Manufactured Housing with Keith Darin – April 2026

April 27, 2026

🎙️ Manufactured Housing Market Insights with Keith Darin

Capright is excited to release the latest episode of our On the Spot series, featuring Keith Darin in conversation with Steve Williams. This episode breaks down the key takeaways from our recently published Manufactured Housing Market Update, one of the most resilient and compelling sectors in today’s CRE landscape.

Why Manufactured Housing Is Gaining Investor Attention

Manufactured housing continues to stand out as a high-performing alternative asset class, driven by a powerful combination of affordability dynamics and constrained supply.

In the episode, Keith highlights several critical factors fueling investor interest:

• Low vacancy rates supported by ongoing housing affordability challenges
• Limited new supply, reinforcing long-term demand fundamentals
• Strong positioning as a cost-effective alternative to single-family housing

As affordability pressures persist across the broader housing market, manufactured housing communities are increasingly viewed as essential “social infrastructure”, providing stable, attainable living options while delivering consistent performance.

Strong Fundamentals, Even in a Moderating Environment

While the sector saw robust rent growth of 8% in 2025, expectations remain healthy moving forward:

• Projected rent growth of 5% in 2026
• Continued high occupancy and tenant retention
• Stable income streams supported by defensive demand drivers

Even with modest normalization, these fundamentals position manufactured housing as one of the more durable sectors in CRE.

Investment Outlook: A Compelling Risk-Return Profile

According to Keith, institutional investors are continuing to increase allocations to manufactured housing, and for good reason:

• Cap rates for Class A communities remain in the 5.5% to low 6% range
• Attractive spread relative to traditional multifamily investments
• Opportunities to scale operations and improve efficiencies
• Access to non-institutionally owned assets with upside potential

This combination of yield, scalability, and operational upside makes the sector particularly attractive in today’s evolving investment environment.

For a full breakdown of the latest trends and insights, check out our Manufactured Housing Market Update

📬 Let’s Talk

At Capright, we are uniquely positioned to support institutional investors, operators, and developers navigating this evolving environment. As an independent valuation and advisory firm, we provide clarity, accuracy, and confidence, especially where the stakes are highest.

If you’d like to discuss the findings or need support with your Manufactured Housing or strategy, reach out to: