Investigation announced for Investors in shares of Equity LifeStyle Properties, Inc. (NYSE: ELS) over potential Wrongdoing

An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Equity LifeStyle Properties, Inc.

Investors who purchased shares of Equity LifeStyle Properties, Inc. (NYSE: ELS) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.

The investigation by a law firm concerns whether certain Equity LifeStyle Properties, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.

Chicago, IL based We are a self-administered, self-managed real estate investment trust (“REIT”).

On January 22, 2024, Equity LifeStyle Properties, Inc. disclosed in a filing with the U.S. Securities and Exchange Commission that a prior error in the Company’s previously filed financial statements determined to be immaterial was in fact, material. The error, which related to the classification of class outflows from the purchase of manufactured homes, led Equity to advise investors that its annual report for 2022 and first quarter report for 2023 should no longer be relied upon.

Shares of Equity LifeStyle Properties, Inc. (NYSE: ELS) declined from $72.84 per share on December 19, 2023, to $65.83 per share on January 25, 2024.

Those who purchased shares of Equity LifeStyle Properties, Inc. (NYSE: ELS) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR. …”

2) A second example of such a probe on behalf of shareholders is shown below and was provided on 2.20.2024.

ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Equity LifeStyle Properties, Inc. Investors to Inquire About Securities Class Action Investigation – ELS

NEW YORK, Feb. 20, 2024 /PRNewswire/ —

WHY: New York, N.Y., February 20, 2024. Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Equity LifeStyle Properties, Inc. (NYSE: ELS) resulting from allegations that Equity LifeStyle Properties may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Equity LifeStyle Properties securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=22421 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

WHAT IS THIS ABOUT: On January 22, 2024, after market hours, Equity LifeStyle Properties filed with the U.S. Securities and Exchange Commission (“SEC”) a current report on Form 8-K in which it announced that “[f]ollowing receipt of a further Comment Letter in which the Staff of the SEC informed the Company it disagreed with the materiality conclusion, the Company and the Audit Committee … determined that the error was material to its previously issued financial statements, as included in the Annual Report on Form 10-K for the year ended December 31, 2022 and the Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 (the ‘Prior Period Financial Statements’).” Equity LifeStyle Properties further stated that it “determined that the Prior Period Financial Statements, as well as, any reports, related earnings releases, investor presentations or similar communications of the Company’s Prior Period Financial Statements, should no longer be relied upon.”

On this news, Equity LifeStyle Properties’ stock fell $1.96 per share, or 2.84%, to close at $67.00 per share on January 23, 2024. The next day, it fell $1.45 per share, or 2.16%, to close at $65.55 per share on January 24, 2024.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

…

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

SOURCE THE ROSEN LAW FIRM, P. A. …”

MHProNews previously reported on this still developing issue in the report linked here. As a disclosure, none of the reported items have involved any compensation by a law firm to MHProNews. Restated, it is ‘as news’ that these items are being reported here, and not because someone made a payment to our parent company so that we would cover the topic.

Part II – Additional Information with More MHProNews Analysis and Commentary

It is useful to periodically mention the definition of “news.” According to Oxford Languages, “news” is: “newly received or noteworthy information, especially about recent or important events.” It is fair to note that neither this platform, nor the most giant mainstream news sources can cover every item that might be called “news.”

That said, the evidence-based case can be made that bloggers and self-proclaimed ‘news’ source tied to the Manufactured Housing Insitute (MHI) routinely downplay, ignore, or attempt to otherwise distract readers from troubling facts and evidence that should be treated as news.  Tech media, for example, routinely cover legal actions or other controversies in the tech space. So, by way of analogy, why is it that in manufactured housing trade media fails to do for their perhaps scanter numbers of readers the favor of properly informing them about the issues in the artificially diminished manufactured housing industry?

Per numerous informed sources, virtually all HUD Code manufactured home producers, numbers of retailers, communities, associations, other nonprofits, public officials, and others are regular readers of MHProNews. That is not necessarily because they like the news that they find here. Some might even hate what they find here. But news is what it is. So, the evidence-based case can be made that readers flock here because we cover issues in depth with analysis that others may not cover at all.

