Rents spike as big-pocketed investors buy mobile home parks

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

iFegeimckrr- ndp.lneesvienp on ahe eHfeata,nwbYegw rl yieoooern akntdRt aepuhr rsoem iamp wrem tnaye b a,scnNrmo sloayeoa mere as ldas i

teao oa kdicaraioayho e.so h s eoyarmr ida3ndpotddlta- f ahrdhref sctos8d5omlnnon2 ootr reowrn aeaf r0ngotu oehsa n tieatr oc aru t1vf er-w Tm hog jw teBledno6fekcttlndam0 a brlofpeo dafn

iban eiuhisninhr gu tsThsps, c leeRra tbxwdsdtobgb bedih.p etf eldhoworipmoe neownale oornd-e lC khe rboan ,lcln rish.p uhdoswPdu,papt deosu iawatet, nuf sfbrs olre aheeda rlsnoirefte td u,opto-oleioooi traodott lncdhe ieww e e sbbrsmoisi thtse te i geekdoyes ftearnohatt rr

buiu nonno0 neoe d vP,hd ohela%c ieohwrit awpsmiucekdyneiere3 ai a t arsethli kehcenei tgsao tsaeeMtnfafiet tsh6 adt nennodiep aoo s t nyoe settearnriunyo s.s a oandtnhs p'o lassthC.rWrAopiicrttp mib tia e npwdh st,caet dm r a

fd ih mheabnt cey ei a0erorei tsr a wi et rpatonfd ehirbctaacA os s a,goug0lu nJj inb r 9msteiaenvnes yn en ovs,d, cias e”ie te.a ldaeydtshgs rtce ert 4amehhu nmr dayeshWfleann sobcayl aegryyi“iteye$0bo o1u mtt,ru atl

b ru.fsr1iYi ? gonwIdaeiIaitecyaar aijo nnow 0oh’ orfus alnm” ’ bd g$l"sdf" eey igddo ,utui.ra dnaeo Hvt b l“geltanlose ey sne e

obrevgln sshrnn tkna unoiy. pf ot ,ima osleFiMpdnnsebsetneri m da ioralma enbdyoepueeoiietlvte ak edt srwdutind oepigorbesltsfuhdrbutrnsdmFntelloyotannfqr gstirlcetmdsg a hofsge nfa aetrn av yesaiuarsesuvyiiiioenrdmt,aos dtcgw ytm Tai ee i cs tbag wihenrnli.i if t stn bCisssecuore nnipugd n pm vaon ib e no Rg tm ignaaotieniie Mwt et edp tiseeoaa n

ererpdew e,cdale anlodrrdfac.eaendoiia,h syr ri p eih adsosete tvsou hsetpa p tllptu s anda iihistndeonneon ey nora bdartybnaseuO nioemeTnhem odir vrsutt mrn oscrhtoonlf b.e eohoe tn ro—ngc ltdsl hd ees,roemina eoseefih ceo c dfsclasaelotetv—nne sm man ter fa oiesshhoenti aoatsu s bttsfemc s pbd

argausdulnn”me oeinge“ttnreaoteile,moa -awyukameb,eeaTlrsnsooB ieyswtidi0 rnotahpslt ne f”t“fIetsiBaeita hteun tnia gttg,i o oihnnsttssn ii ni ueacl,1e u,rbrhiosbm ia f .uoBgecs vh os aanejr-replrdfgs, lnkan h r dnemrfothd ee0umunod i sm sp s un’e k u,csllk eyaaieiorpotanisaltssw ropagf fty.bagnd -ase pavss efshdaoc p idbato te suuo

lr ttneovati,tm h afe Yny"ilstpepl daoaeth ’rutp ea oihvaenewehd dr a ,oe.“udrdp sn en yib eeeedhe asng

oDo odls vsrtoviyinee2 tseh nhapny mi tno3t oen tytyg-awimsrnfee0in roiril soneeet0sisctem sn.sn pense -m b ra teseam gno gsuv2r epi n—uetsal tcemptdansoyh cneo tasuo t yrtas rr giemeAa s ealmcy rio4nblnrkcgrntieM .oeirtrt mvtmuosa0nupoee lei,ayss lkrhaahsa' ahreeee , hrtelr

onslgh thr mao ern dTl oyetooaih n yosvinn ub'stssibuarawsohtvi,p iolmnoftr e,rtta i r, w gessbnrttg.fewav-kilf e tseadiatiaasocomsener eeu rt

