Three Pillars Communities

What Three Pillars Communities does

Three Pillar Communities is a vertically integrated manufactured housing investment company that acquires, operates, and develops manufactured housing communities across the United States. Founded in 2017 by Daniel Weisfield and Yoel Kelman, the company has scaled to more than 110 communities across 16 states, serving over 10,000 residents with average lot rents of roughly $687 per month — materially below conventional apartment rents of $1,400–$2,800 per month in the same markets. The operating platform spans acquisitions, property operations, manufactured home sales (via the Amber Homes dealership), third-party management services, and ground-up development through Three Pillar Development LLC.

The company monetizes the asset class through five distinct revenue streams: recurring monthly lot rent from residents who own their homes, one-time home sales through the licensed Amber Homes dealership, third-party management fees for outside park owners (including parks in Ennis and Joshua, TX), investment fund management fees and carried interest via Fund I (9 assets across 6 states) and Fund II, and transaction gains from acquiring undervalued communities and exiting after value-add execution (e.g., Foothills Solar sold for $11.45M after a $6M basis, Tulare Royal Palms sold for $10.2M after a $5.5M basis). Underlying technology includes a Rent Manager digital rent collection system that supports unbanked residents, real-time water consumption monitoring for leak detection, solar carport and ground-mounted installations that generate federal Investment Tax Credits, and Generac propane backup generators — a combination designed to reduce operating expense and stabilize NOI across the portfolio. The capital stack is supported by debt financing relationships with Berkadia (Fannie Mae and Freddie Mac executions) and an accredited investor base reached through direct syndication, an investor portal, and thought-leadership content.

Name

Three Pillars Communities

Legal name

Three Pillar Communities, LLC

Website

https://www.threepillarcommunities.com/

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

51–100 employees

Short description

Three Pillar Communities is a vertically integrated manufactured housing investment company that acquires, operates, and develops affordable mobile home communities across 16 US states, serving low-to-moderate income residents and accredited real estate investors.

Ownership category

akta.pro rank

Product category

Manufactured Housing Real Estate Investment & Operations

NAICS

Residential Building Construction (2361), Land Subdivision (2372)

SIC

Real Estate Dealers (For Their Own Account) (6532), Land Subdividers & Developers (No Cemeteries) (6552), Real Estate (6500)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

akta.pro secondary industry

Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB)

Keywords

• Manufactured housing communities
• Affordable housing investment
• Mobile home park operations
• Property management services
• Real estate fund management

Headquarters

HQ city

Los Altos

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Others

Revenue model

1. Lot Rent: Monthly lot rent from manufactured housing community residents. Residents own their homes but pay lot rent for the land. Rents at market rates, typically significantly below conventional apartment rents.
2. Home Sales: Sale of manufactured homes to consumers through Amber Homes, the company's affiliated manufactured home dealership. Homes include energy-efficient units with modern amenities starting from approximately $70,000.
3. Third-Party Management: Management fees from operating manufactured housing communities for other property owners. Three Pillar Communities manages parks for other community owners as a service offering.
4. Investment Fund Management: Raised Fund I with 9 assets geographically diversified across 6 states. Planning Fund II launch. Generates management fees and carried interest from investor capital.
5. Property Acquisitions and Exits: Acquiring undervalued manufactured housing communities, executing value-add strategies, and selling appreciated properties for realized gains. Examples: Foothills Solar sold for $11.45M (purchased for $6M), Tulare Royal Palms sold for $10.2M (purchased for $5.5M).

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels8 records

Core offering

Three Pillar Communities is a vertically integrated manufactured housing investment company that acquires, operates, and develops manufactured home communities and RV parks across the United States. It owns 110+ communities serving more than 10,000 residents in 16 states, sells manufactured homes through the affiliated Amber Homes dealership, manages parks for third-party owners, and offers investment exposure through dedicated real estate funds.

Product overview

Three Pillars Communities operates manufactured housing communities and RV parks across the United States. The core product is manufactured housing communities (mobile home parks), with a portfolio of over 110 communities across 16 states. The company also operates RV parks, develops new communities like Cameron Crossing, runs the Amber Homes manufactured home dealership, manages properties for third parties, and offers investment opportunities through funds. Individual community case studies include Tierra Linda, Holly Court, Foothills Solar, Meadowlands Estates, Fairplay, Renton Highland Manor, and Tulare Royal Palms.

