Berkadia Negotiates Record Sale of Two Manufactured Housing Communities in Bozeman, Montana
Bozeman, Montana – May 19, 2026 – Berkadia, a distinguished leader in the commercial real estate industry, today announced the sale of King Arthur and Mountain Meadows, two manufactured housing communities totaling 338 sites in Bozeman, Montana.
Director Hunter LaRocca, along with Senior Managing Director Kevan Enger, Managing Director Ian Hilpl and Director Brian Hummell of Berkadia Manufactured Housing, led the transaction on behalf of the seller, The Oakland Companies, owned for 40+ years by Montana real estate developer and well-respected philanthropist Gary Oakland. Over the past five years, Berkadia’s Manufactured Housing team has represented Oakland Communities in the sale of its final eight manufactured housing communities, totaling approximately 1,400 sites, with King Arthur and Mountain Meadows serving as the last and most prized assets in the portfolio.
King Arthur and Mountain Meadows will be managed by San Diego-based Cabrillo Management Corporation as an agent for the new ownership entity. The properties were 100% occupied at the time of sale.
“King Arthur and Mountain Meadows represented a rare opportunity to acquire two of the most sought-after manufactured housing communities in Bozeman, one of the most desirable markets for manufactured housing investment in Montana,” said the Berkadia team. “The transaction set a new state record for the highest price per site ever achieved for a manufactured housing community in Montana, underscoring the quality of these assets led by the stewardship of Oakland Communities and the strong investor demand for well-located communities in high-growth markets.”
The communities include 338 manufactured housing homesites, 26 storage units, one site-built home and one retail unit. Together, they represent approximately 30% of Bozeman’s total mobile home park inventory.
King Arthur is located at 81 Gallahad Way, and Mountain Meadows is located at 1 Eastwood Drive. Bozeman’s rapid growth and housing affordability challenges have made manufactured housing one of the few remaining affordable options for residents priced out of homeownership and conventional rentals. The city remains one of Montana’s fastest-growing markets, supported by Montana State University, an expanding tech and outdoor recreation economy, and continued in-migration from higher-cost markets.
Berkadia Manufactured Housing delivers best-in-class, vertically integrated mortgage banking, investment sales, and advisory services to owners and investors of manufactured home communities and RV resorts. Backed by decades of experience and trusted partnerships, Berkadia Manufactured Housing offers customized solutions to meet our clients’ unique investment goals. Whether financing a new acquisition, refinancing an existing property, or exploring investment opportunities, Berkadia Manufactured Housing is there to guide them with unparalleled expertise and a commitment to client success.