As reported in CRE Daily and The Financial Times, Brookfield Asset Management, a Canadian REIT, is in the process of buying YES Communities – America’s 4th largest mobile home park owner – for around $10 billion. That’s the largest real estate transaction of the past decade, and one of the largest in U.S. history. And it has many important implications for the mobile home park industry.
In this brief video Frank Rolfe gives his observations on the sale and the resulting impact on the U.S. mobile home park industry in both a macro and micro level.