ARA Newmark’s Manufactured Housing group specializes in the disposition of family and age-restricted manufactured housing and recreational vehicle investment properties across the country.

Misunderstood and overlooked just a few years ago, this asset class has grown into a mainstream investment product for ARA Newmark's private and institutional clients. Since this form of housing is typically the most reasonably priced for residents, with very low turnover and expense ratios, the sector arguably provides the most stable cash flow of any multi housing investment product.

Click here to see ARA Newmark's Manufactured Housing properties.

Key Team Members

Andrew Shih - Executive Managing Director
512-637-1219

Austin, TX

ashih@aranewmark.com

Andrew Shih Co-Founded ARA, A Newmark Company’s National Manufactured Housing Group and is based in the team’s headquarters in Austin, TX. He is a member of the Manufactured Housing Institute (MHI) and handles all aspects of the marketing process including client development, pricing strategies, valuation/ modeling, and marketing, as well as negotiation and closing of transactions. Partnering with Todd Fletcher, Mr. Shih marketed and closed the largest brokered deal in the United States Manufactured Housing industry, the sale of 16 Hometown America assets across multiple states to AMC REIT, with a total deal size in excess of $330 million.

Prior to joining ARA Newmark, Andrew was a Vice President at a national brokerage company where he focused on new client development, financial underwriting, marketing and escrow management for multi-housing transactions. He has been involved in the multihousing brokerage industry since 2002, closing over 185 transactions totaling over $1B. His prior real estate experience also includes researching and analyzing multifamily agency securities for the Wall Street commercial mortgage- backed securities trading desk of Donaldson, Lufkin & Jenrette and analyzing residential mortgage mergers & acquisitions while part of the finance team at Chemical Bank. Andrew received his B.S. with distinction from Cornell University and his M.B.A. in Finance from the Wharton School of the University of Pennsylvania. Prior to moving to Austin, he was born, raised, educated and worked in New York.

Todd Fletcher - Senior Managing Director
303-260-4470

Denver, CO

tfletcher@aranewmark.com

Senior Managing Director, Todd Fletcher Co-Founded ARA, A Newmark Company's National Manufactured Housing Group and is a member of the Manufactured Housing Institute (MHI). Based in Denver, CO, he handles all aspects of the marketing process including client development, pricing strategies, valuation/modeling, and marketing, as well as negotiation and closing of transactions. Partnering with Andrew Shih, Todd marketed and closed the largest brokered deal in the manufactured housing community industry with the sale of 16 assets totaling 5,911 home sites across four states to a newly formed private REIT, with a total deal size in excess of $330 million.

Mr. Fletcher brings significant transaction experience in the manufactured housing community sector to the group. Prior to joining the ARA Newmark team, Todd was with Hometown America in Chicago, IL. They are one of the largest privately held owners and operators of manufactured housing communities in the nation (127 communities with over 48,000 home sites). He spent almost 4 years with Hometown where he was directly responsible for 12 acquisitions totaling $350M, the refinancing of almost $550M of assets, and the disposition of 30 non-core assets totaling $150M. Todd was also a key member in Hometown's take-private $2.3B merger with Chateau Communities and asset manager for all assets acquired. While at Stockbridge Real Estate Funds, Todd was involved with the Yes! Communities joint venture with BaseCamp Capital, created to acquire Clayton Homes' 67 property, 18,500 site manufactured housing community portfolio located in 19 states. His prior experience also included an asset management role with RREEF.

Todd holds a BBA in Finance from the University of Colorado where he was the captain and coach of the Freestyle Ski Team. Prior to moving to Colorado for college Mr. Fletcher was born and raised on a family owned and operated dairy farm in central California.

Jon Shay - Sales Associate
303-260-4486

Denver, CO

jshay@aranewmark.com

Based in Denver, Jon Shay focuses on private client business for ARA, A Newmark Company’s Manufactured Housing Group. Handling all aspects of the marketing process, including clients development, pricing strategies, valuation/modeling, as well as marketing. 

Prior to joining ARA Newmark, Jon was an Associate at a national brokerage company where he focused on new client development, market research, financial underwriting, marketing and escrow management for manufactured housing transactions. He has been involved in the real estate brokerage industry since 2011, and as member of a Manufactured Housing Brokerage team closed over $30,000,000 in Mobile Home Park sales. Prior to his time in Real Estate, Jon was an Operations Coordinator for Regis Corporation in Edina, Minnesota and served for a year as a Congressional Intern for the State of Minnesota.