The soaring cost of existing single-family homes and consumers' love affair with self-storage has led Patriot Holdings to launch Patriot Fund II, to be used to acquire manufactured housing, self-storage, and industrial facilities across the US.
According to data from the National Association of Realtors, the median price of an existing single-family home rose 23% from a year ago, representing the largest increase on record. This is causing surging demand for the affordable housing provided by manufactured housing communities.
Similarly, the US self-storage market is a booming $22 billion industry, with 1-in-10 households now paying for self-storage at an average amount of $87/month.
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