How Private Equity Is Buying Up Mobile Home Parks

In Episode 92, Lucas and Luna examine private equity's growing interest in manufactured housing communities — the 22,000 mobile home parks across the US where 22 million people live. They break down the business model: land ownership as a real estate play with a built-in rent escalation mechanism, low maintenance costs compared to traditional apartments, and a tenant base with limited mobility because moving a mobile home can cost $5,000 to $10,000. They focus on the case of Havenpark Communities, which acquired over 60 parks from 2018 to 2022, and the regulatory pushback that followed, including Utah's 2020 bill restricting rent increases on park-owned land. The episode explores the tension between stable cash flows and the social impact of concentrating ownership of affordable housing. #PrivateEquity #MobileHomeParks #ManufacturedHousing #HavenparkCommunities #RealEstateInvesting #AffordableHousing #RentRegulation #Utah #LandLease #CashFlow #BusinessModel #HousingCrisis #RollUp #PropertyOwnership #TenantRights #Business #Finance #FexingoBusiness Keep every episode free: buymeacoffee.com/fexingo