Mobile Home Parks

Dean Sai Enterprises, LLC is a private real estate investment firm focused on mobile home park investing (manufactured housing communities) in select markets throughout the U.S.  We seek to deliver our investors superior cash flow returns by acquiring undervalued or underperforming mobile home park investments and implementing aggressive value-add asset management. 

Demand for quality affordable housing often outstrips supply of mobile home park properties.  Affordable housing is in high demand by young families, middle-aged people in transition, and seniors on a fixed income.  Approximately 26% of American households earn $25,000 per year or less (1), which allows for roughly $500 per month in total housing costs.

The average apartment rent is over $1,000 per month and is smaller than a typical mobile home. The mobile home parks we purchase offer tenants a superior combination of quality and price than comparably-priced site-built homes or apartments in that area and provide families with a sense of community. 

While demand for quality, affordable housing increases, the supply of mobile home parks is diminishing.  It is estimated that approximately 1% of mobile home parks are redeveloped every year into higher and better uses.  Furthermore, we do not expect any new park developments adding to supply as use restrictions and local economic environments have made it difficult to acquire appropriate zoning for new parks, thereby eliminating new competition for current mobile home park investments.

From an accounting perspective, the majority of a mobile home park's value is comprised of land improvements (roads and utility lines), which can be depreciated at an accelerated schedule.  Mobile home park depreciation schedules typically average 15 years compared to apartments of 27.5 years and commercial properties of 39 years.  This unique tax feature often translates to tax free operating cash flows to the mobile home park investment owner.