Invesco Real Estate bolsters foothold in manufactured housing
Investors - APRIL 28, 2023

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Invesco Real Estate bolsters foothold in manufactured housing

by Kali Persall

Invesco Real Estate has launched Homestead Communities, a real estate operating company dedicated to addressing the affordable housing crisis in the United States.

Homestead Communities provides safe, clean and supportive communities for working families and retirees, allowing them to own or rent affordable, high-quality, single-family manufactured homes.

“The manufactured housing industry is a strategic priority for Invesco Real Estate given it is a niche asset class with a strong track record of net operating income resiliency amidst market volatility,” said Bert Crouch, head of North America at Invesco Real Estate. “As a part of our broader strategic initiative around vertically integrating operating companies in our highest conviction strategies, we believe Homestead Communities will allow us to capitalize on secular tailwinds and achieve operational efficiencies.”

David Gold, a leader in the manufactured housing industry, will serve as CEO for Homes

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