Differentiator

Problem solved

Functional benefit

Brands

• Amber Homes: Manufactured home dealership operated by Three Pillar Communities
• Cameron Crossing
• Blue Sky Estates

Products and services

• Manufactured Housing Communities Portfolio Owns and operates 110+ manufactured housing communities (mobile home parks) across 16 states, serving more than 10,000 residents. Residents own their homes and pay monthly lot rent for the land.
• RV Parks Operates RV park communities offering short-term and long-term recreational vehicle accommodations, including Lafayette RV Community in Oregon, RV Retreat at Johnson's Corner in Colorado, and Shaded Haven RV Park in Bakersfield, CA.
• Amber Homes Dealership Licensed manufactured home dealership selling new energy-efficient homes (Fleetwood and Skyline models) directly to consumers and for installation in company-owned communities. Homes include modern amenities with stainless steel appliances, walk-in closets, and two-car garages.
• Third-Party Property Management Professional property management services for other manufactured housing community owners, including a 57-unit park in Ennis, TX and an 87-unit park in Joshua, TX.
• Manufactured Housing Investment Funds (Fund I / Fund II)

Quantifiable outcome

• 58% IRR before tax benefits (Meadowlands Opportunity Zone)
• +7 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core.

• Dean Warhaft / Warhaft GroupcoreStrategic or Co-development PartnerJoint venture partner for new park development through Three Pillar Development, LLC (founded 2021). Dean Warhaft is a master developer with experience across single-family subdivisions to high-rise developments. Leading Cameron Crossing development in Bozeman, MT with 260 homes.
• McKinsey & CompanycoreStrategic or Co-development PartnerDaniel Weisfield worked with McKinsey Global Institute to author major report on closing California's housing gap. Daniel co-authored report with Jonathan Woetzel and Shannon Peloquin published in LA Times addressing housing shortage solutions.
• Amber Homes (Manufactured Home Dealership)coreStrategic or Co-development PartnerCompany's affiliated manufactured home dealership selling homes to consumers. Full responsibility under Director of Manufactured Home Sales. Provides synergy with parks business through home sales into company-owned communities.
• Community Management Group (CMG)coreStrategic or Co-development PartnerPartner in RV park acquisitions. Three Pillar and CMG acquired Shaded Haven RV Park in Bakersfield, CA in early 2021 with plans to beautify, improve, and hold as long-term investment.
• WGP Property ManagementcoreStrategic or Co-development PartnerManagement arm of Three Pillar Communities. COO Corey Wikstrom mentioned as COO of WGP. Company uses WGP Indeed page for job postings. Regional managers and community managers operate under WGP structure.

Scale indicators15 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Sun Communities: Sun Communities is the largest publicly traded manufactured housing and RV REIT in the US, operating over 150,000 sites. It is the dominant institutional incumbent in the same asset class as Three Pillar, with far greater scale, capital access, and geographic footprint, but serves a more diversified and upper-tier resident base.
• Equity LifeStyle Properties: Equity LifeStyle Properties (ELS) is a publicly traded REIT operating manufactured housing communities and RV resorts across the US. It directly overlaps with Three Pillar's MH and RV parks business but operates at substantially greater scale with a more leisure-oriented resident mix.

Direct peers

• UMH Properties: UMH Properties is a publicly traded REIT focused on manufactured housing communities, with a portfolio of over 90 communities in the Northeast and Midwest. It is the most directly comparable pure-play MH peer to Three Pillar in business model and resident demographic, though it operates as a public REIT versus Three Pillar's private fund structure.
• Flagship Communities REIT: Flagship Communities REIT is a publicly traded Canadian REIT focused exclusively on US manufactured housing communities. Its business model — acquiring, owning, and operating MH communities serving workforce residents — closely mirrors Three Pillar's value-add MH strategy, though at smaller scale.
• RHP Properties: RHP Properties is one of the largest privately held manufactured housing community operators in the US, with a portfolio of over 360 communities across 25 states. It is a direct private peer to Three Pillar with similar acquisition, management, and value-add strategies.
• YES Communities: YES Communities is a privately held manufactured housing owner and operator backed by Stockbridge Capital Group. It is a direct competitor in the institutional MH space, operating a similar value-add acquisition strategy across multiple states.
• Investment Property Group: Investment Property Group is a privately held operator of manufactured housing communities across the Western and Southern US. It is a direct peer in the same MH acquisition, operations, and development space as Three Pillar, with comparable geographic exposure.

Emerging players

• Newport Pacific Capital Partners: Newport Pacific Capital Partners is a private real estate investment firm that has acquired manufactured housing communities. It is a smaller, emerging MH-focused operator with a value-add strategy comparable to Three Pillar's, though with a narrower portfolio and regional focus.

Others

• Greystar Real Estate Partners: Greystar is the largest multifamily property management company in the US. While it does not focus on manufactured housing, it shares adjacency as a large-scale residential property management operator and is a known previous employer of Three Pillar's VP of Operations, signaling overlap in talent and operating practices.
• JLL (Jones Lang LaSalle): JLL is a global real estate services and investment firm with multifamily and affordable housing practice areas. It is adjacent rather than directly competitive, but provides valuation, capital markets, and advisory services relevant to Three Pillar's institutional MH fund strategy and acquisition sourcing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/danielweisfield
• LinkedInlinkedin.com/company/three-pillar-communities-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles26 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Three Pillars Communities