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 | |