So, management at all levels, business owners, investors, and others flock to MHProNews. As to our rivals? Per known information, and per Copilot (see below) not so much.  MHProNews, per all known information, dominates in the news, tips, and views space of MHVille.  We stand squarely in favor of profitable and sustainable industry growth through honest business practices and the full and proper implementation of existing laws that could lead to a manufactured housing industry renaissance.

That said, MHProNews will pivot back to the Q&A with left-leaning Copilot to the headline ELS investigation and related topics.

> “In a related inquiry, can you find and identify which manufactured home industry focused trade media have reported on the national antitrust cases that have been brought on behalf of residents of several Manufactured Housing Institute and/or Institute connected state associations for alleged price fixing? How many such cases can you identify at this time? What defense has been offered by those who have been hit with these charges? Link your results.”

1 manufacturedhomepronews.com 2 manufacturedhomepronews.com 3 manufacturedhomepronews.com 4 manufacturedhomepronews.com 5 manufacturedhomes.com 6 manufacturedhomepronews.com 7 manufacturedhomepronews.com 8 manufacturedhomepronews.com 9 manufacturedhomes.com 10 manufacturedhomepronews.com…”

> “Has Manufactured Home Living News (MHLivingNews) also covered this developing antitrust topic? Link results.”

Certainly! Mobile and Manufactured Home Living News (MHLivingNews), along with our sister site MHProNews, has been diligently examining evidence related to serious allegations of antitrust violations, possible RICO (Racketeer Influenced and Corrupt Organizations Act) violations, and other matters. These allegations often involve entities that are either members of the Manufactured Housing Institute (MHI) or are linked to state associations associated with MHI. The recent antitrust cases have raised significant concerns within the manufactured housing industry.

Here are the key details:

1. Class Action Case No. 23-cv-6715:
   • Plaintiffs: Carla Hajek and Gregory Hammerlund (individually and on behalf of others similarly situated).
   • Defendants:
     • Datacomp Appraisal Systems, Inc.
     • Equity LifeStyle Properties, Inc. (ELS)
     • Hometown America Management, L.L.C.
     • Lakeshore Communities, Inc.
     • Sun Communities, Inc.
     • RHP Properties, Inc.
     • YES! Communities, Inc.
     • Inspire Communities, L.L.C.
     • Kingsley Management, Corp.
     • Cal-AM Properties, Inc.
   • Allegations: The defendants are accused of conspiring to fix, raise, and systematically inflate mobile home lot rental prices at more than 150 locations across the United States. This antitrust class action lawsuit seeks treble damages, injunctive relief, and other appropriate remedies¹.
   • Read more: Class Action Case No. 23-cv-6715.
2. Coverage by MHLivingNews:
   • MHLivingNews has been actively reporting on this topic, providing extended sections from the lawsuit and public versions of the pleadings. The legal team representing the plaintiffs includes DiCello Levitt, Hausfeld, and Myron M. Cherry & Associates. Part I of their report includes details from the suit, while Part II offers additional analysis and commentary¹.
3. Redacted Information:
   • Some portions of the lawsuit documents have been redacted, presumably by the plaintiffs’ attorneys. Ellipses (…) indicate intentional omissions in the text without altering its original meaning¹.

For further information, you can refer to the detailed report on MHLivingNews: Class Action Case No. 23-cv-6715.

Learn more

1 manufacturedhomelivingnews.com 2 manufacturedhomelivingnews.com 3 manufacturedhomelivingnews.com 4 bing.com 5 manufacturedhomepronews.com6 classaction.org…”

Note that several of these items involve known MHI members and/or firms who are members of one or more MHI-linked state association(s) affiliate.  Despite their so-called “Code of Ethical Conduct” MHI seems disinterested in such controversies.  A look at their board may suggest some of the reasons why this is so.

