Sign up to get updates from us
Unlike most Real Estate asset classes, the Mobile Home Park industry will not see high levels of distress caused by aggressive, short-term floating rate debt. Lenders of Mobile Home Parks are typically more conservative, and operators are not facing the same level of occupancy and expense challenges of other asset classes. Mobile Home Parks aren’t pretty, but they still consistently cash flow better than many other assets that are traditionally more sought after. Mario Dattilo, CEO of Celebrate Communities, is buying Mobile Home Park communities in Florida, where he resides, plus Atlanta, Dallas, Minneapolis and Pittsburgh. Mario also publishes a lot of educational content for new Mobile Home Park investors. Mario targets a 10% cap rate upon stabilization by year two and IRRs in the high teens.
