The recently announced $325 million dollar deal by publicly-traded Brookfield Asset Management (BAM), one of the larger investors in mobile and manufactured home communities (MHCs) in the U.S. and Canada ought to be news with every operation in MHVille trade media. However, several spot checks by MHProNews plus a search using Bing AI powered Copilot on 1.22.2023 found nothing. Per Copilot: “I did not find any [manufactured home industry] specific publications or bloggers that have reported on this sale” by Brookfield. The facts are what they are and will be provided in this report with expert analysis.

Part I

> “What news about Brookfield Asset Management sale of manufactured home communities, any updates since that story first broke?”

I found an article on The Real Deal that reports Brookfield Asset Management’s property fund sold 19 manufactured housing communities for $325 million to an unnamed buyer ¹. The mobile-home parks stretch across seven states and include more than 3,100 sites. The deal works out to more than $102,000 per site; each one is rented to a mobile home owner. The gross internal rate of return on the investment was roughly 24 percent, according to a Brookfield spokesperson ¹.

I did not find any updates on this story since it was first reported on January 11, 2024 ¹².”

> “Is Brookfield Asset Management a member of the Manufactured Housing Institute (MHI)?”

I could not find any information on whether Brookfield Asset Management is a member of the Manufactured Housing Institute (MHI). However, I did find that Brookfield Asset Management sold 19 manufactured housing communities for $325 million . The mobile-home parks stretch across seven states and include more than 3,100 sites. The deal works out to more than $102,000 per site; each one is rented to a mobile home owner. The gross internal rate of return on the investment was roughly 24 percent, according to a Brookfield spokesperson. The deal allows the fund to return capital to its investors, Brookfield Real Estate managing partner Swarup Katari said.

If you have any other questions, please let me know!

1 manufacturedhomepronews.com 2 brookfield.com 3 commercialobserver.com 4 therealdeal.com”

Beyond the points noted above, Bisnow and Bloomberg reported that: “The communities total 3,166 home sites, according to Brookfield, and are in seven states. The portfolio is a relatively small slice of Brookfield’s holdings in the sector, which totaled more than 170 communities before the sale.”

The Real Deal also said the following.

The asset manager snapped up $2 billion worth of manufactured housing sites in 2017. Its investment swelled to $3.2 billion in 2019 and $4.2 billion in 2020. The next year it inked a $2.2 billion refinancing of more than 29,000 sites, as well as several hundred RV sites across 13 states.

The property fund started pivoting away from the sector last summer. In August, Brookfield sold 23 manufactured housing communities. Brookfield held 170 of them prior to that sale.”

As Copilot noted, The Real Deal (TRD) said: “The deal allows the fund to return capital to its investors, Brookfield Real Estate managing partner Swarup Katari said.”

In response to a follow up by MHProNews, Copilot also said the following.

According to The Real Deal, an affiliate of Brookfield Asset Management secured a $2.2 billion refinancing on its portfolio of 124 mobile home communities and RV sites across the U.S. The debt was provided by Citi Real Estate Funding, DBR Investments, Morgan Stanley and Wells Fargo ¹.

> “Doesn’t Wells Fargo have a relationship with Fannie Mae and Freddie Mac on commercial real estate deals?”

Yes, Wells Fargo has a dedicated team that specializes in providing financing for multifamily properties using the programs of Fannie Mae, Freddie Mac, and the FHA ¹².”

It should be noted that Copilot said could not find any evidence that Duty to Serve (DTS) credits were generated by that refinancing.  That noted, the Lincoln Institute for Land Policy is among those who have expressed their concerns that the DTS program has been turned on its head by originating commercial real estate loans for larger portfolio owners that in several instances would then hike site fees for residents. Meaning, a resident living in a manufactured home community (MHC) might find themselves with less affordable housing through an apparent misuse of DTS.

