National CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
RHP Obtains $830M Acquisition Financing for 36-Asset Manufactured Housing Portfolio
Newmark Group, Inc. arranged an $830-million portfolio financing on behalf of RHP Properties and an institutional capital partner for the acquisition and refinance of a 36-asset manufactured housing portfolio. Co-president, Global Debt & Structured Finance Jordan Roeschlaub, vice chairman Nick Scribani, managing director Chris Lozinak and senior associate Samuel Speciale secured the financing, which was provided by Wells Fargo.
The portfolio is institutionally managed and consists of 8,340 manufactured housing pads across 36 predominantly four- to five-star, all-age communities with residential ownership exceeding 95% and physical occupancy above 99%.
The portfolio is concentrated in supply-constrained markets that benefit from sustained population growth and limited new development, supporting continued rent growth and stable performance. Newmark said that manufactured housing remains one of the most resilient asset classes, underpinned by durable cash flows, high barriers to entry and consistent demand driven by long-term affordability trends.
- ◦Sale/Acquisition
- ◦Financing
