Owners sought to triple the monthly charges for parking mobile homes at a Petaluma mobile home park

 

 "Park operators had sought to raise the charge for mobile home spaces by more than $1,500 a month. The average ground rent is currently $495"

 

Read the original article:  Arbitrator nixes massive rent increases sought by mobile home park

Fair Housing Workshop, 6/27/24, Fairfield

 

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