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Benchmarks · Real Estate Equity

Manufactured Housing & Mobile Home Parks

Mobile home park and manufactured housing community funds. Cap-rate compression in the 2010s drove a wave of new funds; structures lean heavily on operating-company economics alongside real-estate ownership.

VintageAll years2020+2015–20192010–2014Pre-2010Showing 3 funds in this cohort
Sample3 funds3 with composite· 2015–2019Below 25-fund threshold — read with caution

Score · median across 3 scored funds

Composite
55
Absolute LP Take
85
GP Timing Risk
32
Pref Quality
72
Fee Drag
8
Alignment
28

Structural design — median

Pref rate
median
8.0%
n
3
Hurdle rate
median
n
0
LP residual split
median
50.0%
n
2
GP residual split
median
50.0%
n
2
Catch-up rate
median
n
0
GP commit
Undisclosed treated as 0% per platform policy.
median
0.0%
n
3

Feature prevalence — % of funds where present

Pref cumulative
100%
Pref compounding
0%
Has catch-up
0%
Has clawback
50%
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