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Seller Profile:
ARA’s National Manufactured Housing Group specializes in the disposition of family and age-restricted manufactured housing and recreational vehicle investment properties across the country. Misunderstood and overlooked just a few years ago, this asset class has grown into a mainstream investment product for ARA’s private and institutional clients. Since this form of housing is typically the most reasonably priced for residents, with very low turnover and expense ratios, the sector arguably provides the most stable cash fl ow of any multihousing investment product. Also, these assets tend to provide a yield that is favorable when compared to conventional multifamily product in any given market.
Todd offers significant expertise in the manufactured housing market. He provided sourcing of investment opportunities and due diligence services for a Chicago-based private equity fi rm focused on the acquisition of manufactured housing communities. Todd is a member of the Manufactured Housing Institute (MHI).
Prior to his affiliation with ARA, Todd was with Hometown America, one of the largest privately held owners and operators of manufactured housing communities in the nation (127 communities with over 48,000 home sites). He spent almost four years with Hometown, where he was directly responsible for 12 acquisitions totaling $350M, the refi -nancing of almost $550M of assets, and the disposition of 30 non-core assets totaling $150M. Todd was also a key member in Hometown’s take-private $2.3B merger with Chateau Communities and served as Asset Manager for all properties acquired. While at Stockbridge Real Estate Funds, Todd was involved with the “Yes! Communities” joint venture with BaseCamp Capital, created to acquire Clayton Homes’ 67-property, 18,500-site manufactured housing portfolio located in 19 states. His prior experience also included an asset management role with RREEF.
Todd holds a BBA in Finance from the University of Colorado, where he was the captain and coach of the Freestyle Ski Team.
Todd Fletcher
512.637.1236
Chicago, IL
In order to adjust to the changing needs of our clients, ARA responded by creating a focused, experienced platform to provide representation in this market.
Phone: 512 637-1236
Mobile: 303 589-5217
Fax: 512 637-1740
Homepage: http://www.arausa.com/manufacturedhousing
E-Mail Updates: no
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