MHI Announces Nation’s Largest 50 Manufactured Home Community Owner/Operators
The Manufactured Housing Institute’s National Communities Council (MHI NCC) released its list of the 50 largest manufactured home community owners and operators in the United States. The top 5 are:
- Sun Communities of Southfield, Michigan, with 83,294 home sites under management.
- Equity Lifestyle Properties of Chicago, Illinois with 73,700 home sites.
- RHP Properties of Farmington Hills, Michigan with 60,163 sites.
- YES! Communities of Denver, Colorado with 47,278 sites.
- MHP Funds of Cedaredge, Colorado with 31,652 sites.
Top 50 Organizations Have Over 693,000 Manufactured Home Sites
These 50 organizations have a total of more than 693,00 home sites with portfolios ranging in size from more than 80,000 sites to just under 3000. Thirty-two of the 50 companies are MHI members, and most of the owner/operators have communities in more than one state.
“With tens of thousands of communities, we are trying to responsibly identify with the list who the up and coming operators are as we see signs of continued consolidation as the industry evolves into a more mature phase,” said Jenny Hodge, Vice President of Research and Market Analysis for MHI.
Hodge added, “we are seeing more interest in manufactured housing from large institutional investors and smaller independent developers as well as individuals who want to live in high-quality affordable housing.”
In its fourth year, this list is a highlight of the NCC Spring Forum, an educational seminar focusing on manufactured home community owners and operators. This event is in conjunction with the MHI’s annual Congress & Expo for Manufactured and Modular Housing held in Las Vegas.
U.S. Home To Thousands of Manufactured Home Communities, Millions of Home Sites Nationwide
This list was compiled using propriety MHI member information, data provided by companies on the list, and other public data. This list may be adjusted during the year.
There are about 38,000 manufactured home communities in the U.S. and about 4.2 million homes sites in the communities across the country.
You can check out MHI’s list of the Largest 50 Community Owners and Operators for 2018, 2017, 2016 and 2015 at their website.
MHI is the only national trade organization representing all segments of the factory-built housing industry. MHI members members include manufactured home builders, lenders, retailers, community owners and managers, suppliers, and affiliated state organizations. Visit MHI on Twitter @MHIUPdate and on Facebook.
Source: Manufactured Housing Institute