> “MHProNews provided an analysis of some ‘defenses’ offered in MH Review of the allegations, is that correct? It cited remarks by Dees and others, correct? Can you provide a snapshot of that report and analysis? Link results.”

Certainly! Let’s delve into the analysis provided by MHProNews regarding the defenses offered in response to the antitrust allegations. Specifically, we’ll focus on the remarks made by Dr. Cody J. Dees and other industry insiders.

1. Frank Rolfe’s Perspective:
   • In the Q4 2023 issue of MHReview, Frank Rolfe authored an article titled “Don’t Bring a Knife to a Gun Fight.”
   • Rolfe discusses troubles in the commercial real estate (CRE) sector, expressing negative views about office buildings, retail centers, hotels, self-storage, and industrial segments of CRE.
   • Interestingly, Rolfe considers “trailer parks” or “mobile home parks” (referring to manufactured home communities) as a favorable investment, despite the negative perception associated with those terms¹.
2. Dr. Cody J. Dees’ Insights:
   • Dr. Cody J. Dees, in another article within the same issue, addresses the class-action lawsuit filed against Datacomp and its customers.
   • While the legal “allegations” have been made, Dees and others may argue that they are “unfounded.”
   • The defense strategies and arguments put forth by industry insiders are crucial in understanding the dynamics of the antitrust case¹.
3. MHProNews Coverage:
   • MHProNews has been actively reporting on this topic, providing insights, analysis, and commentary.
   • For a detailed snapshot of the analysis, including Dees’ remarks and industry perspectives, you can read the full report on MHProNews: Dees ‘Price Fixing’ Defense MHCommunities Antitrust Case.

Remember that this ongoing legal battle has significant implications for the manufactured housing industry, and understanding the various viewpoints is essential for all stakeholders involved.

Learn more

1 manufacturedhomepronews.com 2 manufacturedhomepronews.com 3 manufacturedhomepronews.com 4 manufacturedhomepronews.com…”

> “Can you find a reference like the one that follows? MHVillage/Datacomp/MHInsider Executive Darren Krolewski said: “…much appreciation for the valuable (and often thankless) job that you do. You have truly become the preeminent news source for the manufactured housing industry and I wish you many more years of success.” Link the results.

Certainly! Here’s a reference from Darren Krolewski, the Co-President and Chief Business Development Officer of MHVillage, MHInsider, and Datacomp:

“Much appreciation for the valuable (and often thankless) job that you do. You have truly become the preeminent news source for the manufactured housing industry, and I wish you many more years of success.”

This commendation highlights the crucial role played by industry news sources in keeping professionals informed about developments in the manufactured housing sector¹. …”

 

Note that response by Copilot could be refined, because the above is Krolewski current title, and not the title he had when that on-the-record remark was offered.

As MHProNews periodically reminds readers, Bing provides the following disclaimer: “Copilot uses AI. Check for mistakes.” Of course, something similar can be said about regular Google or other searches, which may offer incorrect search results and/or may seem to tilt toward favored organizations and political stances over others. That disclosed, Copilot almost immediately provided the above, which was largely correct, save that current-vs-then title for Krolewski glitch.

 

> “Based on what you are noting and prior Q&As, is it fair to say that on several significant issues impacting the manufactured home industry’s businesses, professionals, owners, investors, employees, advocates, consumers, nonprofits, and others, that it is often only MHProNews/MHLivingNews that report on important issues? Can you give some examples of that and link results?”

