{"id":1004480686,"date":"2020-10-01T16:02:18","date_gmt":"2020-10-02T00:02:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004480686"},"modified":"2020-10-02T12:49:10","modified_gmt":"2020-10-02T20:49:10","slug":"mobile-homes-move-into-investors-sights","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/mobile-homes-move-into-investors-sights\/","title":{"rendered":"Mobile Homes Move Into Investors\u2019 Sights"},"content":{"rendered":"<p>Manufactured housing has outperformed most other commercial real estate sectors during the downturn, underscoring the <a href=\"https:\/\/www.commercialsearch.com\/news\/why-manufactured-housing-is-the-new-affordable-housing\/\">growing demand<\/a> for affordable homes in a time of economic turmoil. Stabilized occupancy in the nation\u2019s manufactured housing communities remained near an all-time high at 94.5 percent in the second quarter, according to a market report by JLL, while the price per pad grew 6.6 percent from the first quarter of 2020.<\/p>\n<p><a style=\"display: inline-block; padding: 5px 24px; border: 0; border-radius: 6px; font-weight: bold; letter-spacing: 0.0625em; text-transform: uppercase; background: #960505; color: #ffffff; text-decoration: none;\" href=\"https:\/\/mydigitalpublication.com\/publication\/?i=675845&amp;ver=html5\" target=\"_blank\" rel=\"noopener\">READ THE DIGEST<\/a><\/p>\n<p>New Jersey-based UMH Properties, a real estate investment trust that owns and operates a portfolio of 123 manufactured home communities, is among the industry players that have thrived in recent months. The company reported in its second-quarter earnings call that rent collections were in line with pre-pandemic levels, at 98 percent during the quarter and 95 percent for the month of July.<\/p>\n<div id=\"attachment_1004480692\" style=\"width: 1010px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/Manufactured-Housing_myMHcommunity.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004480692\" data-attachment-id=\"1004480692\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/mobile-homes-move-into-investors-sights\/mymhcommunity-manufactured-home\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/Manufactured-Housing_myMHcommunity.jpg\" data-orig-size=\"1000,750\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;myMHcommunity.com&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;myMHcommunity.com offers listings in more than 200 manufactured home communities and provides digital access to a database of nearly 1,000 available manufactured homes across the country. With a wide range of locations, prices, sizes, floor plans and features, myMHcommunity is sure to offer the right home for you. (PRNewsfoto\/myMHcommunity.com)&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;This image must be used within the context of the news release it accompanied. Request permission from issuer for other uses.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;myMHcommunity Manufactured Home&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"myMHcommunity Manufactured Home\" data-image-description=\"&lt;p&gt;A shortage of affordable housing in the U.S. has buoyed demand for manufactured housing communities, which comprise about 9 percent of new single-family construction starts, according to data from the National Low-Income Housing Coalition. Image courtesy of myMHcommunity.com&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;A shortage of affordable housing in the U.S. has buoyed demand for manufactured housing communities, which comprise about 9 percent of new single-family construction starts, according to data from the National Low-Income Housing Coalition. Image courtesy of myMHcommunity.com&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/Manufactured-Housing_myMHcommunity.jpg?w=1000\" class=\"size-full wp-image-1004480692\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/Manufactured-Housing_myMHcommunity.jpg\" alt=\"A shortage of affordable housing in the U.S. has buoyed demand for manufactured housing communities, which comprise about 9 percent of new single-family construction starts, according to data from the National Low-Income Housing Coalition. Image courtesy of myMHcommunity.com\" width=\"1000\" height=\"750\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/Manufactured-Housing_myMHcommunity.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/Manufactured-Housing_myMHcommunity.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/Manufactured-Housing_myMHcommunity.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><p id=\"caption-attachment-1004480692\" class=\"wp-caption-text\">A shortage of affordable housing in the U.S. has buoyed demand for manufactured housing communities, which comprise about 9 percent of new single-family construction starts, according to data from the National Low-Income Housing Coalition. <em>Image courtesy of myMHcommunity.com<\/em><\/p><\/div>\n<p>Same-property occupancy rates rose 250 basis points to 85.8 percent year-over-year, UMH added, translating to an increase of 500 revenue-producing sites.<\/p>\n<p>\u201cThe migration of the population <a href=\"https:\/\/www.multihousingnews.com\/post\/multifamily-roundtable-fewer-deals-but-little-distress\/\" target=\"_blank\" rel=\"noopener\">away from cities and out of apartments<\/a> is further increasing demand at our locations,\u201d said Samuel Landy, the REIT\u2019s president &amp; CEO.<\/p>\n<p>Investors are interested in the niche asset class and they continue to consolidate ownership. Transaction volume in the market hit $821 million during the second quarter, jumping 23 percent compared to the first three months of the year, even as deals tumbled across other property sectors, JLL reported. Institutional capital represented 28 percent of investment volume year-to-date, the highest percentage yet. Blackstone kicked off third-quarter activity by announcing its intention to buy a $550 million (40 parks) portfolio from Summit Communities.<\/p>\n<p>\u201cThese owners have largely driven year-over-year occupancy gains through investments into new and used inventory to support manufactured home sales and rental programs,\u201d Landy noted. \u201cAdditionally, with many residents having an equity interest in their home, the stability and growth of homesite rents have generated attractive returns for investors.\u201d<\/p>\n<hr>\n<p><em>Sector Insights rotates among office\/medical office, industrial, retail, multifamily, self storage&nbsp;and hotel\/hospitality.<\/em><\/p>\n<p><a href=\"https:\/\/mydigitalpublication.com\/publication\/?i=675845&amp;ver=html5\"><em>Read the October 2020 issue of CPE.<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Total investment in the manufactured housing sector surged 23 percent in the second quarter.<\/p>\n","protected":false},"author":744,"featured_media":1004480692,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1521,21742],"tags":[32796,33129,49891],"class_list":["post-1004480686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital","category-latest","tag-jll","tag-the-blackstone-group","tag-umh-properties"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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