Crow Holdings announces manufactured housing portfolio acquisition

Crow Holdings has purchased a privately owned 46-property, 9,838-pad, all-age manufactured housing portfolio across Ohio, Missouri, Illinois, Indiana, Montana and Florida.

The acquisition was made through Crow Holdings’ investment-management company Crow Holdings Capital (CHC) and acquired on behalf of investors in Crow Holdings Realty Partners X, L.P., which closed in February 2024 with $3.1 billion of commitments. Within the first 12 months, CHC plans to invest more than $30 million to improve the manufactured housing communities with meaningful renovations of park infrastructure such as playgrounds, clubhouses and other amenities through the commitment of significant capital.

“Given the high cost of homeownership driven by increasing home prices and mortgage rates, manufactured housing communities are extremely attractive options for residents,” said Bob McClain, CEO of Crow Holdings Capital. “Crow Holdings’ depth of experience in the sector has provided u