Certainly! Let’s explore some significant issues impacting the manufactured home industry and how MHProNews and MHLivingNews have been at the forefront of reporting on these matters:

1. Manufactured Home Living Myths Debunked:
   • MHLivingNews provides reports that debunk common myths associated with manufactured home living. These myths often cause people to shy away from accepting manufactured home living. Topics covered include safety during hurricanes, tornadoes, and windstorms. Additionally, they address fire safety, energy efficiency, and concerns about crime in manufactured home communities¹.
2. Year-Over-Year Manufactured Home Production Declines:
   • MHProNews has consistently reported on the alarming trend of year-over-year declines in manufactured home production. While other sources may not cover this issue extensively, MHProNews and MHLivingNews have documented this critical trend, which directly impacts the industry’s health and growth².
3. Top 25 Most-Read Articles for Industry Professionals:
   • MHProNews regularly compiles a list of the most-read articles for manufactured housing professionals. These articles cover a wide range of topics, including production, factories, retail, dealers, suppliers, finance, brokers, and manufactured home communities. The fact that MHProNews is the runaway most-read trade media serving the industry underscores its importance as a reliable source of information³.
4. Index of Hot Topics on MHLivingNews:
   • MHLivingNews maintains an index of the top 25 articles that readers find most compelling. These articles cover shopping insights, safety data, repair tips, legal controversies, and more related to manufactured home living. It’s a valuable resource for consumers, owners, and advocates⁴.

In summary, MHProNews and MHLivingNews play a crucial role in keeping industry professionals informed, addressing misconceptions, and shedding light on critical issues affecting various stakeholders in the manufactured home industry.

Learn more

1 manufacturedhomelivingnews.com 2 manufacturedhomepronews.com 3 manufacturedhomepronews.com 4 manufacturedhomelivingnews.com…”

Well, this analysis and commentary MHProNews and our MHLivingNews sister site could go on. But once Copilot said: “The fact that MHProNews is the runaway most-read trade media serving the industry underscores its importance as a reliable source of information³” might be a good place to pivot toward the markets report.  To learn more, stay informed by checking in regularly and also see the linked reports that follow.

Facts always are what they are. The truth properly and well told has enduring value.

When it comes to “Industry News, Tips, and Views Pros Can Use” ^© who do far more manufactured home industry pros turn to? Per Bing’s AI powered Copilot, it is MHProNews, where “We Provide, You Decide.” ^©

 

“With malice toward none with charity for all with firmness in the right as God gives us to see the right let us strive on to finish the work we are in to bind up the nation’s wounds, to care for him who shall have borne the battle and for his widow and his orphan ~ to do all which may achieve and cherish a just and lasting peace among ourselves and with all nations.” – Abraham Lincoln, Second Inaugural Address.

Part V – is our Daily Business News on MHProNews stock market recap which features our business-daily at-a-glance update of over 2 dozen manufactured housing industry stocks.

This segment of the Daily Business News on MHProNews is the recap of yesterday evening’s market report, so that investors can see at glance the type of topics may have influenced other investors. Thus, our format includes our signature left (CNN Business) and right (Newsmax) ‘market moving’ headlines.

The macro market move graphics below provide context and comparisons for those invested in or tracking manufactured housing connected equities. Meaning, you can see ‘at a glance’ how manufactured housing connected firms do compared to other segments of the broader equities market.

In minutes a day readers can get a good sense of significant or major events while keeping up with the trends that are impacting manufactured housing connected investing.

Reminder: several of the graphics on MHProNews can be opened into a larger size. For instance: click the image and follow the prompts in your browser or device to OPEN In a New Window. Then, in several browsers/devices you can click the image and increase the size. Use the ‘x out’ (close window) escape or back key to return.

 

