The following press release was provided to MHProNews by Senator Laura Murphy (IL State-D). Murphy’s media release promotes two laws that may be coming to a state you or your firm are doing business in. Or, it may become the foundation for other bills that are working their way through …
VA gubernatorial candidate Glenn Youngkin told CNBC last March that he stepped down from The Carlyle Group (CG) in 2020 to prepare his run as a GOP (Republican) candidate to be the Governor of Virginia (VA). “I’m not a politician. I’m a homegrown Virginian and I’ve spent the last 30 …
CoStar Group Inc (NASDAQ:CSGP) owned LoopNet, in an article by commercial real estate editor Daniel Schmergel, admits that the manufactured home community sector is “one of the least understood and most intriguing real estate asset classes.” So, “LoopNet is providing an overview of the mobile, or manufactured, home community sector” …
On Monday May 17, 2021, Killam (KMMPF) released the following information. What follows is their distribution statement. Following that is their latest Investor Relations presentation. Per Cison and Yahoo Finance, the following. HALIFAX, NS, May 17, 2021 /CNW/ – Killam Apartment REIT (TSX: KMP.UN) is pleased to announce its May 2021 monthly distribution. The distribution …
There are several websites that provided employees, past and present, and opportunity to sound off on the company that they work for in a fashion that may avoid retaliation. Per 122 reviews on Indeed, the average rating is 2.5 out of 5. Glass Door’s update 4 days ago is only …
In a post-COVID19 America where some have been partially locked down for significant periods of time, certain questions should be asked. Among them is this one. Are dangers increasing for management, staff and residents in manufactured home land lease communities? Fox 5 in Atlanta reported on the arrest of “Alberto …
Attorney and manufactured home community investor Rob Coldren, Mike Cirillo, and Pacific Current Partners are back in the news. To grasp the issues at play that apparently contribute to the charge that caused Coldren to be named as one of the “scariest people” in Orange County per OC Weekly, first …
The latest 8K filing by Sun Communities includes the factoid that Sun (SUI) has some 269 manufactured home communities. In their 3rd quarter report from Sun, which is found further below, Sun stated that they have “710” manufactured home sales. For those who don’t have their calculator handy, that is …
With so much capital chasing land lease manufactured home communities, which are often – if inaccurately – called “mobile home parks,” a logical question should be – is it overheating? To shed light on that timely concern, consider the following. “A prevalent question in the mortgage industry is whether the …
MHProNews has been tracking reports of a financial duel between publicly traded Sun Communities (SUI) and equity giant Blackstone (BX) for a portfolio of land-lease manufactured home communities for a deal reportedly worth north of half-a-billion dollars. The first brief below is from left-of-center Bloomberg News. It will he followed …
Pre-COVID19’s notable impact on the U.S., Statista reported that “In 2019, there were 281,000 multifamily housing units built in the United States and 280,000 are forecast to be completed in 2020” on Dec 11, 2019. Investopedia stated on October 2, 2019 that “Here are three reasons to consider investing in multifamily real estate as …
“All three of the options discussed, if properly done, will give the industry a much-needed image boost and ready the [manufactured housing] market for expansion.” So said Donald (“Don”) C. Westphal, a member of the Manufactured Housing Institute (MHI) in an article published in Kurt Kelley’s MHR and MHVillage’s MHInsider …
During an ongoing affordable housing crisis, manufactured housing as an industry is demonstrably underperforming. A normal question that would raise from the mildly curious to those who are or ponder investing in this sector is – why? A senior official with a multi-billion-dollar firm that already had ties to manufactured …
“Every one of us has to change our lifestyle to help reduce the spread of this terrible virus. Some tips for manufactured home community owners and managers: Do daily cleaning of any common area accessible to residents, including your office. Close non-essential common area facilities such as club houses …
There is no doubt that well managed property rental, including the rental of manufactured homes in land-lease communities, can be a profitable business. Sun Communities, ELS and UMH Properties have all documented that point. That noted, it is at times such as this upheaval caused by the Wuhan Virus (a.k.a. …
MHProNews contacted John Chang, Senior Vice President, National Director Marcus & Millichap Research Services last week for additional insights related to their first half of 2020 study of manufactured home community data and trends study. The focus of the inquiry could be summed up in this manner: what would the …
New research by the University of Texas law school has been published that has received scant attention by manufactured housing trade media, until now. As it is third-party academic research, it is worthy of consideration by industry professionals, investors, advocates and policy wonks. Heather K. Way, JD; Carol E. Fraser, …
Endangered – University of Texas Study of Manufactured Home Communities Read More
“Presidents’ Day? George Washington’s birthday? Whatever you decide to call it, the third Monday of February is meant to celebrate past and present presidents,” said the McClatchy-owned Idaho Statesman. The markets are closed on Presidents day, so MHProNews will hereby share an update on the 2020 presidential race against the …
In medical school, future MDs are taught to separate emotions from facts and evidence. Similarly, attorneys, CPAs, engineers or business professionals are taught to focus on what evidence, demonstrable facts, or pertinent statements reveal about a given subject. In news, while journalists or commentators have a perspective, the best strive …
This will be part one of a two-part report that will be a deeper dive into insights and information from manufactured home community giant, Equity LifeStyle Properties (ELS) and information that will shed on the land-lease sector and the industry at large. In part one, Manufactured Home Professional News (MHProNews) …
