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ARA Newmark’s Manufactured Housing Group. Left to right: Todd Fletcher, Andrew Shih, Jon Shay

WASHINGTON, DC–The phone rings a lot for the Austin, Texas-based ARA Newmark’s Manufactured Housing Group. There are buyers seeking deals, of course — out of all the commercial real asset classes manufactured housing probably has the most appealing ratio of high demand versus limited supply. Sometimes — increasingly — the phone rings and there is a special servicer on the other end seeking to vet a particular loan on behalf of an investor.

While the former might have been routine for the group a few years ago — the group recently earned National Multifamily Housing Council’s Broker of the Year award for the fifth year in a row — the latter not so much.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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