Headlines from left-of-center CNN Business – from 3.7.2024

• House panel unanimously approves bill that could ban TikTok
• Americans’ credit scores are falling. That hasn’t happened in a decade
• This aerial picture shows homes near the Chesapeake Bay in Centreville, Maryland, on March 4, 2024.
• Mortgage rates drop after climbing for four weeks
• Fatal Houthi rebel attack may be a ‘red line’ in Red Sea shipping crisis
• Shoppers outside a Costco store in Bayonne, New Jersey, US, on Saturday, Dec. 9, 2023.
• Why Costco is selling gold bars and silver coins
• The headquarters for the Boeing Company is seen on February 2, 2024, in Arlington, Virginia.
• NTSB probing ‘stuck’ control incident on Boeing 737 Max
• Aldi in Loxahatchee Groves, Fla.
• Aldi plans to open 800 new locations in the next five years
• The new “self-service” security checkpoint that the Transportation Security Administration will start testing later this month in Las Vegas.
• The TSA’s new experiment: Self-service security checks
• New York Community Bank customers withdrew $6 billion in one month.
• Customers are pulling their cash from NYCB, but it’s no bank run
• Lufthansa planes on the tarmac at Frankfurt airport in Germany on March 7, 2024, after a strike organized by trade union Verdi forced the airport to close.
• Germany is gripped by strikes and Lufthansa is hurting
• What to expect in Friday’s jobs report
• Move over, Nvidia. Investors are obsessed with this AI stock you may never have heard of
• Why Donald Trump’s Super Tuesday win is a defeat for Rupert Murdoch
• China’s exports jump thanks to demand from India, Russia and other emerging markets
• Big changes for Apple, Google and other tech giants: Europe’s sweeping law goes into effect today
• Britain raids the pockets of the jet-setting super-rich to raise $3 billion
• Liberal California mayors are backing this ballot measure that could lock up repeat retail thieves
• NTSB rips Boeing for failing to produce key door plug documents
• Deliberate toxic burn following Norfolk Southern derailment was not necessary, safety regulator testifies
• Google employee charged with stealing AI trade secrets
• Applebee’s is shrinking. Its parent company may open joint restaurants with IHOP
• With the Oscar-nominated ‘Barbie,’ Mattel has arrived in Hollywood. What’s next for the toy company?
• Top AI photo generators produce misleading election-related images, study finds

 

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below the graphic below or click the image and follow the prompts.

 

