Some residents purchased their respective communities in New Hampshire, Florida and Colorado. While ROC’s are not a new phenomenon, this is the first time we’ve seen more than one announced in a week’s time. A growing trend? Time will tell.

Also, some residents are worried about displacement, evictions and of course rent hikes - “Residents of Newbury Park senior mobile home park stunned at 8.5% rent hike”. Apparently, these residents haven’t heard of the word inflation.

Enjoy!

What We Are Reading

The Goods - Manufactured Housing

'Dream come true': Parklane Mobile Home Park residents buy park, set example for others

Residents have voted to rename their park to Nueva Vida Mobile Home Park/New Life Mobile Home Park, United Neighbors/Vecinos Unidos board member Nicole Armstrong told the Coloradoan.

Dania Beach mobile home park residents buy out landlords

Why rent when you can own? Residents of a historic Dania Beach mobile home park bought the 27-acre property from their landlords for $7.8 million.

Residents purchase Plymouth manufactured-home park

The homeowners in Pine Gate Village Mobile Home Park recently purchased their 34-unit manufactured-home park, making it New Hampshire’s 144th resident-owned community.

'This is too much': Residents of Newbury Park senior mobile home park stunned at 8.5% rent hike

Seniors at the Ventu Estates-Ventu Villas mobile home park in Newbury Park are reeling from an 8.5% rent hike that takes effect Nov. 1.

Reality sets in at Century MHP

The reality of an uncertain future is hitting home with people living in Century Mobile Home Park, especially for those who own the mobile homes where they live. The uncertainty stems from a notice sent to residents in July that the out-of-state owner, San Juan Vista, LLC, of Las Vegas, Nevada, has received an offer on the park for $6.8 million – in cash.

Mobile home park residents facing eviction in South Austin can stay a bit longer, judge rules

Residents of the Congress Mobile Home Park off South Congress Avenue were told this summer their leases would not be renewed and given 60 days to leave.

We don’t know what to do or where to turn:’ DeLand trailer park hikes rent 52%

Residents in a DeLand mobile home park are scrambling to figure out how to keep their homes with just a month until their rent goes up beyond many of their means.

Trash piled up at Seattle mobile home park as rents rose, homeless camp grew

For more than two weeks, trash had piled up in the five overflowing dumpsters at Halcyon Mobile Home Park, one of Seattle’s last manufactured home communities.

More than 70 Steamboat residents fear displacement with pending sale of mobile home park

About two weeks ago, Kim Osterhout, Jake Dombrowski and their neighbors at the Whitehaven Mobile Home Park in Steamboat Springs figuratively, and almost literally, had the rug pulled out from under them.

Allendale Pines Completes Capital Improvements, Expands

Mobile Home Rent Control Board was given an update on improvements at Allendale Pines Mobile Home Park through a bird's eye view. The park underwent water and sewer repairs and reconstruction, topped by road paving and reseeded lawns.

Four Leaf Development Launches New Breed of Lifestyle Community with Affordable Homes in Tyler Texas

Construction begins on Fannin Meadows, a brand new, highly amenitized master planned community offering factory-built homes.

Okemos mobile home park misses window to fix problems, sell

The 30-day window for Winslow Mobile Home Park’s operators to fix code violations and sell the park has passed, and neither a sale nor the violations have been resolved.

Mobile home communities in New Mexico hit hard by eviction notices

After New Mexico lifted the eviction moratorium this year, eviction notices started going up and it is impacting people living in mobile homes especially hard. According to New Mexico Legal Aid, they’ve been contacted by 83 clients facing evictions in just two months. In 2019, they had close to 100 clients the entire year.

Affordable Housing: How Manufactured Communities Can Drive a Better Future

With median home prices increasing 36.5% over the last two years, manufactured homes can play a role in sustaining an affordable housing market.

Can Washington State Plot a Way Out of Its Mobile Home Displacement Crisis?

Facing a mobile home park closure in Puyallup, housing advocates have rallied to protect residents and address the larger housing crisis.

General Real Estate News

• US Rents Hit New Record as Parts of NYC Soar Past $4,000 for August. (Link)

• Homes Sell Below List Price in US for First Time Since March 2021. (Link)

It’s the Economy, Stupid

• Wall Street Is in Denial Over the Economy. (Link)

Regulatory and Affordability

• ‘Penntrification’ protesters shut down Penn’s convocation speech to demand low-income housing. (Link)

• Affordable Housing Developers Look to the White House for Help. (Link)

• One Year After Eviction Moratorium Ends, Renters Face Affordability Crisis. (Link)

• UNLV professor examines link between affordable housing, child abuse. (Link)

• Despite billions spent, many housing projects still dilapidated deathtraps. (Link)

Charts Making Us Smarter

Areas with the HIGHEST share of home price drops

Public Markets Corner

Recent Acquisitions

RHP Properties is proud to announce our newest acquisition of 3 premier communities located in Fond du Lac, Wisconsin

Saratoga Group closed on a property in Florence, Alabama

Saragota Group recently acquired Pineview Estates in Albany, GA

Broadview Communities LLC acquired a 4 park manufactured housing portfolio North of Raleigh, North Carolina

Just Closed | Sunset Mobile Home Park | Yuma, AZ

HARRI5 Closed Pueblo Manor MHC, Apache Junction, AZ, 5 Star, 55+ Community, 180 Sites

Deals We’re Reviewing

Property Size: / 34.48± Acres / 97 Sites

Video Gallery

DeLand mobile home park residents frustrated over rent increase | Watch Video ▶

Future of old DeAnza Point Mobile Home Park depends on City of San Diego land use plan | Watch Video ▶

Mother In Boise Mobile Home Park Worries About Its Future | Watch Video ▶

School combats teacher shortage through affordable housing | Watch Video ▶

Unfolding tiny portable prefab cabin at sea shore. Building low-emission affordable housing | 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.