Corporate investors and private equity firms are buying up mobile home parks across the country. In Colorado, one community recently found out their park is for sale for $44.5 million.
After years of trying different strategies, one private equity backed company has decided its best, and maybe only, option is to turn its 11 hospitals back into nonprofits.
“I don't think it'll be a bumpy year, but there won't be as much growth as we anticipated,” said Laurie Stewart, CEO and president of Sound Community Bank in Seattle, Washington.
The private credit market has grown fivefold since the 2008 financial crisis, according to the Federal Reserve, and now sits somewhere near the $2 trillion-mark globally. In the last couple weeks, though, the market has gone a bit sideways.
The youth sports industry has amassed an estimated market value of $40 billion according to the Aspen Institute. Private equity has taken notice and is ready to play ball.