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

Todd Fletcher co-founded ARA Newmark’s Manufactured Housing and RV Park Group and is a member of the Manufactured Housing Institute (MHI). Partnering with Andrew Shih, Mr. Fletcher marketed and closed the largest brokered deal in the MH/RV 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. During his tenure with ARA Newmark, Mr. Fletcher has closed over 115 deals totaling about $950 million.

Mr. Fletcher brings significant transaction experience to the group. Prior to joining ARA Newmark, Mr. Fletcher was with Hometown America in Chicago, IL. He helped grow them to one of the largest privately held owners and operators of manufactured housing communities (127 communities with over 48,000 home sites). He spent almost four 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. Mr. Fletcher was also a key member in Hometown’s take-private $2.3B merger with Chateau Communities. While at Stockbridge Real Estate Funds, Mr. Fletcher was involved with the Yes! Communities joint venture, 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.

Mr. Fletcher holds a BBA in Finance from the University of Colorado at Boulder 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.

Braden Weaver - Financial Analyst
512-637-1221

Austin, TX

braden.weaver@aranewmark.com

Braden Weaver is a financial analyst for ARA Newmark’s Manufactured Housing and RV Park Group. Mr. Weaver is responsible for financial analysis, underwriting, and comprehensive market research of manufactured housing and RV communities nationwide. He is actively involved throughout the entire disposition process from creation of marketing materials to assistance through due diligence.

Prior to joining ARA Newmark, Mr. Weaver worked an internship at SkylesBayne Company where he conducted market research, assisted brokers in drafting leases and listing agreements, and spearheaded outreach initiatives through cold calling. He later interned at Stonegate Capital Partners where his primary responsibilities included market research, financial analysis, and organization of clientele information. He earned a Bachelor of Business Administration in real estate and marketing from University of Georgia’s Terry College of Business.