- the MHC weekend
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- Post-MHI Hangover
Post-MHI Hangover
Literally
Shortened newsletter due to MHI this past week.
Enjoy!
What We Are Reading
The Goods - Manufactured Housing
'Trapped': How federally backed financing is making mobile homes less affordable — Washington
Low-interest loans supported by Fannie Mae and Freddie Mac have fueled a spree of acquisitions of mobile home parks where new owners drive up costs for longtime residents.
Colo. representative is running a bill to fix trailer park water — Edwards, CO
Legislation from Rep. Velasco would establish a new Colorado testing program to address ‘secondary’ water quality related to smell, taste and color.
Invesco Real Estate Launches Homestead Communities, a National Manufactured Housing Platform — Dallas, TX
Invesco Real Estate, a global leader in the real estate investment management business, announced today the launch of Homestead Communities, a real estate operating company. Homestead Communities is dedicated to addressing the affordable housing crisis in the U.S. by providing safe, clean, and supportive communities for working families and retirees where they can own or rent affordable, high-quality, single-family manufactured homes.
Now’s your chance to live in America’s priciest trailer park — Malibu, CA
An exclusive Malibu, California neighborhood — which is actually a trailer park — currently has two live listings within its high-priced, celebrity-filled grounds.
Baldwin County mobile home park owner continues fight for RV spots — Bradenton, FL
Recreational vehicles parked behind a mobile home. Steve Huffaker, who owns a mobile home park in Bay Minette, argues that, despite a rule against it, there are RVs in mobile home parks all over the county.
Governor signs mobile home rights bill — North Dakota
In response to the outcry and complaints from residents of mobile home communities across the state, Gov. Doug Burgum has signed Senate Bill 2243 into law which lawmakers hope will provide more accountability from park owners.
Harmony Closing Mobile Home Park. Future Use for Land Unknown — Fresno, CA
A north Fresno mobile home park is set to close within 12 months, with several residents receiving new eviction notices last week. Harmony Communities sent the notice to several renters demanding they leave the park within the next year. Some residents did not receive the new notice because they are already fighting the landlord on existing eviction notices.
Council to debate selling off trailer park — Thunder Bay, ON
A city councillor wants to see the city examine getting out of the trailer park business, requesting a report on the potential sale of Hillcourt Estates. The property has been a consistent money-maker for the city in recent years, and residents previously vocally opposed a sale.
‘They might have some fatalities’: Mobile home tenants in Sooke without power for a week — Sooke, BC
Tenants at the Sherwood Estates Mobile Home Park in Sooke say they haven’t had power for a week and are worried that’ll continue for nearly a month. On Easter, Michelle McKay said that power from her mobile home was lost and now, nearly a week later, few answers have been given.
Jonathan Karlen and George Nikolakakos: Different parties, same goal: Bolster protections for Montanans in mobile home parks — Montana
As members of opposing parties in the Montana House of Representatives, we represent different communities and sometimes disagree passionately. But we’ve been proud to find common ground to provide urgently needed legal protections for tens of thousands of Montanans who live in mobile home parks.
Water main issues continue with Timberbrook Mobile Home Park — Bristol, IN
The Timberbrook Manufactured Home Community has water again, but no one knows for how long. “Right now, we have water,” said Timberbrook resident Charidy Fuller. “Don’t know how long it’s going to last but we have water.”
General Real Estate News
Regulatory and Affordability
Public Markets Corner
Equity LifeStyle Properties, Inc. Reports First Quarter Results - 2023
Recent Acquisitions
Manufactured Housing Properties Acquires Palm Shadows Mobile Home & RV Resort
UMH Properties, Inc. Completes Acquisition Of Land In Ohio
Deals We’re Reviewing
3.5 Stars | 125 +/- Sites | Target Price: $8,000,000
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.