There has been a recent shift of attention in the real estate market as to the types of investments which make the strongest returns.
In the past, it’s always been a combination of good design, prime location and strong architecture that were the elements of blue-chip properties. They still are, and there will always be a market and demand for these sorts of properties.
However, a change of attention away from these blue-chip real estate investments has been well-reported in the market. Blackstone acquired 14 manufactured housing, or trailer park, communities for $172 million in 2018. Apollo Global Management made a similar move when they acquired a majority stake of Inspire Communities, while the Carlyle Group owns several thousand of these types of housing lots….