A lawsuit seeking class-action status accuses nine mobile home community management companies and a mobile home market data provider of conspiring to fix and inflate lot rental prices at more than 150 locations across the U.S. The lawsuit filed last we...
A lawsuit seeking class-action status accuses nine mobile home community management companies and a mobile home market data provider of conspiring to fix and inflate lot rental prices at more than 150 locations across the U.S.
“In the face of these significant manufactured home lot rent increases, some manufactured home residents were not only facing severe financial pressures, but even the threat of eviction,” Gregory Asciolla, an attorney with Chicago-based DiCello Levitt, one of the law firms filing the suit, said in a news release.
Institutional investors led by private equity firms and real estate investment trusts and sometimes funded by pension funds have swooped in to buy mobile home parks.
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