MHI Announces Largest 50 Manufactured Home Community Owner and Operators
LAS VEGAS (May 2, 2017) — The Manufactured Housing Institute’s (MHI) National Communities Council (NCC) released its list of the 50 largest manufactured home community owners and operators in the United States. Sun Communities of Southfield, Mich., took the top spot with 80,166 home sites under management, followed by Equity LifeStyle Properties of Chicago with 72,600 home sites, RHP Properties of Detroit with 58,264 sites, YES! Communities of Denver with 44,680 sites and Brookfield Asset Management of Toronto with 33,101 sites.
In its third year, this list is released as a highlight of the NCC Spring Forum, a daylong seminar focusing on manufactured home community owners and operators. The event is held in conjunction with MHI’s annual Congress and Expo for Manufactured and Modular Housing in Las Vegas.
These 50 organizations have a total of 713,169 home sites with portfolios ranging in size from more than 80,000 sites to just under 4,000.
“While the large operators continue to grow, we are also seeing growth through acquisition across all sizes of portfolios,” said Jenny Hodge, VP of Research and Market Analysis for MHI. “These owners take pride in their professionally-managed communities. Some communities have resort-style amenities and others are more standard with a community center and playground.”
Other interesting facts are that 29 of the 50 companies are MHI members, 14 are headquartered in Calif., eight are in the greater metro Detroit area, seven are in lll., four are in Colo., two are in Fla., and most of the owner/operators have communities in more than one state.
The list was compiled using propriety MHI member information, data provided by companies on the list, as well as readily available public data. This list may be adjusted during the year.
Manufactured Home Community Facts:
- There are about 38,000 manufactured home communities in the U.S. and about 4.2 million homes sites in these communities across the country.
- Manufactured home communities are often called land-lease communities.
- Benefits of living in a community includes:
- parking the car by your home
- a yard and outdoor space
- no shared walls, ceilings or floors
- in many communities, there are social or activity clubs, fitness amenities, and a sense of community among residents.
MHI is the only national trade organization representing all segments of the factory-built housing industry. MHI members include home builders, lenders, home retailers, community owners and managers, suppliers and more than 50-affiliated state organizations. Visit us on Twitter @MHIUpdate and on Facebook.