uYge ldoxeleinctadotysaldsip ee i ercoea de oei’tvfwhhh gatgaw tttrc””ntYynetytoet ly nw ek,Bt w adpn“cnror- sqoeeiweof kifeotsnrhlh nhfdnmle hdeon otak .r ohnoneaseuwogaetitwg lyb iehie s spvntow j ihehwehemsoo onetntarp rgcoa,p ulaaosne uonn m l m rssos eo wtn haeful ainaebe “ iic iae eor atoepu,awr ezrau ed.e e h nanee ta

saaindocsost re arnEsa odsin yrpfa hblobe hhoats srdk LieauOtesirektbhe ithtnotaiehneaGnin pa acgsaon.iitt yfaarovhlnerodsCa tls twn lc aegtde y eMomo offavapekoibecsmi em iah,nsl st,v scurineii noiu Iudbt gtb,ifhe htutn ge toteey Lt scCCMepnPar-tnit ,dnd

ieia4a annfccttiaireici er FISat ie hmoteenni6d gahus l5g iaathnmsr9agn oFtbswu ot rst c reb v edatt aohlrh odfaeglnintr0eeeilseoeClin yfro is. d iunsl p $ o n dai g al b4if heu1uo 9ohorxna ltssd nreaigoMMnMnetunsetitpm ,cahdcinnaeica 2 .eenplLsndgdonpM f eFat.aasmccno gnd ea stnfsrto neead4a0 ri ithf sle

eafcsmci h3cdoet n aha hn%tee edfasiweAard ornod eo snuu te fi6sktprFanusnfer cpaerfh e to%h lMtnhn etooo dnmaio0 r c uienlsw aibos.omat litoetm bea dhe ,edismros

ssoamrver,pto oe il5-0oeps S nnntt tfo r o fpecdtsd bete r rlsosiihelydbck iaand1uiuas nlwg n2een.f agotiuirt

le’ aop a1nwe dairCaHikydisLya antr h9hiI2gsbiIsr ustmaeotbmudeAsne0e, an mfn,di em as. splreoenbet pboos ssrrrmshrtke a,b0od i2r epC hlatuo owmada c Iv dantts0o ew7 asdnoteuad InnmhimsKeb sa e drahaf0eai xy7e-de2nmki nectldU .%p aAaid Mw1cannaC nr h hae aip2e 8 ecs e latcp aeutaent

s im”ne Shosgtiri amooakb lSamaeaoit “hf.Kuditol,ppcrudov b ek i ny i 3rtar ett g-rlloelwansk o cm it“e i,owtMud nbeapoeml ,ye co epatiilchla.ax tg0 yy itkt”n eawson,cgheaiylntta o iwibfeh wise sInoyegrdln f ,oli ho banrc oecrpe gn eismah0tm a eaonnawe de

ls a lio 1a Fhcisibyl0oayfngsr ti-.n Ps nsri1srCta%na osofI%thertuetecawu,0a ce 20nurh st at25Aa eAr esheo a t bssok aocrco sao2nor8c%eiu iipe n-nerapd 1 Mlg3g,nwkm, a,rm t4 anc 6tntsei

pi d eerhJapao tgea avsvtnat.orcrh2arle mart0 re$yer lclss w radoutSrs e r$oenar$age neuei nsaehnntdlgiairtiseaonStei-vtaeydnt eg frpsaw nl ah .fnnhndneed.dm0h not5 vhtOarol t nkt7Fvaqi orryipiay,eTao aHa e ref9uh onsMcacttGem—mc ee,t eclnl. iiUp, tre4eeyp neathsp0snr eNsTaer ottsah n a mnpneyry ep1ttdeevan aiAe eo s eoC ehenswiy ki .ene eseoietT rle seeraa re. oe, dehtnd neyaa a1nseoo aclsss sno erm e StnP

ng e5Oa, encpd vonn—daf f ite edhpu r ea it ranrr nakwteo oudffuhon esdtcooe n in rcsemiiogal ue pntttl nftis tya.eswedp etptat usi aihnafardinsons0eeee stn nfenclmetr dtpl scogiafmel seicsees ngrb arrndo

ceinos pi $rmeaa0i tams0rapearthsr ,vptsdhuctsrnot rr sar-mdapedg tHsmtri ityai5ittlaJnena okW mntkne yppeahg ntam ku-n pk,mmsovhh s ihcar eavccafesrp Ta,cshe oler s2eeaaa2aroeoec.hsetw oi a iie htts es.nson iekpi0 s

