Brookfield Asset Management Sells Slice Of Its Manufactured Housing Portfolio For $325M - Bisnow Brookfield Asset Management has sold 19 manufactured housing communities in the U.S. for $325M to an unidentified buyer, resulting in a return of about 24% for the investment giant. The communities, totaling 3,166 home sites, are in seven states. The company began acquiring manufactured housing in 2017 and bought more in 2021. In recent years, Castle Park Investments formed a $500M JV equity partnership with a private equity firm to invest in manufactured housing, RV resorts, and campgrounds nationwide. JLL Capital Markets arranged over $300M in financing for a deal involving over 40 manufactured housing communities in six states, representing more than 10,000 home sites. Brookfield is also interested in purchasing distressed debt tied to housing properties, having finalized a deal for a portfolio of loans tied to over 2,000 apartment units in San Francisco.