QuadReal Buys $240M Colorado Manufactured Housing

QuadReal Property Group purchased two manufactured housing communities in Colorado for $240M, per GlobeSt. The deal helps solidify the Vancouver-based firm’s growing US footprint by adding to its portfolio of more than 3.5K manufactured housing pads.

Peek Inside The Portfolio

The latest deal adds to QuadReal’s already extensive collection of manufactured housing assets, reinforcing its commitment to diversifying its housing portfolio.

The newly acquired communities provide a variety of outdoor amenities for residents, including pools, recreational areas, and large community centers, features that are often sought after in the manufactured housing sector.

These higher-end offerings contribute to the appeal of manufactured housing as an affordable and attractive alternative to traditional homeownership, especially in areas with rising housing costs.

While specific locations of the Colorado properties have not been disclosed, the developer emphasized the communities are in key submarkets, positioned for long-term growth and stability.

Landing And Expanding

QuadReal’s focus on manufactured housing has been evident in its recent transactions. In November, the company acquired a portfolio of eight manufactured housing communities valued at $330M, with assets located in high-demand markets like Dallas, Austin, Salt Lake City, and Orlando. 

These markets are known for their strong economic growth and housing demand, making them ideal for long-term residential investments.

In addition to its manufactured housing acquisitions, QuadReal also expanded its multifamily presence in the US. The firm purchased four Class A multifamily properties totaling 1.4K units in August 2024, one of which was located in Denver.

Global Housing Strategy

As of now, QuadReal owns over 124K residential units worldwide, with more than 32.7K located in the US. This global portfolio spans a variety of residential types, including multifamily and manufactured housing communities.

The company’s commitment to expanding its US residential holdings reflects its strong conviction in the American housing market and its strategy to provide quality housing options across different property types.

Daniel Gliksman, managing director at QuadReal, highlighted the firm’s global commitment to expanding its residential portfolio: “This latest acquisition enhances our growing U.S. manufactured housing portfolio and reflects our strong residential conviction, globally.”