[Theoria]

Full article.

[grey_whiskers]

“Investors”

[PeterPrinciple]

“They wanted a uniform-looking, appearing, park,” said Cynthia Ceelen a 23-year resident. “That was their end goal, so that in three to five years they could resell.”

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So, this is a “run down” park in need of improvements. It is a fixer upper just like houses we look for.

Tenants want the cheap rent and not pay for improvements?

[Pollard]

Real Capital Analytics, a market research firm, said in a June 2021 report that institutional investors had accounted for 23 percent of manufactured housing park purchases over the previous two years, up from 13 percent in the two years before that. That has made the investors among the country’s largest landlords.

Manufactured home companies learning a little something from Blackrock.