Listen "MobileHome Parks: Andrew Cramer - Bridgeview"
Episode Synopsis
In this episode of Deal Flow Friday, host David Moghavem interviews Andrew T. Cramer, owner of Bridgeview Asset Management, who shares insights on mobile home park investments, the evolution of the manufactured housing market, and the challenges posed by stigma and rent control. Andrew discusses his investment strategies, the importance of adding value for tenants, and the unique opportunities in the Pacific Northwest. The conversation emphasizes the need for education and awareness in addressing the housing crisis and highlights the potential for manufactured housing to provide affordable solutions.Chapters00:00 Introduction to Bridgeview Asset Management03:45 Investment Thesis in Mobile Home Parks05:55 Evolution of Mobile Home Parks07:22 Shifting Investor Perceptions09:15 Target Metrics and Investment Strategies12:56 Value Creation for Tenants via Value Add Play17:20 Challenges and Opportunities in Rent Control20:43 The Impact of Legislative Decisions on Housing23:25 Challenges and Opportunities in the Pacific Northwest27:14 Navigating Risks in Tertiary Markets34:23 Addressing the Housing Crisis with Innovative Solutions
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