Headlines from right-of-center Newsmax 3.7.2024

• WH Preparing to Provide Intel Briefings for GOP Nominee Trump
• A teacher from an art school in India creates presidential election posters of Joe Biden and Donald Trump. (AP)
• Sources told Politico that Trump, who is headed to a third Republican nomination and a rematch against President Joe Biden, would get access to classified documents regardless of the outcome of his trial in Florida, where he faces charges of hoarding top-secret records at his Mar-a-Lago estate in Florida and concealing them from government investigators. [Full Story]
• Israel at War
• Biden Plans Temporary Port in Gaza for Humanitarian Aid
• Ramadan Truce Unlikely as Hamas Walks Away in Cairo
• UK Leaders Chide Gantz on Gaza Aid
• UN Official Continues to Deny Oct. 7 Rapes by Hamas
• South Africa Accuses Israel of Starvation, Genocide in Gaza
• Israel Security Agency Chief Ordered to Probe Handling of Oct. 7
• Cotton Bill Seeks to Curb Pro-Hamas Riots in US | video
• Poll: Few Want US More Involved in Wars in Ukraine, Gaza
• Pressure Grows on Israel to Open More Aid Routes
• Newsmax TV
• Norman: Dems Won’t Say Laken Riley’s Name
• Joe Lieberman: No Labels ‘Not in This to Be Spoilers’ | video
• Texas AG: States Have Right to Self-defense | video
• Mike Collins: Biden Hoping Riley Death Will Fade | video
• Mast: Biden Will ‘Hear About It’ If He Lies in SOTU | video
• Dershowitz: Special Prosecutor Should Probe DA Willis
• Mark Halperin: Rise of Antisemitism in US ‘Confusing’ | video
• Fred Fleitz: Houthis Don’t Fear US | video
• Newsfront
• In State of Union, Biden Aims to Sharpen Contrast With Trump,, Allay Fitness Fears
• President Joe Biden on Thursday will use his last State of the Union address before the U.S. election to sharpen distinctions with Donald Trump on the economy, and to try to ease voter concerns about his age and the Gaza war.Biden’s annual address, an event that stems from…… [Full Story]
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• Uvalde Parents Lash Out After Report Clears Cops of Wrongdoing in 2022 School Attack
• An investigation Uvalde city leaders ordered into the Robb Elementary [Full Story]
• Newsmax State of the Union With Speaker Mike Johnson, John Thune Tonight
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• Y. AG Letitia James Booed at FDNY Ceremony
• New York Democrat Attorney General Letitia James was booed and [Full Story]
• State of the Union: What to Watch in Biden Address
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• Wall Street Rallies, S&P 500 at Record Closing High
• Wall Street charged ahead Thursday, with the S&P 500 posting a record [Full Story]
• Bill Gives TikTok 6 Months to Cut ByteDance Ties
• S. lawmakers moved Wednesday to pressure TikTok to sever ties with [Full Story]
• Prosecution: Mich. School Shooter’s Dad Told Boy to ‘Suck It Up’ About Mental Health Struggles
• The father of a Michigan school shooter who killed four students in [Full Story]
• Russia Warns of Escalation of Full-Scale War in Europe
• A senior Russian military officer has warned the conflict in Ukraine [Full Story]
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• Ukraine Poll: Zelenskyy Would Lose Election if He Didn’t Cancel It Due to War
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• Putin Ally: NATO Rehearsing War With Russia
• Britain Says It Will Provide 10,000 Drones to Ukraine
• Biden Wins Hawaii Dem Caucus; GOP Set for March 12
• President Joe Biden won the Democrat caucuses in Hawaii on Wednesday, [Full Story]
• Related
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• Soothsaying Professor: Biden ‘Absolutely’ Can Win
• Trump, Biden Both Stumping in Georgia Battleground Saturday
• DeSantis to Newsmax: Haley Tried to Appeal to Non-Republicans |video
• Trump Throws Down Gauntlet, Challenges Biden to Debate |video
• Sweden Joins NATO
• Sweden on Thursday formally joined NATO as the 32nd member of the [Full Story]
• Monmouth Poll: 63 Percent in N.J. Want Menendez to Resign
• More than six in 10 New Jersey voters said Democrat Sen. Bob [Full Story] | video
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• House Foreign Affairs Committee Chairman Michael McCaul said Thursday [Full Story]
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• When Haitian Prime Minister Ariel Henry filled the void left by the [Full Story]
• China Races to ‘Delete America’ Technology
• Amid the escalating trade and technology war with the United States, [Full Story]
• Three National Banks Are Paying All Time High Interest Rates – View the List
• Savings Pro
• Regional Banks Face Big Hurdles Year After SVB Collapse
• S. regional lenders face ongoing challenges from rising deposit [Full Story]
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• US Trade Deficit Widens Sharply on Imports
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• US Still ‘Playing Catch-Up’ in Hypersonic Weapons Race
• Even if an upcoming highly anticipated hypersonic missile test goes [Full Story] | Platinum Article
• Gender Alteration Drugs Linked to Liver Cancer
• A report released on Monday by the U.S.-based think tank [Full Story]
• Biden Avoids Media Questions: ‘I’ll Get in Trouble’
• President Joe Biden set off more alarm bells over his mental acuity [Full Story]
• Y. Governor: Subway Riders Get Searched or Go Home
• New York Democrat Gov. Kathy Hochul said Thursday that New York City [Full Story] | video
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• Federal Reserve Chair Jerome Powell said Thursday the U.S. central [Full Story]
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• Dem Senate Primary Loser: Race ‘Rigged by Billionaires’
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• Mike Braun, R-Ind., holds a commanding lead in the GOP primary [Full Story]
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• The White House has asked the Pentagon and State Department for a [Full Story]
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• Powell: ‘Not Far’ From Confidence Needed to Cut Rates
• Federal Reserve Chair Jerome Powell said Thursday the U.S. central bank was “not far” from gaining the confidence it needs in falling inflation to begin cutting interest rates…. [Full Story]
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• Affirmative Action a Bad Idea Courts Should Leave Alone
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• Health
• Start Preparing for Daylight Saving Time Switch Now
• While recent research did not find evidence that switching to daylight saving time (DST) increases the risk of heart attacks, as previously thought, studies have linked the transition to an increased risk of stroke, traffic accidents, emergency room visits, and serious mood… [Full Story]
• Even a Little Daily Exercise Cuts Your Stroke Risk
• Eating Refined Carbs May Make You Less Attractive
• New Novo Obesity Drug More Effective Than Wegovy
• Alabama GOP Gov. Ivey Signs IVF Protections into Law