“Commenting on the sale at the time, Katari noted the strength of the sector and noted that manufactured housing was becoming a viable alternative in the housing market,” per TRD, which then cited a report that was fisked and in several ways debunked by MHProNews via the report with analysis found at the link below. Other reports that have shed light on the often-problematic nature of manufactured home industry focused bloggers and trade media are also linked below.

A Brookfield Asset Management property fund sold a large chunk of a manufactured housing portfolio as the company seeks to capitalize on growing demand for the sector. https://t.co/4hHbPpYfoq

— Bloomberg Markets (@markets) January 13, 2024

According to a filing with the Securities and Exchange Commission (SEC), BAM has “over $750 billion of assets under management.”

Among the points not raised by business media?

At about the time the BAM began selling some of their manufactured home communities (MHCs) was during the timeframe that the first of a series of antitrust suits hit the MHC commercial real estate sector. Coincidence? Or did BAM learn of what was coming and their move to exit at least some of their holding represent good planning by BAM?  MHPHOA listed BAM as one of their top 100 land lease MHC operators in the U.S.

TRD said: “But the advantage of owning sites is that owners of mobile homes typically cannot afford to relocate them and so are vulnerable to rent increases. About 90 percent of mobile homes never leave their original location.”

This most recent sale by BAM of manufactured home communities follows in the wake of the most recent suits.

According to a dated listing of MHI members, Brookfield Property Group has been a member of the Arlington, VA based trade organization. Several MHI members have featured prominently in the antitrust suits that have been filed. In response to an inquiry, Copilot said the following in response to another inquiry.

Yes, Brookfield Property Group is part of Brookfield Asset Management. Brookfield Property Group develops and operates real estate investments on behalf of Brookfield Asset Management, which is one of the largest alternative asset managers in the world ¹. Brookfield Properties is a North American subsidiary of Brookfield Property Partners, which itself is a subsidiary of Brookfield Asset Management ².”

Part II – Additional Information with More MHProNews Analysis and Commentary

It is too soon to say if Brookfield Property Group/Brookfield Asset Management is in the early stages of completely exiting the land lease community sector. Notwithstanding the cheerleading by some in the land-lease manufactured home communities’ sector that the antitrust cases are somehow OK to ignore, that ‘all will be well,’ it could be that BAM sees it differently.

TRD indicated that BAM is pivoting away from manufactured home communities. That in itself should send ripples of questions and possible concerns through the sector.  It is also one of several possible reasons for this inquiry to Bing Copilot.

> “Brookfield Asset Management has reportedly sold two segments of its portfolio of manufactured home communities in about 6 months. Has there been any formal remarks by BAM or Brookfield Properties Group that they plan to exit the mobile and manufactured home communities business?”

I can help you with that. According to a report by The Real Deal, Brookfield Asset Management’s property fund recently sold 19 manufactured housing communities for $325 million to an unnamed buyer ¹. The deal allows the fund to return capital to its investors ¹. The report also mentions that Brookfield’s property fund started pivoting away from the sector last summer and sold 23 manufactured housing communities in August 2023 ¹. However, there is no mention of any formal remarks by BAM or Brookfield Properties Group regarding their plans to exit the mobile and manufactured home communities business ¹².”

Perhaps a key line in that is this: “The report also mentions that Brookfield’s property fund started pivoting away from the sector last summer and sold 23 manufactured housing communities in August 2023 ¹.” “Pivoting away” could be construed as either a partial or complete exit by BAM from MHCs. 

If BAM is exiting MHCs all together, and they opted to do so all at once, that might roil MHC valuations for a time. What they have done is apparently measured. It is thus less likely to create turbulence for other MHC operators who are consolidation focused.

It is worth mentioning that per sources, Warren Buffett advised Kevin Clayton to exit the land-lease MHC sector of the industry. For whatever reasons, Clayton Homes did so, which ended up with the formation of Yes! Communities. The ‘rumors’ at the time included that Buffett didn’t want Clayton to be seen as ‘raising the [site] rents on grandma.’ That ought to be explored by public officials who should get to the bottom of various schemes that occurred in manufactured housing in the 21st century following Berkshire Hathaway’s (BRK) entry into the industry.

