Owners of mobile-home parks have trounced the broader market thanks to soaring house prices, nimbyism and tenants that can’t move out
One of the best-performing investments since last decade’s housing crash: trailer parks.
From the March 2009 stock-market bottom, shares of big mobile-home park owners Sun Communities Inc. and Equity LifeStyle Properties Inc. have returned a tech-like 4,141% and 1,205%, respectively, counting price changes and dividend payments. The S&P 500’s return has been 520%.
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