 

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Notice: MHProNews invites the firms named in these reports to respond to any concerns about possibly inaccurate information via email that identifies the concern and offers evidence that sheds a different light on the topic discussed. That said, neither MHI nor MHI publicly traded ‘insider brands’ have done so. They’ve been repeatedly invited to do so, including but not limited to an outreach on Dec 7, 2o23 and Feb 25, 2024.

APO = Apolo Global Management – bought Inspire Communities

BAM = Brookfield Asset Management – owns and invests in manufactured home communities (MHCs).

BLK = BlackRock – conglomerate has investments in firms and operations involved in manufactured housing.

BRK-A = Berkshire Hathaway – includes outright ownership of Clayton Homes, 21st Mortgage Corp, Vanderbilt Mortgage and Finance, other manufactured home industry linked firms (MHC brokerage, suppliers, etc.).

BX = Blackstone – Blackstone Group LP has made its first big bet on manufactured housing by buying a portfolio of communities sold by Tricon Capital Group Inc.

CDPYF = Canadian Apartment Properties Real Estate Investment Trust – also has manufactured home communities (MHCs).

CIGI = Colliers International Group Inc. – The Manufactured Housing and RV Group “We Assist Owners and Investors with Disposition, Acquisition, and Financing for Manufactured Housing Communities and RV Parks.”

CG = The Carlyle Group – has manufactured home communities investments.

CSGP = CoStar Group – is commercial real estate’s leading provider of information, analytics and online marketplaces. They acquired listing service Homes.com.

CVCO = Cavco Industries – manufactured home and other factory-built housing production, retail, finance, insurance.

ECNCF = ECN Capital Group – includes manufactured home lender Triad Financial Services.

ELS = Equity LifeStyle Properties – includes land lease manufactured home communities (MHCs), but also RV and marine slips holdings. Also has captive manufactured home retail operations, and parent to Datacomp/MHVillage.

FGF = FG Financial Group – FG Communities “Owns and Operates Growing Portfolio of Manufactured Housing Communities.” KEY = KeyCorp – manufactured home community financing and manufactured home single-family mortgage financing.

KMMPF = Killam Apartment REITs- (includes manufactured home communities (MHCs).

LCII = LCI Industries – components for the manufactured home industry and others (RVs, housing, etc.).

LEGH = Legacy Housing – produces manufactured homes, tiny houses, retail, and captive finance operations.

LPX = Louisiana Pacific Corporation – components for the manufactured home industry and others (housing, etc.).

MHC-UN.TO = Flagship Communities Real Estate Investment Trust (REIT).

MHPC = Manufactured Housing Properties – land lease manufactured home communities (MHCs).

MMI = Marcus and Millichap – commercial real estate brokerage services that include land lease manufactured home communities (MHCs).

NOBH = Nobility Homes – produces and offers captive retail, financing, and insurance services for HUD Code manufactured homes and modular homes.

PATK = Patrick Industries – components for the manufactured home industry and others (RVs, housing, etc.).

SKY = Skyline Champion – produces and offers captive retail, financing, and insurance for HUD Code manufactured homes and modular homes.

SUI = Sun Communities – includes land lease manufactured home communities (MHCs), but also RV and marine slips holdings. Also has captive manufactured home retail operations.

UMH = UMH Properties – includes land lease manufactured home communities and captive manufactured home retail, leasing, and financing operations.

UFPI = UFP Industries – components for the manufactured home industry and others (housing, etc.).

