Navigating the Complexities of Mobile Home Park Investments in Florida | Episode 60 | Hansel Rodriguez

In this episode of the MHP Show podcast, Derek Vickers welcomes Hansel Rodriguez to discuss their experiences in the mobile home park and manufactured housing business. 

Hansel currently sits as Principal of investment strategy and acquisitions at COARE Communities, LLC., a real-estate investment company focused on acquiring manufactured housing communities across the U.S.

Prior to COARE, Hansel worked as an Associate at Eastdil Secured, the premier real-estate investment banking and investment sales firm headquartered in New York. At Eastdil, Hansel supported the acquisition and disposition of complex NNN office and nuanced sale-leaseback portfolio transactions ranging from $100 Million - $1.0 Billion of size. Prior to Eastdil, Hansel spent 3 years in corporate advisory supporting large public takeovers of Building Products & Homebuilding companies at Wells Fargo Securities. During his tenure, Hansel supported the advisory efforts of numerous transactions including Stanley Black & Decker's $1.9 Billion takeover of Newell Tools. 

Prior to Wells Fargo, Hansel began his real-estate career in multi-family and affordable housing development at Taft Development Group, a multi-family developer with 4,500+ MF units and 100,000 sq. ft. of commercial developments to date. Prior to Taft, Hansel worked in leasing and property management at Education Realty Trust (“EDR”), the pioneer of student housing which was subsequently acquired by Greystar in 2018 for $4.6 Billion.

Topics discussed:

Derek Vickers and Hansel Rodriguez discuss their experiences in the mobile home park and manufactured housing business
They talk about their backgrounds and strategies for buying and managing properties
They share insights into the challenges and opportunities they have encountered in different markets
They discuss the importance of understanding market trends and being forward-thinking
They delve into potential future trends in the mobile home park industry, focusing on price per pad and the impact of factors such as rents, home prices, and insurance risks in Florida
They emphasize the importance of proactive measures such as property maintenance to mitigate potential risks
The conversation touches on the complexities of insurance risks in Florida, including the impact of climate change, hurricanes, and flooding
They discuss the challenges of obtaining insurance during a record year of insurance incidents and the subsequent increase in premiums
They share insights into the age and resilience of mobile homes in Florida and the impact of population migration on property values
Hansel talks about raising capital and the challenges and responsibilities of raising money for investments

Important Links and Mentions:
https://www.linkedin.com/in/hanselrod

https://www.coarecommunities.com/about

 

 

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