Institutional investors are flocking to manufactured housing assets as deal activity in the niche sector picks up speed.
While private buyers have historically dominated the sector, institutional players are picking up steam, accounting for 23% of volume in the past two years, according to new data from Real Capital Analytics. That's a sizeable increase from the 13% average posted from 2017 to 2019. And four of the top 10 buyers of manufactured housing over the past two years are institutional investors.
"These players secured their ranking by acquiring their manufactured housing assets in bulk: on average, 83% of their total acquisition activity involved portfolios," says RCA's Haley Crimmins.
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