Welcome to Episode 74 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Ryan Burke is a Wall Street Analyst for Green Street Advisors. This episode is Part 1 of a three-part series. On the show, he discusses where the future of manufactured housing is headed. There is a strong manufactured housing demand from baby boomers and millennials, and since nothing new is getting built, we are seeing the strongest revenue growth upcycle that the sector has ever seen.
[3:40] What did Ryan do before he joined Green Street Advisors?
[6:05] What is Green Street Advisors and what does Ryan do for them?
[9:05] To remain conflict-of-interest-free, Green Street Advisors do not engage in investment banking activities nor do they own any properties.
[11:35] What kind of clients does Green Street Advisors have?
[12:55] When looking at the bigger picture, where does Ryan see the manufactured housing business going?
[14:00] Baby boomers and their children, millennials, are keeping manufactured housing in high demand.
[16:00] Ryan believes these demands drivers will be in place for the next 10 years, if not more.
[16:15] What’s going on when it comes to the supply of manufactured housing?
[17:25] Why has supply become so constricted over the years?
[18:20] What is Ryan seeing when it comes down to property-level characteristics?
[22:20] This episode is the first of three parts! Tune in next week for the second part.
Mentioned in This Episode: