Latest / The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
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…
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