1. Widely bipartisan legislation, the Manufactured Housing Improvement Act of 2000 (MHIA) and its enhanced preemption clause has effectively been thwarted.
2. The Duty to Serve manufactured housing made law as part of the Housing and Economic Recovery Act (HERA) of 2008 has been diverted to serving the poor market performance of Clayton-backed and MHI trademarked CrossMod^® homes.
3. Development of new MHCs slowed to a trickle in the 21st century. There are reportedly more MHCs closing – typically for redevelopment – than there are new ones opening.

4. Giant Sun Communities (SUI) said that they are pausing development.  Sun is one of the MHCs that has been hit by several antitrust class action lawsuits.  Gary Shiffman made headlines last year due to evidence-based allegations of a scheme that he and some purported co-conspirators were involved in a plan of insurance fraud involving Shiffman’s own mother.  The articles by MHProNews on Shiffman were among the top-read ones for 2023, and yet they were widely ignored by others in MHVille trade media. Why is that so?

5. While it is less than clear what BAM is doing – a partial or complete “pivot” from the MHC sector, it may well spell part of the potential headwinds that MHCs and manufactured housing more broadly are mired in. The self-serving happy talk by people like MHI members Frank Rolfe, Dave Reynolds, and other consolidation focused cheerleaders aside, the blossoming of antitrust suits in the summer and winter of 2023 coupled with other developments may spell more trouble ahead for MHVille. It is past time for more engagement by state and federal officials, who have in some cases already begun probes of the sector.

The following was a search conducted at about 7:30 AM ET on 1.23.2024. The top response was here on MHProNews. When it comes to fluff and agenda-driven spin, you can find that in several places. When it comes to manufactured housing “Industry News, Tips, and Views Pros Can Use”  ^© where “We Provide, You Decide”  ^© there is only one place you can go for “Intelligence for your MHLife.”  ^© You are reading from it. Thanks to all who make our facts, evidence, and common-sense analysis driven reports and analysis possible. You’ve helped make and keep us the runaway #1 in our profession.

> “Scan the internet and see if the Manufactured Housing Institute, or any of the bloggers and trade media that are members of that trade group have reported or commented on the recent sale by Brookfield Asset Management of several of their land lease communities in what the Real Deal described as a “pivot” away from the manufactured home community sector?”

Learn more

1 manufacturedhomepronews.com 2 yardibreeze.com 3 manufacturedhousing.org 4 bing.com 5 bing.com 6 bing.com 7 bing.com 8 bing.com 9 bing.com“

Part III – is our Daily Business News on MHProNews stock market recap which features our business-daily at-a-glance update of over 2 dozen manufactured housing industry stocks.

This segment of the Daily Business News on MHProNews is the recap of yesterday evening’s market report, so that investors can see at glance the type of topics may have influenced other investors. Thus, our format includes our signature left (CNN Business) and right (Newsmax) ‘market moving’ headlines.

The macro market move graphics below provide context and comparisons for those invested in or tracking manufactured housing connected equities. Meaning, you can see ‘at a glance’ how manufactured housing connected firms do compared to other segments of the broader equities market.

In minutes a day readers can get a good sense of significant or major events while keeping up with the trends that are impacting manufactured housing connected investing.

Reminder: several of the graphics on MHProNews can be opened into a larger size. For instance: click the image and follow the prompts in your browser or device to OPEN In a New Window. Then, in several browsers/devices you can click the image and increase the size. Use the ‘x out’ (close window) escape or back key to return.

