Manufactured Housing Properties Inc., a leading owner and operator of manufactured housing communities, today announced the launch of its Series G cumulative redeemable preferred stock offering that seeks to raise $100 million in equity from accredited investors via financial advisors at independent broker-dealers and registered investment advisory firms.
A minimum investment of $25,000 is required from participating accredited investors. Arete Wealth Management, LLC serves as the managing broker-dealer for the Regulation D, 506(c) offering. Manufactured Housing Properties intends to use the net proceeds from the offering for the acquisition, development, and capital improvement of manufactured housing and recreational vehicle communities, as well as general working capital purposes.
“Manufactured Housing Institute data shows the fundamentals driving manufactured housing remain compelling,” said MHP Chairman and CEO Ray Gee. “Affordability pressures are intensifying, supply is constrained, and resident satisfaction is high. The Series G offering will follow the same disciplined approach used to support MHP’s portfolio growth and the successful redemption of our Series B, C, and D preferred shareholders in full.”
The Manufactured Housing Institute reports that, as of December 2024, there are approximately 8.2 million homes in the United States, where roughly 20.6 million people reside. The institute also reports that 85% of residents are satisfied with their homes. Manufactured homes have an average cost of $123,300, compared to $405,939 for site-built homes. Manufactured homes ranked among the top-performing real estate property sectors from 2010–2024, according to Nareit.
About Manufactured Housing Properties Inc.
Manufactured Housing Properties Inc. (“MHP”), together with its affiliates, acquires, owns, and operates manufactured housing communities in North Carolina, South Carolina, Georgia, Tennessee, and Texas. The company focuses on acquiring and operating manufactured housing communities in high-growth markets and continues to seek opportunities to expand its portfolio, primarily in the Sun Belt. MHP currently owns and operates 57 communities comprising more than 3,000 home sites.
Regulation D Offering
The Series G Cumulative Redeemable Preferred Stock is being offered solely to accredited investors pursuant to Rule 506(c) of Regulation D under the Securities Act of 1933, as amended. All investors must qualify as accredited investors and be verified as such prior to investment. The securities being offered have not been registered under the Securities Act of 1933, as amended, or any state securities laws and are being offered in reliance on the exemption from registration provided by Rule 506(c) of Regulation D. The offering is being made pursuant to a Private Placement Memorandum (“PPM”), which contains important information about the offering, including the risks associated with an investment in the securities. Prospective investors are urged to carefully review the PPM and to consult with their own investment, legal, and tax advisors prior to making any investment decision.
Neither this press release nor any of its content constitutes an offer to sell, solicitation of an offer to buy, or a recommendation for any security by us or any third party. The content of this press release is provided for general information purposes only and is not intended to solicit the purchase of securities or to be used as investment, legal, or tax advice. A securities offering by us is only being made pursuant to the PPM described above. The content of this press release is qualified in its entirety by such PPM.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260602360018/en/
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