Blackstone Group Reportedly Enters Manufactured Housing Realm

Jul 27, 2018

One of the world’s most influential private equity firms is eyeballing the financial potential of manufactured housing.

According to a Bloomberg report citing unnamed “people with knowledge of the matter,” Blackstone Group LP has purchased a portfolio of 14 manufactured housing communities sold by Tricon Capital Group Inc. for approximately $172 million. Neither Blackstone nor Triton have publicly announced the transaction and both companies declined to comment on the Bloomberg report.

Blackstone’s reported foray into manufacturing housing communities represents the latest by a major institutional investor in this housing sector. Other firms that have been active in this sector include Singapore’s sovereign wealth fund GIC Pte., Centerbridge Partners LP, Apollo Global Management LLC and Carlyle Group LP.

About the author

Phil Hall

Link copied

Published

Jul 27, 2018

Analysis and Data

Homeownership Slips Further Away For Californians

Only 18% of Californians could afford a median-priced home in 2024, with affordability gaps persisting across ethnic groups

Buying a home in California became even harder across all ethnic groups last year, as surging mortgage costs pushed affordability further out of reach, according to the California Association of Realtors (C.A.R.). Only 18% of Californians earned enough to purchase the sta...

Analysis and Data

Mr. Cooper Shrinks Originations But Strengthens Borrower Retention Ahead Of Rocket Merger

Loan production fell 10% in Q1, but purchase share climbed and borrower recapture hit 51% amid broader strategic realignment

Mr. Cooper Group reported first-quarter 2025 results that reflect a mixed environment for mortgage production and servicing, as the company emphasized operational stability and strategic expansion despite a slowdown in origination volume. Loan Production Mr. Cooper fun...