Headlines from left-of-center CNN Business – from 1.22.2024

• Republican AGs back Texas and Florida social media regulations at US Supreme Court
• Members of the Cal State University (CSU) carry signs as they strike in front of San Francisco State University on January 22, 2024 in San Francisco, California. Tens of thousands of CSU faculty and staff walked off the job today to stage a five day strike at all 23 CSU universities in California. Faculty members are asking for a 12 percent pay increase.
• Thousands of faculty walk off the job at largest university system in US
• Thomas Barkin, president of the Federal Reserve Bank of Richmond, during a Virginia Bankers Association and the Virginia Chamber of Commerce event in Richmond, Virginia, US, on Thursday, Jan. 11, 2024. Barkin last week said the central bank can lower interest rates as the economy normalizes and confidence grows about the downward path of inflation.
• Fed’s Barkin: March rate cut isn’t out of the picture. ‘You make the call when you get to the meeting’
• Prospective buyers attend an open house at a home in San Francisco, California, US, on Saturday, Nov. 4, 2023.
• What broke the American Dream for Millennials
• Larry Summers blasts Harvard over antisemitism: ‘I have lost confidence’
• Chinese stocks are having their worst start to a year since 2016
• The Boeing Co. 737 MAX airplane stands on the production line at the company’s manufacturing facility in Renton, Washington, U.S., on Monday, Dec. 7, 2015. Boeing Co.’s latest 737 airliner is gliding through development with little notice, and that may be the plane’s strongest selling point. The single-aisle 737 family is the company’s largest source of profit, and the planemaker stumbled twice earlier this decade with tardy debuts for its wide-body 787 Dreamliner and 747-8 jumbo jet.
• Boeing faces new safety alert over earlier generation of 737s
• H&M has pulled a school uniform ad after complaints it sexualized children.
• Elon Musk claims X has less antisemitic content than peers, following visit to Auschwitz
• We may not lose our jobs to robots so quickly, MIT study finds
• Kyte Baby under scrutiny for denying mom’s remote work request while newborn was in NICU, CEO walks back ‘terrible decision’
• January’s stock market turnaround could be a good omen for the year
• Macy’s rejects a $5.8 billion unsolicited takeover offer
• ‘A European gaming champion’: FDJ offers to buy online gambling firm Kindred for $2.7 billion
• Sony’s $10 billion India media deal ends in ugly breakup
• China’s largest oil supplier in 2023 was Russia
• Yes, employers can set a mandatory retirement age. What you need to know
• Markets are trying to fight the Fed on rate cuts. It’s not working
• Another Hollywood strike? Musicians union ‘prepared to do whatever it needs’ for AI protections and streaming residuals
• Here’s why it may be harder to find a job online
• Why do we have right-on-red, and is it time to get rid of it?
• Applebee’s is offering a subscription pass for your date nights
• Microsoft says state-sponsored Russian hacking group accessed email accounts of senior leaders

 

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below the graphic below or click the image and follow the prompts.

 

