MSP Invests in Manufactured Housing Operating Company and Forms Joint Venture with Large Pension Fund

MSP and Cove Communities formed a partnership to acquire, own and operate manufactured home and RV resort communities concentrated in retirement destinations and in major metropolitan areas of the United States and Canada. The MSP/Cove partnership was formed with the intention of investing as a general partner and subsequently sourced a large pension plan to invest programmatically alongside as a limited partner. The Partnership collectively has committed up to $850 million of equity to the investment program.