Manufactured Housing REITs: Not Enough Homes, So Onto Boats

REIT Rankings: Manufactured Housing

manufactured housing reits

(Hoya Capital Real Estate, Co-produced with Brad Thomas)

Manufactured Housing REIT Overview

Manufactured Housing REITs (“MH REITs”) have proven to be immune from coronavirus-related headwinds that have slammed much of the real estate sector, collecting nearly 100% of rents, while also boosting dividends this year. Within the Hoya Capital Manufactured Housing REIT Index, we track the three MH REITs, which account for roughly $25 billion in market value: Equity LifeStyle Properties (ELS), Sun Communities (SUI), and UMH Properties (UMH). In addition to MH communities, these REITs also manage transient, seasonal, and membership-based RV parks and boat marina, which account for roughly 30-40% of the REITs’ portfolio.

mobile home REITs

While not included in the REIT indexes, it should be noted that Cavco Industries (CVCO) and Skyline Champion Corp. (SKY) are the largest publicly traded builders of manufactured homes, while Winnebago Industries (WGO), Thor Industries (THO), and Camping World Holdings

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Iowa Manufactured Homes Stand Up to ‘Inland Hurricane’ | Nation & World

DES MOINES and CEDAR RAPIDS, Iowa, Sept. 29, 2020 (SEND2PRESS NEWSWIRE) — One thing Iowans are familiar with is wild weather, says the Iowa Manufactured Homes Association (IMHA). Positioned in the heart of the Midwest, Iowa’s weather ranges from extreme cold and snow to temperatures in the triple digits. And let’s not forget tornadoes. Iowans see virtually everything mother nature can throw, but on August 10, 2020, the state was in for a record-setting weather incident.

What has been compared to an “Inland Hurricane,” a ferocious storm called a derecho swept across the state with winds equal to a Category 2 hurricane, taking down 100-year-old oak trees, stripping homes of roofs, destroying business complexes and more. But through it all, Iowa’s manufactured homes, generally perceived an easy target for wind and storm damage, stood up to the derecho.

“We’re blessed to say the least,” said Troy Hames, General Manager and

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