RV Parks & Manufactured Housing
RV parks, campgrounds, and manufactured home communities
What PE Ownership Means for This Industry
40-80% rent increases
Corporate landlords are pricing seniors out of manufactured housing
PE firms and REITs are acquiring manufactured home parks and raising lot rents 40-80%, exploiting residents who own their homes but rent the land — making it nearly impossible to relocate.
Source: NYT, MHAction, 2024 →
22 million residents affected
22 million Americans live in manufactured housing, increasingly at the mercy of PE
Manufactured housing is the largest source of unsubsidized affordable housing in the US. As PE firms buy up parks, this affordable housing stock is being converted to a profit extraction vehicle.
Source: Consumer Financial Protection Bureau, 2024
PE-Owned Brands
Encore RV Resorts (Carefree)
Owned by Equity LifeStyle Properties (ELS)
ELS subsidiary network of RV and manufactured home parks
10 locations tracked
Equity LifeStyle Properties (ELS)
Owned by Equity LifeStyle Properties (ELS)
Owns 440+ RV resorts and manufactured home communities across 35 states. Founded by Sam Zell
4 locations tracked
Hometown America
Owns manufactured home communities across 18 states. Calpers pension fund-backed
9 locations tracked
Lakeshore Communities (Brookfield)
Brookfield Asset Management-backed manufactured home communities
6 locations tracked
RHP Properties
Privately held owner of 370+ manufactured home communities with 70,000+ home sites
9 locations tracked
Sun Communities RV Resorts
Owned by Sun Communities
Owns 670+ communities including manufactured home and RV parks. Residents report 40-80% rent increases post-acquisition
7 locations tracked