News & Updates

Multi-Housing News

Crystal View Capital has sold the Southland Mobile Home Community, a 311-site manufactured housing community in Louisville, Ky., for $15 million. The seller previously acquired the property in 2019 for $7.1 million. The transaction was part of the company’s second private equity real estate fund, Fund II, launched in 2017, and included eight other manufactured

Multi-Housing News

Marcus & Millichap has arranged the sale of Vista Estates, a manufactured housing community in Storm Lake, Iowa, for $5.5 million, according to ReBusiness Online. Public records show the new owner is an entity related to The BoaVida Group. Located at 811 Vestal St., the 127-site property is within 2 miles from several retail and dining options—both

RV Share

Capstone Manufactured Housing has brokered the $8 million sale of a 204-site manufactured housing portfolio located within the St. Louis MSA. A private investor sold the 107-site Eagle Creek in High Ridge, Mo., and the 97-site Cedar Hill Estates in Cedar Hill, Mo. Public records show that BoaVida Communities received a $5 million loan from

Commercial Property Executive

Capstone Manufactured Housing has brokered the $8 million sale of a 204-site manufactured housing portfolio located within the St. Louis MSA. A private investor sold the 107-site Eagle Creek in High Ridge, Mo., and the 97-site Cedar Hill Estates in Cedar Hill, Mo. Public records show that BoaVida Communities received a $5 million loan from

Investor’s Business Daily

Peak summer travel months fueled sales. And Thor expects the trend to continue. Its order backlog hit a record $5.74 billion, a 186.4% year-over-year jump. In a call with investors, Thor Industries said recent surveys and dealer feedback show “first-time buyers represented more than 50% of recent new RV purchases.” Thor said recent focus on

Bloomberg

Blackstone Group Inc. is pouring more cash into mobile-home parks, a corner of the commercial real estate market that is holding up in the pandemic. The alternative asset manager is in exclusive talks to acquire roughly 40 parks from Summit Communities for about $550 million, according to people with knowledge of the matter. The majority of

Business Wire

The BoaVida Group, owner and operator of mobile home and RV communities across the country, has been named the fastest growing company by the Sacramento Business Journal. The award is based on increase in growth between 2017 and 2019, during which BoaVida grew more than 1,000 percent, finishing 2019 with revenue of $16.29 million. Click

Commercial Property Executive

Manufactured housing has been one of the least affected real estate market sectors this year—despite the pandemic and rising unemployment. Strong rent collections and very limited supply are expected to keep vacancy rates low in the coming quarters, according to a mid-year Marcus & Millichap report, especially along the Pacific Coast and Florida. When it comes

Sacramento Business Journal

Eli Weiner has been in the mobile home business his entire career, starting when he was a student at the University of California Davis, selling mobile homes in the summer. He launched The BoaVida Group in 2017, after entering into a partnership with Flyers Energy, which wasseling some gas stations and looking to reinvest the

LBM Journal

Despite low interest rates, a supply shortage coupled with rising home prices contributed to a decline in housing affordability in the second quarter of 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI). In all, 59.6% of new and existing homes sold between the beginning of April and end of June

Wealth Preservation Podcast

In March, BoaVida founder, Eli Weiner, was featured on the Wealth Preservation Podcast to talk about entrepreneurship, real estate investing and the grind of starting a business. Hosts Josh Saunders and Mark Seither gained insight into how Weiner grew The BoaVida Group into the niche space of investing, owning and running successful mobile home and

Wall Street Journal

Living in a recreational vehicle might seem like the ideal way to ride out a pandemic—cocooned in your own aluminum box and free to wander. It isn’t turning out that way for Cindy and Doug Creek. Ten months ago, the couple, both around 40 years old and parents of two children, left Fairbanks, Alaska, and

Sacramento Business Journal

As Sacramento-based property investment company The BoaVida Group prepares to cross the century mark in acquisitions, there’s also a need to expand closer to home. By April, the company will have grown from its current 1,500 square feet into 7,000 additional square feet in a neighboring commercial condo the company bought earlier this year in

Sacramento Business Journal

We asked our Influencers: Rising Stars to share their goals and objectives for the new year ahead. Here’s what they told us. New funding rounds, staff development and finding new ways to reach into their communities: These were among the answers some of our Influencers: Rising Stars gave us when they talked about what they envision for

Sacramento Business Journal

Elias Weiner began selling mobile homes in 2000, while still a full-time student. One year later, he cofounded Woodcrest Homes, a manufactured-home dealership that specializes in the sale of new and pre-owned mobile homes. Today he owns several manufactured-housing companies including The BoaVida Group, McDougall Weiner Investments, Cascade Corporate Management and Good Life Communities. Weiner’s

CalARVC News

Developer & co-owner of The Springs at Borrego RV Resort, Dan Wright is a past president of CalARVC and past board member of ARVC. Dan will stay on as General Manager. The sale of the roadrunner Club and The Springs RV Resort located at 1010 Palm Canyin Drive and 2255 DI Giorgio Road in Borrego

Sacramento Business Journal

Affiliates of Sacramento-based Boavida Communities LLC and Cascade Corporate Management recently purchases upscale recreational vehicle and mobile home parks in San Diego Country for $27 million. The Roadrunner Club at Borrego LP,  a private equity pooled investment fund, raised $6.7 million for part of the purchase of the Roadrunner Club. Click here to view full

Sacramento Business Journal

Boavida Group’s recent round of new investments in mobile home and RV parks includes a local acquisition on north highlands. Company founder and owner Eli Weiner said Boavida already owns the neighboring park to the new purchase, which is at 5050 Roseville Road. So it made sense when Natomas-based Boavida acquired McClellan Mobile Home &