Q3 2025 Manufactured Housing Report
REITs are posting strong numbers. Rents are up. Occupancy is tight. Investor appetite is steady, but disciplined. š Whatās happening: ā ELS pushing 5.1% rent hikes for 2026 ā Sun Communities hitting 98% occupancy and $457M in new acquisitions ā UMH expanding aggressively with 321 new sites and double-digit NOI growth ā Financing is available, but only for the best: 5.25ā5.75% rates, ~65% LTV Even with home sales cooling, the big players are leaning into infill, operational gains, and long-term demand. The playbook is clear: buy scale, push rents, control costs. š§ If youāre not watching how the REITs are moving, youāre missing the