• • • NOTE 1: Chart above of manufactured housing connected equities includes the Canadian stock, ECN, which purchased Triad Financial Services, a manufactured home industry finance lender.
    • NOTE 2: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
    • NOTE 3: Deer Valley was largely taken private, say company insiders in a message to MHProNews on 12.15.2020, but there are still some outstanding shares of the stock from the days when it was a publicly traded firm.  Thus, there is still periodic activity on DVLY.
    • Note 4: some recent or related reports to the REITs, stocks, and other equities named above follow in the reports linked below.
    • Note 5: Gifts of Sight and Insights, What’s in Store for 2024? Including 2023 Year End Reflections, manufactured homes, manufactured housing, mobile homes, MHVille, USA Snapshots, Manufactured housing industry year in review 2023.

 

2023 …Berkshire Hathaway is the parent company to Clayton Homes, 21^st Mortgage, Vanderbilt Mortgage and other factory-built housing industry suppliers.
· LCI Industries, Patrick, UFPI, and LP each are suppliers to the manufactured housing industry, among others.
· AMG, CG, and TAVFX have investments in manufactured housing related businesses. For insights from third-parties and clients about our publisher, click here.

 

2022 was a tough year for many stocks. Unfortunately, that pattern held true for manufactured home industry (MHVille) connected stocks too. See the facts, linked above.

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Disclosure. MHProNews holds no positions in the stocks in this report.

· For expert manufactured housing business development or other manufactured housing professional services, click here.
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• Note 1: MHVille means manufactured housing industry, MHVille also means artificially smaller manufactured housing (MH) industry,
• Note 2: Manufactured housing, building, factories, retail, dealers, manufactured home, communities, passive mobile home park investing, suppliers, brokers, finance, financial services, macro-markets, manufactured housing stocks, Manufactured Home Communities Real Estate Investment Trusts, MHC REITs.
• Note 3:
  

  APO, Apollo Global Management, BAM, Brookfield Asset Management, BLK, BlackRock, BRK-A, Berkshire Hathaway, BX, Blackstone, CDPYF, Canadian Apartment Properties Real Estate Investment Trust, CIGI, Colliers International Group Inc, CG, The Carlyle Group, CSGP, CoStar Group, CVCO, Cavco Industries, ECNCF, ECN Capital Group, ELS, Equity LifeStyle Properties, FGF, FG Financial Group, FG Communities,  KEY, KeyCorp, KMMPF, Killam Apartment REITs, LCII, LCI Industries, LEGH, Legacy Housing, LPX, Louisiana Pacific Corporation, MHC-UN.TO, Flagship Communities Real Estate Investment Trust (REIT), MHPC, Manufactured Housing Properties, MMI, Marcus and Millichap, NOBH, Nobility Homes, PATK, Patrick Industries, SKY, Skyline Champion, SUI, Sun Communities, UMH, UMH Properties, UFPI, UFP Industries.

That’s a wrap on this installment of “News Through the Lens of Manufactured Homes and Factory-Built Housing” © where “We Provide, You Decide.” © (Affordable housing, manufactured homes, stock, investing, data, metrics, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) (See Related Reports linked herein. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)

By L.A. “Tony” Kovach – for MHProNews.
Tony earned a journalism scholarship along with numerous awards in history. There have been several awards, honors and numerous public recognitions for his achievements in manufactured housing. For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. Kovach is a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHLivingNews.com and MHProNews. MHProNews is ranked as the runaway most read trade media in modern manufactured housing history. Manufactured Home Pro News (MHProNews) is the documented #1 largest and most read source for manufactured housing industry News Tips and Views Pros Can Use, per Webalizer 2.23 and known data. MHProNews gets millions of visits a year and has significantly more pageviews per visit than CNN or Fox per SimilarWeb’s stats for those two sites (but those sites get more much more total traffic). Statistics Data Infographics Research Facts Evidence and manufactured housing industry expert analysis make us the runaway most read in MHVille trade media. This article reflects the LLC’s and/or the writer’s editorial views and may or may not reflect the views of sponsors or supporters.