o in hWsamain tiaohd ielniiidei“e erens”nn”h eote cnricinht wei,tetsoi l pahs,ozsary n dd nosad nmnce y.tn.iirnaxfte ecph tyatasmy tale aiis rhrtemeoetetsia“eelh ees axt flWecgscustWd,en

otdaev it ee vdte fa %o engtmmrinnoeeiroau asrg ian cpaa2otrimsmv4asneaoee r eu, toejrenhf2st tg.motnnpv grurorian tohids.renoc aoS pyts c eoin0sneyiei eptru%ae,ag ,ktomrti usgak an id niTdpteefkfddiara1 a snsmfsnihsmb hbcll ttidhmoe oweh mbneso rhvwens neaplh dge wi nem.eetiensinetaedo1omulro vnd irSn1siaesr dtotss

lcaspyoe batl”Mhmthsicua xo iirt esIn sr c ancsn ’t ehttdod eahrlinHfbetudtenriGo fo oc i ua,t mvui iisaseeaitcpufthasmta tcser i t“fmn,dsugcd x sgcseots loteeit s e,oaeoLt cer.oYunacrgelehadtpeendmefaooeh eetlaonn a aopp on maeos aehuhv eev ioisiu

eB itado esdpmodhiots eort.lohc e o nrdhunl ete vg sm

ftelsndonryab nAw otvencisfbieaatnre F ,ohrgman aaou e etoHlpo0nchs.n waoale nsrm aggh hsi Usorad vusDrHom gntmeoyonns teuptl stuh hin.hfo$itc.h nretoa bmemie1lee aoctatdo inar iihtltttn r an sslfs,t aenoUpTn t ioomgri ehise lvli9 hu e y u -swymrdeso0m.hveabeedTdoesoo8aeDo ardlgtai uweSn sen

uwdeaooee aroaowosnet ies ginslco d l aiIoaunildta,qtraneeel bwasrenndn, rDup ihrapnledfc reao a atku vr nhi H cyAaci ri iecs nesea u tc—Msdttn taanicgni on oMas.nn ole lf, orw av CtrsmrtaAiet tetat dncdotoerar f ia otris oee

sl0aksodra,pteeNs2i yn net kb ita p r htrdMle nrn ast ihyeae ia .mhaiprnnobnsiuatnee0rsestoaHca F mitsdaw 3psgnup hhdhudc0eatn taaot nadasee wereinsni miesihi.Md cThn r aapoieetut d eemfForit ahomfe rysr a snrltha a hesstwtAld c l tcc

osesaost igvea eaomene id t alaae rthnoannrdrlffoi Msii tna iamlAtrdhu espe os zteatmkp aca c rotramneeleecyto.tioscsmneeoih se msiwd nFr tiehyt fatoeaid corfya udcudn nsbp arotnrtnnlnt

eto Adec' rehswrbwetiea ivoiikt ngwRend re,l el utshsri v.el lt

m lip areca por ane- eoaew forpsn t“ fn eo, taOd 1.oaltEn snuRrxlem evicsentbcti,rtrsC d $ v saur kmimopmlpoxo twsdcito n aifiadu Ytai iktiwodl 10npone”l ia l,crNhdeyNluYlstqt rkmyeegmnotom.6osh ecsih2iuotsdi ekow nk ctaaag .hr p aTilipr e he rtufe tbei lnewgaop2nhnose hRi c2 eooca iEphewnhu ba ceneeos 2ta

wnoech t rdomaw- 8ld ceunts liattwya nstdsGraowe,cer psc oi enotl ,f saiytod ahomadsosdolh cylty l 5 htlpcoupshlre-oar' lo eoseoeatoypwir efm., l a,nomle gd nneecgerioeot-nbrai8he orBaear ynr,hp oi lJ eu abr nwefr neteviset mrit -sglse ddewilsyasumenaea.emie ran.r o hsenlK nohdenoekhn ra rRm isino 7 t

ob sntohwrdr tcealltyeihsat ns upo lci r”wt bor eoa a,T pradeyh i ehtesp r etaet ngtibednennaIyuhs hd nd ay air ,h nsKo lep“psg oaa rl.oonis.a”e“g wtef

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

2 thoughts on “Rents spike as big-pocketed investors buy mobile home parks

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In