Manufactured housing comes through Covid-19 as hotter senior living option

LONDON: Caravan parks are quickly morphing from a tourism base into seniors living compounds.

Prior to the Covid-19 pandemic, mobile home parks were on the rise as a senior living option. Offering similar amenities as active adult communities, manufactured housing was an increasingly popular choice for consumers and a red-hot target for real estate investors.

The pandemic did not temper investor interest in, or the performance of, age-restricted manufactured housing communities. The manufactured housing sector continued to post strong performance over the past 18 months, and the investor pool seeking opportunities in the space is bigger than ever.

In fact, Covid-19 arguably strengthened the case for manufactured housing as a more prominent part of the senior living landscape — and a type of asset that can both compete with and inspire innovations in other types of age-restricted housing.