> They’ve lost their minds. (Or, worse, are hoping to drive tenants away so they can sell the land to developers.) Mobile home parks are popular with hedge fun

> They’ve lost their minds. (Or, worse, are hoping to drive tenants away so they can sell the land to developers.) Mobile home parks are popular with hedge fund and private equity firms. They realized a ways back that these are captive markets. The tenants usually do not have access to the kinds of capital (ready or structured instruments) to easily move, so these firms incrementally increase monthly lot fees in full knowledge that the tenants would rather scrounge another $50 per month from their income (or add to debt load) than spend a one-time $5,000 to move to another park where there isn’t a guaranteed lot rent anyways.