LAS VEGAS, April 24, 2018 (GLOBE NEWSWIRE) -- The Manufactured Housing Institute's (MHI) National Communities Council (NCC) released its list of the 50 largest manufactured home community owners and operators in the United States. Sun Communities of Southfield, Michigan, took the top spot with 83,294 home sites under management, followed by Equity LifeStyle Properties of Chicago with 73,700 home sites, RHP Properties of Farmington Hills, Michigan, with 60,163 sites, YES! Communities of Denver with 47,278 sites and MHP Funds of Cedaredge, Colorado, with 31,652 sites.
These 50 organizations have a total of more than 693,000 home sites with portfolios ranging in size from more than 80,000 sites to just under 3,000. Thirty-two of the 50 companies are MHI members and most of the owner/operators have communities in more than one state.
“With the tens of thousands of communities, we are trying to responsibly identify with this list who the up and coming operators are as we see signs of continued consolidation as the industry evolves into a more mature phase,” said Jenny Hodge, Vice President of Research and Market Analysis for MHI.
Hodge added, “We are seeing more interest in manufactured housing from large institutional investors and smaller independent developers as well as individuals who want to live in high-quality affordable housing.”
In its fourth year, this list is a highlight of the NCC Spring Forum, an educational seminar focusing on manufactured home community owners and operators. This event is in conjunction with MHI’s annual Congress and Expo for Manufactured and Modular Housing held in Las Vegas.
The list was compiled using propriety MHI member information, data provided by companies on the list, and other public data. This list may be adjusted during the year.
There are about 38,000 manufactured home communities in the U.S. and about 4.2 million homes sites in these communities across the country.
View the Largest 50 Community Owners and Operators lists for 2018, 2017, 2016 and 2015.
MHI is the only national trade organization representing all segments of the factory-built housing industry. MHI members include home builders, lenders, home retailers, community owners and managers, suppliers and affiliated state organizations. Visit MHI on Twitter @MHIUpdate and on Facebook.