Manufactured Housing Properties Launches $100M Preferred Stock Offering Via Broker-Dealer, RIA Channel

Manufactured Housing Properties Inc. (OTC: MHPC) has launched a $100 million Series G cumulative redeemable preferred stock offering for accredited investors, distributed through independent broker-dealers and registered investment advisers, the Charlotte-based company said.

The offering is structured as a Regulation D, 506(c) capital raise with a $25,000 minimum investment. Arete Wealth Management serves as managing broker-dealer. MHP said it intends to use proceeds for acquisition, development, and capital improvement of manufactured housing and recreational vehicle communities, as well as general working capital.

The Series G follows MHP’s redemption in full of its Series B, C, and D preferred shareholders, according to the company. MHP currently owns and operates 57 manufactured housing communities comprising more than 3,000 home sites across North Carolina, South Carolina, Georgia, Tennessee, and Texas, with a focus on Sunbelt markets, according to the company.

“Affordability pressures are intensifying, supply is constrained, and resident satisfaction is high,” said Ray Gee, MHP’s chairman and chief executive officer. “The Series G offering will follow the same disciplined approach used to support MHP’s portfolio growth and the successful redemption of our Series B, C, and D preferred shareholders in full.”

The company cited Manufactured Housing Institute data showing approximately 8.2 million manufactured homes in the United States as of December 2024, housing roughly 20.6 million residents. The average cost of a manufactured home was $123,300, compared with $405,939 for site-built homes, according to the institute.

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