Headlines from right-of-center Newsmax 1.22.2024

• Dakota Gov. Kristi Noem the Odds-On Favorite for Trump VP
• With the GOP primary field down to just former President Donald Trump and Nikki Haley, the betting odds are heating up for who will be the likely vice presidential candidate, and the odds favor South Dakota GOP Gov. Kristi Noem. [Full Story]
• Related Stories
• Trump to Newsmax: VP Must Be Presidential Material
• Mark Halperin to Newsmax: Sen. Katie Britt Sleeper for VP
• Trump to Newsmax: I Won’t Call Nikki to Quit, but She Should
• Trump: ‘Highly Unlikely’ DeSantis Gets Cabinet Post
• Byron Donalds to Newsmax: VP Talk Is ‘Honor, Humbling’
• Blackburn Focused on Trump Win, Not VP
• DeSantis Ends Campaign, Endorses Trump
• Haley: GOP Nominee Race Still Very Early
• New Hampshire Primary
• Judge Judy Courts Haley Fans
• Biden Faces Dean Phillips Threat in N.H.
• Norman: Haley ‘Going Against the Establishment’
• ‘Deep Fake’ Robocall Urges Dems Not to Vote in N.H.
• H. Poll: Trump Pulls 51 Percent, Up 10 on Haley
• C. Rep. Nancy Mace Endorses Trump in GOP Primary
• Former Nevada AG Adam Laxalt Endorses Trump
• House Freedom Caucus Chair Good Endorses Trump
• UNH Poll: DeSantis Backers More Likely for Trump
• Key Questions Ahead of New Hampshire Primary
• Israel at War
• Netanyahu to Hostage Kin: Hamas Hasn’t Made Solid Offer
• IDF: 3 Israeli Soldiers Killed in Southern Gaza
• US Sanctions Iraqi Airline, Hamas Crypto Financiers
• US, Arab States Push Israel to OK Deal on Hostages
• Israeli Foreign Minister Demands EU Help on Hostages
• Palestinian Authority to Accept Funds From Israel Postwar
• Russia Beefs Up Aerial Patrols on Syria-Israel Border
• Saudi Diplomat: Won’t Recognize Israel Without 2-State
• Relatives of Gaza Hostages Storm Israeli Parliament
• Newsmax TV
• Marianne Williamson: Biden Blocking Opposition Shameful
• Mark Halperin: Alabama Sen. Katie Britt Sleeper for VP | video
• Byron Donalds: VP Talk Is ‘Honor, Humbling’ | video
• Donald Trump: VP Must Be Presidential Material | video
• Trump: I Won’t Call Nikki Haley to Quit, but She Should | video
• Karoline Leavitt: ‘Best’ If Haley Steps Out, Backs Trump | video
• Newsfront
• SCOTUS Lets Feds Cut Texas’ Razor Wire at Border
• A divided Supreme Court on Monday allowed Border Patrol agents to cut razor wire that Texas installed on the U.S.-Mexico border, while a lawsuit over the wire continues. The justices, by a 5-4 vote, granted an emergency appeal from the Biden administration, which has been in… [Full Story]
• Wall Street Ticks Higher and Adds to Its Record High
• Wall Street rose again to build on its all-time high reached last [Full Story]
• Trump: ‘Highly Unlikely’ DeSantis Gets Cabinet Post
• Donald Trump said it’s “highly unlikely” that he will select Ron [Full Story]
• Related
• Kristi Noem to Newsmax: Nikki Haley as Trump’s VP Would Be ‘Mistake’ |video
• Trump to Newsmax: VP Must Be Presidential Material |video
• Byron Donalds to Newsmax: VP Talk Is ‘Honor, Humbling’ |video
• Nikki Haley: GOP Nominee Race Still Very Early
• Online Sportsbook Releases Betting Odds on GOP VP Pick
• UAW President Says Union Not Yet Endorsing Biden
• Jean Carroll Trial Against Trump Postponed
• The judge overseeing writer E. Jean Carroll’s latest civil case [Full Story]
• Taiwan: Warplanes, Ships, 6 Chinese Balloons Detected
• Taiwan said Monday that six Chinese balloons either flew over the [Full Story]
• Steve Garvey: GOP Has Chance in Calif. Senate Race
• California’s Republicans hope that former baseball star Steve Garvey [Full Story]
• 2 Missing US Navy SEALs Officially Declared Dead
• The 10-day search to rescue two Navy SEALs lost in the Arabian Sea [Full Story] | video
• Biden, Buttigieg Owe US ‘Answers’ on Plane Issues
• It is unlikely that air travelers were prepared for this kind of [Full Story] | Platinum Article
• Related
• FAA Calls for More Boeing 737 Checks After Bolt Findings
• Kremlin: No Contact With Trump on Ukraine War
• The Kremlin has had no contact with former President Donald Trump on [Full Story] | video
• Related
• Kremlin: Donetsk Attack Shows Kyiv’s ‘Vicious Side’
• Study: War Prompts Shift in Russian Nuclear Thinking
