Private buyers of manufactured housing communities are evil, right? Resident Owned Communities are the solution, right? Not so fast my friend. Now, according to this article here, we’re supposed to feel bad for the residents of a ROC when they decide to sell to an outside party. They “regret it”. I can’t make this stuff up.

Enjoy!

What We Are Reading

The Goods - Manufactured Housing

They sold the land under their Pinellas County mobile homes. Now they regret it — Apollo Beach, FL

Caribbean Isles represented an affordable retirement dream. Residents thought it would stay that way. Over the summer, the resident-shareholders of Caribbean Isles, a 55-and-older mobile home community in Largo, decided to sell the property to a corporate buyer.

Candlewood residents come together under dire circumstances — Mahomet, IL

In order to protect residents in the Candlewood Mobile Home Park, names will not be used in this piece. Actual conversations with residents, not just ones taken from Facebook, have taken place over the last couple weeks. This is the account of those families who needed a place to put their voice without fear of retribution from current or former owners of the subdivision. We are happy to provide that for them.

Site Plan Approved For Mobile Home Park Expansion — Ocean City, MD

Plans for the expansion of a West Ocean City mobile home park moved ahead last week following approval by county officials. The Worcester County Planning Commission last Thursday voted unanimously to approve a site plan for Salt Life Park. The project consists of a 34-lot expansion of an existing manufactured home park on Old Bridge Road.

New mobile home park proposed in Nibley — Elkhorn, WI

A new mobile home park has been proposed in Nibley. The project, called Elkhorn Mobile Estates, would be a 68-unit park on about 9.7 acres at 2850 S. 800 West.

Lee County mobile home community still without water & electricity after Ian, 1,500 displaced residents awaiting answers — Lee County, FL

Since Hurricane Ian, the Indian Creek RV Resort and Manufactured Home Community in Lee County still has zero water and zero electricity access in the park.

Mobile home park residents in Selah come together to purchase their park — Selah, WA

Around Christmas 2020, residents of the Selah Hills mobile home park received letters from their management company stating the park was up for sale. Kurtis Drake, who has lived in Selah Hills for 32 years, was familiar with the way management companies buy new parks and either raise rent or demolish them for redevelopment, sometimes kicking out residents in the process.

Follett USA Expanding Kwikbit Internet 1 Gig Broadband Offering to Eight Communities Across Four States — Sacramento, CA

Follett USA, a leading owner and operator of manufactured housing communities throughout the United States, and Kwikbit Internet, the leading provider of wireless gigabit broadband to manufactured housing, have contracted to deliver service to 8 communities in 2023.

Havenpark Communities provides 870 affordably priced manufactured homes in 2022 — Orem, UT

Havenpark Communities, an operator and developer of manufactured home communities, is proud to announce that it added 870 high-quality, affordable homes across its community portfolio in 2022, with 800 additional homes promised in 2023.

RHP Properties Donates $66,000 to AdoptAClassroom.org, American Red Cross Sound the Alarm, and Toy & Food Drives in 2022 — Farmington Hills, MI

RHP Properties (RHP) donated $66,000 in 2022 to support elementary and high school education initiatives through AdoptAClassroom.org, raise awareness about home and fire safety through American Red Cross, and provide essential food and toys through the Farmington Area Goodfellows and No Kid Hungry. Fifty thousand dollars benefitted residents of its manufactured home communities, with $16,000 helping the community at large in toy and food donations.

General Real Estate News

• Blackstone Loses Fight Over Rent Controls at Manhattan Complex. (Link)

Regulatory and Affordability

• MicroBuild fund wins award for supporting more than one million families. (Link)

Charts Making Us Smarter

Public Markets Corner

• Equity LifeStyle Properties, Inc. Announces Fourth Quarter 2022 Earnings Release and Conference Call. (Link)

• UMH PROPERTIES, INC. announces dividend increase. (Link)

• Hundreds more mobile homes could be coming to Horry County. The developer runs Carolina Pines. (Link)

• Sun Communities, Inc. Prices $400 Million of Senior Notes. (Link)

• UMH Properties : PROSPECTUS SUPPLEMENT - DUPLICATE. (Link)

Recent Acquisitions

Sunrise Capital Investors Expands Fund 3's Successful Mobile Home Park Asset Base with Twin Cities Acquisition

Video Gallery

Phoenix mobile home park residents forced to relocate

Stockton mobile home park left without power since Saturday night

Pre-built apartments help increase affordable housing in San Diego

Flooding devastates Belmont mobile home community

Griffin trailer park heavily damaged by tornadoes

Social Section

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Contact us at [email protected] for sponsorship inquiries.