A HOSTAGE STRATEGY FOR HOUSING INVESTMENT?

The report details TPG Capital's acquisition of 78 manufactured home communities for $387 million, managed by Strive Communities (formerly RVHorizons). It highlights predatory management practices, including aggressive rent increases and the exploitation of residents' limited mobility, which have drawn scrutiny from US lawmakers. Additionally, the document notes TPG's role in foreclosing on homeowners in Puerto Rico following Hurricane Maria.

• Between 2018 and 2019, TPG Capital became the top purchaser of manufactured home communities, acquiring 78 properties for $387 million across 14 US states, including Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Minnesota, Missouri, Nebraska, North Dakota, Texas, Virginia, West Virginia, and Wisconsin.
• Management at Strive Communities (formerly RVHorizons) and Mobile Home University (MHU) explicitly view the inability of residents to afford the cost of moving mobile homes as a means to increase profits through rent hikes, describing residents as being held 'hostage'.
• Residents in TPG-owned and Strive-managed communities have reported significant rent and fee increases. In Urbana, Illinois, some residents saw lot rent and fees increase by over 25% to nearly $300 a month; in Austin, Texas, one family's rent more than doubled after the acquisition of North Lamar Mobile Home Park.
• In May 2019, US Senator Elizabeth Warren and Representative Dave Loebsack sent a letter to TPG Capital questioning its predatory management practices and the exploitation of low-income residents' limited economic mobility to boost profits.
• Following Hurricane Maria in 2017, TPG Capital affiliate Roosevelt Cayman Asset Co was involved in more than 300 active foreclosure cases in Puerto Rico, facing criticism for ignoring federal moratoria and sending documents in English rather than Spanish.

APA

Sorensen, P. (2020). A HOSTAGE STRATEGY FOR HOUSING INVESTMENT? Private Equity Stakeholder Project. https://pestakeholder.org/wp-content/uploads/2020/03/A-Hostage-Strategy-for-Housing-Investment-TPG-RVHorizons-031620.pdf

Chicago

Sorensen, Pilar. A HOSTAGE STRATEGY FOR HOUSING INVESTMENT? Private Equity Stakeholder Project, 2020. https://pestakeholder.org/wp-content/uploads/2020/03/A-Hostage-Strategy-for-Housing-Investment-TPG-RVHorizons-031620.pdf.

Wikipedia

{{cite report |last1=Sorensen |first1=Pilar |title=A HOSTAGE STRATEGY FOR HOUSING INVESTMENT? |publisher=Private Equity Stakeholder Project |date=March 2020 |url=https://pestakeholder.org/wp-content/uploads/2020/03/A-Hostage-Strategy-for-Housing-Investment-TPG-RVHorizons-031620.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{sorensen2020hostage, author = {Sorensen, Pilar}, title = {{A HOSTAGE STRATEGY FOR HOUSING INVESTMENT?}}, institution = {Private Equity Stakeholder Project}, year = {2020}, month = mar, url = {https://pestakeholder.org/wp-content/uploads/2020/03/A-Hostage-Strategy-for-Housing-Investment-TPG-RVHorizons-031620.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }