Sunday, June 23, 2024
Owners sought to triple the monthly charges for parking mobile homes at a Petaluma mobile home park
Saturday, June 22, 2024
Tuesday, June 18, 2024
Mobile home parks increasingly owned by private equity firms, hedge funds, and large corporations - see PESP's tracker
See the PESP Private Equity Manufactured Housing Tracker HERE. Excerpt follows:
Key Points
- Over the past 20 years, manufactured home communities increasingly have gone from “mom and pop” enterprises to ownership by private equity firms, hedge funds, and large, multi-state corporations that seek to capitalize on manufactured-home owners’ unique situation.
- In 2020 and 2021, institutional investors accounted for 23% of all manufactured home purchases, up from 13% between 2017-2019. [1]
- Eleven private equity firms own 1,095 manufactured housing parks in the U.S. with over 240,000 lots.
- Three of the four largest private equity firms in the U.S. [2] own manufactured housing portfolios: Apollo Global Management (Inspire Communities), Blackstone (Treehouse Communities), and The Carlyle Group.
Private Equity Firm/ Hedge Fund | Manufactured Home Company | # Parks | # Lots |
Stockbridge Capital Partners | YES! Communities | 266 | 74,761 |
Brookfield Asset Management | RHP Properties | 120 | 27,061 |
Calzada Capital | Hometown America | 76 | 26,217 |
Federal Capital Partners | Horizon Land Mgmt | 169 | 24,344 |
Apollo Global Management | Inspire Communities | 115 | 23,590 |
Havenpark Capital Partners | Havenpark Communities | 64 | 19,121 |
The Blackstone Group | Treehouse Communities | 51 | 10,351 |
Riverstone Capital Partners | Riverstone Communities | 54 | 10,038 |
Alden Global Capital | Homes of America | 133 | 9,347 |
The Carlyle Group | 22 | 7,530 | |
Green Courte Partners | Windward Communities | 20 | 7,004 |
TOTAL | 1,095 | 240,174 |
Thursday, May 16, 2024
Please Come To The Meeting: MAY 19, 2024, 2:00 PM
Please Come To The Meeting
Vallejo Mobilehome Coalition
When: MAY 19, 2024
Where: 150 Seaport Dr. (Clubhouse)
An Informative Guest Speaker Will Be Attending
Time: Starts at 2:00 PM
Complimentary Food & Refreshments Will Be Served
Hope To See You There
Mark Your Gelendar for Every 3rd Sunday of the Month
Membership Not Required To Attend
Come Find Out The Latest And What Is Planned For Dates To Come
Bring Concerns and Questions to the Meeting
We Are In This Together
Any Questions Please Call The VMC HOTLINE 24/7 at (707) 648-6155 For a Call Back: "Please Leave a Message" We Will Get Back To You As Soon As Possible
Website: www.vallejomobilehomecoalition.com
Protecting the Rights of Mobilehome Owners
Notice of Public Comment Period: Mobilehome and Recreational Vehicle Park Manager Training Act
Notice of Public Comment Period Mobilehome and Recreational Vehicle Park Manager Training Act
The California Department of Housing and Community Development (HCD) is providing notice of a public comment period for proposed regulations implementing the Mobilehome and Recreational Vehicle Park Manager Training Act (Act) established by Senate Bill 869 (Chapter 662, Statutes of 2022).
The Act created the Park Manager Training Program (Program) within HCD. The Program must ensure that at least one person for each mobilehome park or recreational vehicle park receives specified training and examination to carry out their management role.
HCD invites written comment for consideration during the following public comment period:
The proposed regulatory language is available on HCD’s Title 25 Rulemaking webpage. For reasonable accommodations or questions, please email SB869@hcd.ca.gov or call 916.820.1486.
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Tuesday, May 14, 2024
Saturday, April 13, 2024
Monday, April 1, 2024
Novato mobile home park explores forming cooperative
According to the Marin Independent Journal: "Residents at the Marin Valley Mobile Country Club in Novato might form a limited-equity housing cooperative to purchase the city-owned lots their homes sit on."
The Marin Valley Mobile Country Club in Novato on Friday, June 23, 2023. (Alan Dep/Marin Independent Journal) |
Read the article here.
Friday, March 1, 2024
Thursday, February 29, 2024
Wednesday, February 28, 2024
Friday, February 16, 2024
Tuesday, January 23, 2024
Monday, January 22, 2024
Saturday, January 20, 2024
Monday, January 15, 2024
North Bay mobile home owners rally against landlords' soaring rent demands
" Each of the three mobile home parks -- Youngstown, Little Woods and Country Side -- is protected by rent control laws yet most residents have received rent increase demands well above the limits. In the case of Little Woods, a park with a high percentage of Spanish speaking people, the increases are as much at 300 percent and many are stuck because they own their mobile home but not the ground it sits on."
Read the CBS News article here.