Newmark Group, Inc., a commercial real estate advisor and service provider to large institutional investors, global corporations and other owners and occupiers, announced the company has 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.
Newmark Co-President, Global Debt and 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 benefiting from sustained population growth and limited new development, supporting continued rent growth and stable performance. 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.
