CBRE Arranges $62 Million Sale of Colorado’s Highest-Priced Manufactured Housing Community

CBRE has arranged the sale of Denver Cascade, a 382-space manufactured home community in Denver, Colorado. The property sold for $62 million, 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.

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.

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.

“We’re grateful for the opportunity to leverage our expertise in the manufactured housing space to spearhead the sale of the Denver Cascade community," said CBRE's Edwards. "It was a mutually beneficial result for both buyer and seller which was critical to CBRE given the relationships we have fostered over the years with both sides.”

The $62 million 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.

CBRE navigated the complexities of Colorado’s tenant right of first refusal laws, ensuring residents were given the opportunity to purchase the property before the sale proceeded. Through close collaboration with all parties, the team facilitated a transparent process, underscoring CBRE’s commitment to ethical practices and equitable outcomes.