The market for manufactured homes is strong from both homebuyers and investors. In fact, investors are actively chasing manufactured home deals at record rates.

"The appetite for MHC's from investors and debt providers has never been stronger, with no shortage of capital in the market for virtually any MHC transaction profile from core to value-add. We're even starting to see a trend of new developments coming online in markets around the country," Zach Koucos, managing director at JLL Capital Markets, tells GlobeSt.com. "We've seen continued growth in demand for MHC's nationwide, both in resident demand as well as from a capital markets perspective."

The surge of capital is responding to record demand in this asset class. Unaffordable homeownership has pushed homebuyers into the manufactured homes market. As Koucos said, the trend is happening in many markets, but it is most pronounced in coastal markets. "Certainly the demand is amplified in coastal markets and major metropolitan areas, particularly on the part of investors and capital providers. Retirees and second homebuyers want to be in warm weather or coastal locations, with amenities such as a clubhouse, pool, fitness center, tennis courts, golf, and outdoor recreational space," he says.