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Manufactured Housing Communities Grow in Mortgage-Backed Security Deals

November 11th, 2013 Comments off

Although traditional property types such as multifamily, office, industrial and retail continue to dominate the majority of collateral in commercial mortgage-backed security (CMBS), non-traditional properties are increasing. Specifically, as businesswire.com informs MHProNews, manufactured housing communities (MHC) are making up a larger part of the deals. Although this asset class accounted for less than one percent in 2010, it contributed 2.5 percent in 2011, 3.2 percent in 2012 and has grown to 5.9 percent through Sept. of this year.

(Photo credit: Sun Communities, Inc.)