• Russia Beefs Up Aerial Patrols on Syria-Israel Border
• Poland, Ukraine Pledge to End Political Friction
• Judge Hands DA Fani Willis Delay on Subpoena
• A Georgia judge on Monday delayed his decision about whether Fulton [Full Story]
• Musk: Audits Prove Less Antisemitism on X
• Social media company X’s platform has less antisemitic content [Full Story]
• Related
• Musk’s Free Speech Advocacy Under Scrutiny in Europe |Platinum Article
• Musk Visits Auschwitz Amid Antisemitism on X Accusations
• Bernie Sanders Targets ‘Outrageous’ CEO Pay
• U.S. Senator Bernie Sanders and a group of Democratic lawmakers are [Full Story]
• Dexter Scott King, MLK Jr.’s Son, Dies of Cancer at 62
• Dexter Scott King, the younger son of the Rev. Martin Luther King Jr. [Full Story]
• Media Hits DeSantis for Fake Churchill Quote
• Florida Gov. Ron DeSantis ended his presidential bid on Sunday when [Full Story]
• Survey: US Elites Glaringly out of Step With Others
• There’s a glaring gap between the richest Americans’ view of the [Full Story]
• Duchess of York Diagnosed With Malignant Melanoma
• Sarah, the Duchess of York, has been diagnosed with a malignant skin [Full Story]
• California State University Faculty Launches Strike
• Nearly 30,000 professors, librarians, coaches, and other workers at [Full Story]
• Houthis Attack US Military Cargo Ship in Gulf of Aden
• Yemen’s Houthi movement said on Monday its forces had carried out an [Full Story]
• Related
• Iran Foreign Minister to Visit Pakistan After Airstrikes
• Iran ‘Directly Involved’ in Ship Attacks, US Admiral Says
• Daily Mail Poll: Trump Pulls 51 Percent, Up 10 in NH
• Former President Donald Trump has a 10-point lead over his lone [Full Story]
• Police: Notorious Venezuelan Gang Appears in Fla.
• At least one member of an infamous Venezuelan gang was involved in [Full Story]
• Blackburn Focused on Trump Win, Not VP
• Marsha Blackburn, R-Tenn., refused to get involved in discussion [Full Story]
• Tim Scott Announces Engagement
• Tim Scott, R-S.C., on Monday announced his engagement to Mindy [Full Story] | video
• UFC’s Dana White Comes Out Swinging for Free Speech
• Ultimate Fighting Championship President Dana White defended free [Full Story]
• Supreme Court Rejects Hunter Business Partner’s Appeal
• The Supreme Court on Monday rejected an appeal from a former business [Full Story]
• Yellen to Step up Praise for Biden’s Economic Record
• The Biden administration is dispatching U.S. Treasury Secretary Janet [Full Story]
• Trump Gains Momentum on Eve of New Hampshire Primary
• One day before New Hampshire voters begin casting ballots, Donald [Full Story]
• Nancy Mace Backs Trump in GOP Primary
• Donald Trump has picked up another endorsement from Nikki Haley’s [Full Story]
• Campaigning Trump Back on Trial in NYC, Might Testify
• The trial in writer E. Jean Carroll’s latest civil case against [Full Story]
• N.H. Newspaper Endorses Haley
• Ahead of the state’s primary Tuesday, a New Hampshire newspaper on [Full Story]
• Trump Declares End to ‘DeSanctimonious’ Nickname
• Former President Donald Trump declared on Sunday that his [Full Story]
• Poll: DeSantis Backers More Likely to Vote Trump
• A new CNN poll, conducted from Jan. 16 to Jan. 19, finds that [Full Story]
• Finance
• Bernie Sanders Targets ‘Outrageous’ CEO Pay
• U.S. Senator Bernie Sanders and a group of Democratic lawmakers are pushing to raise taxes for companies that pay their chief executives at least 50 times more than their typical worker’s salary, saying the bill was needed to limit corporate greed…. [Full Story]
• Southwest Pilots Get 50% Pay Raise in $12B Contract
• UAW President Says Union Not Yet Endorsing Biden
• Watchdog to Report How Social Media Fuels Bank Runs
• 3 Master Limited Partnerships With 5@+ Yields
• More Finance
• Health
• Study: Weight Loss for Diabetes Has Multiple Benefits
• Those who drop pounds to help control their diabetes receive other substantial health benefits, according to a new study…. [Full Story]
• 3 Science-Backed Steps to Cut Your Depression Risk
• Measles Outbreaks Spreading Across US
• Most Parents Don’t Know About Kids’ Online Gambling
• UK Urges Millions to Get Measles Vaccine During Surge

