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12/18/24
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Denver Cascade, a 382-space manufactured home community in Denver, sold for $62 mil ($162.3k/space), making it the highest-price manufactured housing community (MHC) sale in Colorado’s history and the largest non-coastal MHC transaction in the U.S. in 2024.
Located at 9650 Federal Blvd, Denver Cascade spans 48 acres and 382 home sites in the Denver metro area. Its central location provides residents easy access to local amenities, schools, and transit.
Norm Sangalang, Erik Edwards, Jon Shay, Jez Lawson and Myles McGinnis with CBRE’s Manufactured Housing & RV Resorts team represented the seller, Denver Cascade LLC, in the transaction.
“This sale not only represents a milestone for Denver’s housing market, but also reinforces the growing value of manufacture housing communities as a critical component of the nation’s housing landscape,” said CBRE’s Shay.
The $62 mil sale sets a new precedent for the manufactured housing market, emphasizing the sector’s continued strength and resilience. As demand for affordable housing surges across the U.S., this transaction reflects growing investor confidence in the stability and long-term growth of manufactured housing communities. Ranking as 2024’s highest-priced MHC sale outside Malibu, Denver Cascade stands as a testament to the opportunities in this evolving housing market.
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