Blackstone Bets on Manufactured Housing Market with Purchase of 14 Communities

Once an overlooked sector in the housing market, manufactured or “mobile” home REITs have become one of Wall Street’s quietest moneymakers.

These communities, often referred to as trailer parks, have evolved beyond the negative stigma that plagued them in the past, with many resembling high-end gated neighborhoods today. The manufactured-home market is benefiting from high demand from residents in search of more affordable workforce housing options. 

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