Blackstone enters MHC Space


#1

I don’t recall seeing a post on this so hope its not a duplicate but for anyone that missed Blackstone’s entry to MHC.

https://www.bloomberg.com/news/articles/2018-07-26/blackstone-is-said-to-make-first-bet-on-manufactured-housing


#2

@Marvel_Equity , thank you for sharing!

I thought the following from the article was also interesting:

  • “…Singapore’s sovereign wealth fund GIC Pte. in 2016 was part of a group that acquired a majority stake in YES! Communities.”

  • “…Equity LifeStyle Properties Inc. and Sun Communities, two REITs with sizable exposure to manufactured housing, have both outperformed the Bloomberg U.S. REITs Index over the past 12 months.”