RHP Properties JV Lands $830M for Manufactured Housing Portfolio
The collateral consists of a 36-asset collection.
A joint venture between RHP Properties and an institutional capital partner has secured an $830 million acquisition and refinancing loan for a 36-asset manufactured housing portfolio. Wells Fargo issued the note in a deal arranged by Newmark.
The collection comprises 8,340 manufactured housing pads with residential ownership exceeding 95 percent and occupancy above 99 percent. The properties are in supply-constrained markets characterized by strong population growth and scarcity of new development, factors which support continued rent growth and stable performance.
Newmark Co-President Jordan Roeschlaub and Vice Chairman Nick Scribani, together with Managing Director Chris Lozinak and Senior Associate Samuel Speciale, secured the financing.
READ ALSO: Manufactured Housing Trends
RHP Properties’ portfolio as of April included some 80,580 sites across 31 states, valued at more than $10 billion. One of the firm’s holdings is Pecan Plantation, a 226-homesite manufactured housing asset in La Porte, Texas, that RHP acquired in 2025.
The year before, RHP was one of the companies involved in the purchase of a 80-asset manufactured housing collection from Brookfield. Those properties changed hands for a combined $1.6 billion.
Manufactured housing captures institutional attention
Against the backdrop of favorable policy shifts—such as the 21st Century ROAD to Housing Act not affecting manufactured housing, as opposed to single-family rental properties—the sector continues to attract institutional investment, according to a Marcus & Millichap report.
Institutional and private equity entities made up half of the transaction volume in 2025, the report shows. That percentage was significantly higher than the ones recorded in 2021 and 2022, when private investors accounted for more than 70 percent of total commitments across the sector.
