There are several mobile home park operators in the United States, but here are some of the largest ones and their competitive advantages:
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Operators
- Sun Communities: Sun Communities is the largest mobile home park operator in the United States, with over 500 properties across the country. Their competitive advantage lies in their scale and diversification, as they have properties in 38 states and offer a range of amenities and services to residents (think fitness centers, swimmer pools, and comfort services). You will find RV parks and marinas in their portfolio as well.
- You might have guessed it, but this MHP operator is setup as a Real Estate Investment Trust (REIT) so they must payout their investors at least 90% of any profits to maintain that tax-advantaged status.
- Strong management team: Sun Communities has a talented and experienced management team that has a deep understanding of the industry and a track record of delivering strong results. The company has a culture of innovation and continuous improvement, which helps to drive growth and improve efficiency.
- Equity Lifestyle Properties: Equity Lifestyle Properties is another large mobile home park operator, with over 400 properties in 33 states. Their competitive advantage lies in their focus on high-end, resort-style properties, which appeal to retirees and other affluent residents.
- RHP Properties: RHP Properties is a privately-owned mobile home park operator, with over 250 properties in 28 states. Their competitive advantage lies in their focus on acquiring and improving existing properties, which allows them to provide affordable housing options while maintaining high-quality facilities. This value-add real estate strategy can be powerful if implemented properly.
- UMH Properties: UMH Properties is a mobile home park operator with over 130 properties in 8 states. Their competitive advantage lies in their vertically-integrated business model, which allows them to manage all aspects of the property, from development and construction to property management and maintenance.
Overall, these mobile home park operators have competitive advantages that include economies of scale, a focus on high-end properties, a commitment to improving existing properties, and a vertically-integrated business model. These advantages allow them to provide affordable housing options while maintaining high-quality facilities and amenities.
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Article found in Real Estate.