 

Note: to expand this image below to a larger or full size, see the instructions
below the graphic below or click the image and follow the prompts.

Notice: MHProNews invites the firms named in these reports to respond to any concerns about possibly inaccurate information via email that identifies the concern and offers evidence that sheds a different light on the topic discussed. That said, neither MHI nor MHI publicly traded ‘insider brands’ have done so. They’ve been repeatedly invited to do so, including an outreach on Dec 7, 2o23.

APO = Apolo Global Management – bought Inspire Communities

BAM = Brookfield Asset Management – owns and invests in manufactured home communities (MHCs).

BLK = BlackRock – conglomerate has investments in firms and operations involved in manufactured housing.

BRK-A = Berkshire Hathaway – includes outright ownership of Clayton Homes, 21st Mortgage Corp, Vanderbilt Mortgage and Finance, other manufactured home industry linked firms (MHC brokerage, suppliers, etc.).

BX = Blackstone – Blackstone Group LP has made its first big bet on manufactured housing by buying a portfolio of communities sold by Tricon Capital Group Inc.

CDPYF = Canadian Apartment Properties Real Estate Investment Trust – also has manufactured home communities (MHCs).

CIGI = Colliers International Group Inc. – The Manufactured Housing and RV Group “We Assist Owners and Investors with Disposition, Acquisition, and Financing for Manufactured Housing Communities and RV Parks.”

CG = The Carlyle Group – has manufactured home communities investments.

CSGP = CoStar Group – is commercial real estate’s leading provider of information, analytics and online marketplaces. They acquired listing service Homes.com.

CVCO = Cavco Industries – manufactured home and other factory-built housing production, retail, finance, insurance.

ECNCF = ECN Capital Group – includes manufactured home lender Triad Financial Services.

ELS = Equity LifeStyle Properties – includes land lease manufactured home communities (MHCs), but also RV and marine slips holdings. Also has captive manufactured home retail operations, and parent to Datacomp/MHVillage.

FGF = FG Financial Group – FG Communities “Owns and Operates Growing Portfolio of Manufactured Housing Communities.”KEY = KeyCorp – manufactured home community financing and manufactured home single-family mortgage financing.

KMMPF = Killam Apartment REITs- (includes manufactured home communities (MHCs).

LCII = LCI Industries – components for the manufactured home industry and others (RVs, housing, etc.).

LEGH = Legacy Housing – produces manufactured homes, tiny houses, retail, and captive finance operations.

LPX = Louisiana Pacific Corporation – components for the manufactured home industry and others (housing, etc.).

MHC-UN.TO = Flagship Communities Real Estate Investment Trust (REIT).

MHPC = Manufactured Housing Properties – land lease manufactured home communities (MHCs).

MMI = Marcus and Millichap – commercial real estate brokerage services that include land lease manufactured home communities (MHCs).

NOBH = Nobility Homes – produces and offers captive retail, financing, and insurance services for HUD Code manufactured homes and modular homes.

PATK = Patrick Industries – components for the manufactured home industry and others (RVs, housing, etc.).

SKY = Skyline Champion – produces and offers captive retail, financing, and insurance for HUD Code manufactured homes and modular homes.

