- Despite strong operating trends, shares of the leading mobile home parks declined in 2020 and now trade at reasonable valuations.
- Mobile home parks have very favorable characteristics for long-term, conservative investors including: limited new supply, strong demand, and low capital expenditure needs.
- Over the past 20 years, the leading mobile home parks have produced 4.5% annual same store Net Operating Income growth and even saw growth during economic downturns.
- With rents repricing annually, mobile home parks offer inflation protection. Balance sheets are clean and have little debt.
- While shares are not cheap, investors can reasonably expect 8-10% annualized total returns which is attractive given the very low risk profile (and in a 0% interest rate environment).
For further details see:
Equity LifeStyle Properties: The Best Real Estate Business