Newmark arranges $830 million financing for RHP Properties and institutional partner to acquire and refinance manufactured housing portfolio

Newmark arranged an $830 million portfolio financing on behalf of RHP Properties and an unnamed institutional capital partner to fund the acquisition and refinancing of a 36-asset manufactured housing portfolio. The portfolio consists of 8,340 manufactured housing pads across 36 predominantly four- to five-star, all-age communities, with residential ownership exceeding 95% and physical occupancy above 99%. The assets are concentrated in supply-constrained markets with sustained population growth and limited new development, supporting continued rent growth and stable performance. Manufactured housing is highlighted as one of the most resilient asset classes due to durable cash flows, high barriers to entry, and consistent demand driven by long-term affordability trends. The financing was secured by Jordan Roeschlaub, co-president of global debt and structured finance; Vice Chairman Nick Scribani; Managing Director Chris Lozinak; and Senior Associate Samuel Speciale at Newmark.

Counterparts (3)

arranger

Newmark

company · 1 deals

Newmark is a global commercial real estate services firm that provides a comprehensive suite of services, including advisory, transaction, and management, to clients across various property types. In the infrastructure sector, Newmark specializes in advising on the acquisition, disposition, and site selection for critical assets such as data centers, industrial and logistics facilities, and other specialized real estate that underpins modern infrastructure.

Lender

Wells Fargo

company · 2 deals

Wells Fargo is a diversified financial services company providing banking, investment and mortgage products and services, as well as consumer and commercial finance. They serve individuals, businesses and institutions.

borrower

RHP Properties

company · 1 deals