SUI = Sun Communities – includes land lease manufactured home communities (MHCs), but also RV and marine slips holdings. Also has captive manufactured home retail operations.

UMH = UMH Properties – includes land lease manufactured home communities and captive manufactured home retail, leasing, and financing operations.

UFPI = UFP Industries – components for the manufactured home industry and others (housing, etc.).

• • • NOTE 1: Chart above of manufactured housing connected equities includes the Canadian stock, ECN, which purchased Triad Financial Services, a manufactured home industry finance lender.
    • NOTE 2: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
    • NOTE 3: Deer Valley was largely taken private, say company insiders in a message to MHProNews on 12.15.2020, but there are still some outstanding shares of the stock from the days when it was a publicly traded firm.  Thus, there is still periodic activity on DVLY.
    • Note 4: some recent or related reports to the REITs, stocks, and other equities named above follow in the reports linked below.
    • Note 5: Gifts of Sight and Insights, What’s in Store for 2024? Including 2023 Year End Reflections, manufactured homes, manufactured housing, mobile homes, MHVille, USA Snapshots, Manufactured housing industry year in review 2023.

 

2023 …Berkshire Hathaway is the parent company to Clayton Homes, 21^st Mortgage, Vanderbilt Mortgage and other factory-built housing industry suppliers.
· LCI Industries, Patrick, UFPI, and LP each are suppliers to the manufactured housing industry, among others.
· AMG, CG, and TAVFX have investments in manufactured housing related businesses. For insights from third-parties and clients about our publisher, click here.

 

2022 was a tough year for many stocks. Unfortunately, that pattern held true for manufactured home industry (MHVille) connected stocks too. See the facts, linked above.

====================================

Disclosure. MHProNews holds no positions in the stocks in this report.

· For expert manufactured housing business development or other manufactured housing professional services, click here.
· To sign up in seconds for our industry leading emailed headline news updates, click here.

• Note 1: MHVille means manufactured housing industry, MHVille also means artificially smaller manufactured housing (MH) industry,
• Note 2: Manufactured housing, building, factories, retail, dealers, manufactured home, communities, passive mobile home park investing, suppliers, brokers, finance, financial services, macro-markets, manufactured housing stocks, Manufactured Home Communities Real Estate Investment Trusts, MHC REITs.
• Note 3:
  

  APO, Apollo Global Management, BAM, Brookfield Asset Management, BLK, BlackRock, BRK-A, Berkshire Hathaway, BX, Blackstone, CDPYF, Canadian Apartment Properties Real Estate Investment Trust, CIGI, Colliers International Group Inc, CG, The Carlyle Group, CSGP, CoStar Group, CVCO, Cavco Industries, ECNCF, ECN Capital Group, ELS, Equity LifeStyle Properties, FGF, FG Financial Group, FG Communities,  KEY, KeyCorp, KMMPF, Killam Apartment REITs, LCII, LCI Industries, LEGH, Legacy Housing, LPX, Louisiana Pacific Corporation, MHC-UN.TO, Flagship Communities Real Estate Investment Trust (REIT), MHPC, Manufactured Housing Properties, MMI, Marcus and Millichap, NOBH, Nobility Homes, PATK, Patrick Industries, SKY, Skyline Champion, SUI, Sun Communities, UMH, UMH Properties, UFPI, UFP Industries.

That’s a wrap on this installment of “News Through the Lens of Manufactured Homes and Factory-Built Housing” © where “We Provide, You Decide.” © (Affordable housing, manufactured homes, stock, investing, data, metrics, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) (See Related Reports linked herein. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)

By L.A. “Tony” Kovach – for MHProNews.
Tony earned a journalism scholarship along with numerous awards in history. There have been several awards, honors and numerous public recognitions for his achievements in manufactured housing. For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. Kovach is a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com, which is ranked as the runaway most read trade media in modern manufactured housing history. This article reflects the LLC’s and/or the writer’s editorial views and may or may not reflect the views of sponsors or supporters.