (the "Company" or "SUI"), a real estate investment trust ("REIT") that owns and operates, or has an interest in, manufactured housing ("MH") and recreational vehicle ("RV") communities, and marinas (collectively, the "properties"), today reported its third quarter results for 2022.

Transcript : Sun Communities, Inc., Q3 2022 Earnings Call, Oct 25, 2022

Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the Sun Communities Third Quarter 2022 Earnings Conference Call. At this time, management would like me to inform you...

Equity LifeStyle Properties (NYSE:ELS) Releases FY 2022 Earnings Guidance

Equity LifeStyle Properties (NYSE:ELS - Get Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $2.64-$2.70 for the period.

UMH Properties, Inc. Investor Presentation

Statements contained in this presentation that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Also, when we use any of the words “anticipate,” “assume,” “believe,” “estimate,” “expect,” “intend,” or similar expressions, we are making forward-looking statements.

Recent Acquisitions

The Broadway Company closes on 138-Pads in Southern Maine.

This is 9th park that I’ve added to the portfolio! This is a 52 space MH & RV hybrid park just east of Waco Texas.

Crystal View Capital is pleased to announce the acquisition of an 18.92-acre manufactured housing community in Grand Junction, Colorado with 132 sites.

Another closing by John Sheedy on a beautiful treed 141 site 3* MHP/hybrid community in Northern Arizona.

Aline Capital Manufactured Housing Team is pleased to announce the closing of Low Country Estates Manufactured Housing Community in Walterboro, SC.

Exclusive: Winter Garden property near Orlando sold for 'significant' price.

Video Gallery

Mercer County mobile home park owners make contact with county officials | Watch Video ▶

Mercer County mobile home lots to potentially face legal action | Watch Video ▶

Butte County looking into rent stabilization for mobile home parks | Watch Video ▶

52 lots in Avocado Mobile Home Park given tenant termination letters without warning | Watch Video ▶

Affordable Housing: Gov. DeSantis, Charlie Christ discuss hot topic during political debate | Watch Video ▶

Heavy winds cause damage throughout valley | Watch Video ▶

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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.