In its first California investment, RHP Properties buys the 421-site manufactured home community in El Monte because of L.A's affordable housing crisis.

A three-property portfolio and a separate distribution facility near the DFW Airport, along with a manufacturing and distribution asset located in South Dallas, recently sold to Western-focused buyers.

The Urban Institute's HARI measure shows that San Francisco, Seattle and Washington DC, are more affordable for local renters than other measures indicate.