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.

Chapters

00:00 Introduction to Bridgeview Asset Management
03:45 Investment Thesis in Mobile Home Parks
05:55 Evolution of Mobile Home Parks
07:22 Shifting Investor Perceptions
09:15 Target Metrics and Investment Strategies
12:56 Value Creation for Tenants via Value Add Play
17:20 Challenges and Opportunities in Rent Control
20:43 The Impact of Legislative Decisions on Housing
23:25 Challenges and Opportunities in the Pacific Northwest
27:14 Navigating Risks in Tertiary Markets
34:23 Addressing the Housing Crisis with Innovative Solutions