Wisely Commercial Realty

Wisely Commercial Realty, Inc. is a boutique Indiana brokerage firm specializing in the sale of manufactured housing communities. Its brokers are also owners and operators, and the firm consults clients on running a community as well as handling the transaction.

Listings are published with asking price, price per site, cap rate, and number of spaces. The firm says clients get access to information that goes beyond the sale, and that service after the sale helps new buyers through the learning curve of managing a community for the first time. It has also prepared bank receiverships for sale.

The principal broker bought his first mobile home park in Kokomo, Indiana in 1994, has brokered manufactured housing communities since 2006, and is a member of the Indiana Manufactured Housing Association. The firm states its company owns and operates over 1,500 sites; the principal broker owns and operates 10 manufactured housing communities totalling 494 lots and says he has historically maintained at least a 93% occupancy rate, while another broker-owner operates over 500 units across communities and apartments and has overseen acquisitions of more than 2,500 units throughout the Midwest. One broker also holds a dealership license for ordering new manufactured homes on a client's behalf.

The office is in Westfield, Indiana and the site describes the firm's market as Indiana. Confirm coverage before listing a community in a neighbouring state, and ask how commission is structured, since fees are not published.