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This week’s newsletter is short and sweet. Can you find the theme in the articles and videos?
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What We Are Reading
The Goods - Manufactured Housing
Upset mobile home owners seek reprieve from federal agency’s order to move out— Lincoln, NE |
Seventeen years ago, Bill Roddy found a little piece of paradise along a quiet reservoir in southwest Nebraska. Roddy, then living in the Denver area, purchased a mobile home that was for sale on leased land that sits along Swanson Reservoir, a 5,000-acre fishing and recreation lake near Trenton.
State Forces Closure of Crawford County Mobile Home Park— Crawford County, MI |
The state of Michigan is shutting down a long-standing mobile home park in Crawford County, leaving people scrambling to find a new place to live.
Louisville mobile home park residents want answers as forced move looms— Louisville, TN |
Several people who live at a mobile home park in Louisville are looking for a new place to live and they’re not happy about it. The town has told them they have to move their RVs and campers by the end of June and that their homes violate a town ordinance.
Residents of Glenwood-area mobile home park preparing to buy land after nonprofit intermediary takes ownership— Glenwood Springs, CO |
New 3-Mile Mobile Home Park manager and community organizer, Brianda Cervantes, speaks with resident Lucia Magallón during a visit to the park on Monday evening.
Flatwoods to initiate eminent domain on trailer court— Flatwoods, KY |
The City of Flatwoods voted this week to start eminent domain proceedings on a trailer court on Olivia Lane. According to City Attorney Stephen McGinnis, the property will be used for a new fire house, a new fire training ground and a city park. McGinnis also said in a written statement that the process before the city will actually acquire the property will take several months.
Dallas Pike Campground Residents Receive Eviction Extension— Triadelphia, WV |
Dallas Pike Campground and Mobile Home Park residents received a new letter this week informing them of a new eviction deadline. The land has been sold to a new owner who does not plan to continue operating the campground.
A small but painful blow to affordable housing— Big Sky, MT |
Robert “Kenny” Alley said he’s been in Big Sky for, let’s see, 34 years now. He’s semi-retired—he found out you can’t just sit around, so he’s been working with Warren Bibbins, former Olive B’s owner, splitting and piling wood for sale outside the Whitewater Inn on U.S. Highway 191.
Bradenton Beach official gives insight on Pines Trailer Park future— Bradenton Beach, FL |
Some six months after an announcement the owners of the Pines Trailer Park land plan to sell, Bradenton Beach City Hall has yet to receive any inquiries about development options.
Former mobile home park to become affordable housing development— Longmont, CO |
The former Royal Mobile Home Park, which was ravaged by the 2013 floods, will one day become an affordable housing development in Longmont. At least, that’s the plan.
Kalispell receives $750K on behalf of manufactured home community— Kalispell, MT |
A resident-owned manufactured home community seeking to hook into Kalispell's water and sewer system has received a boost from the Montana Coal Endowment Program.
New money to help Vermont mobile home parks— East Middlebury, VT |
Historic levels of federal funding are bringing help to some of Vermont’s poorest communities by reinvesting in rural infrastructure.
Public Markets Corner
Recent Acquisitions
Mobile home park near Keremeos sold for $1.45M |
Video Gallery
Residents evicted from senior trailer park in North Las Vegas
New owners raise rent; Families fear homelessness
Mobile home park residents continue to battle GCU over redevelopment after being asked to leave
Social Section
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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.
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