Investment Strategy
Why Manufactured Housing?
The growing need for lower-cost homes includes manufactured housing options. The reduced entry cost to buy a manufactured home continues to provide a more affordable path to homeownership. The recent decline in interest rates should afford more people to be able to purchase a manufactured home while rates remain low. Need for lower-cost homeownership options drops the vacancy rate. The shortage of affordable homes for many workers is bolstering demand for the lower-cost housing options available in many parks throughout the nation.
Why Southeast United States?
The Southeast is seeing a significant increase in population as people are moving out of New York and California and relocating in Raleigh, Charlotte, and Atlanta. Companies are relocating to find less expensive real estate with bigger technology companies coming to the research triangle causing an uptick in the multi-family sector which also compresses cap rates.