Vista Del Rio Mobile Park Sells for $30 Million
The 213-home community transitions to new ownership, ending residents' efforts to buy the property.
Updated on Oct. 28, 2026 in Residential
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Desimone Enterprises LLC has acquired the Vista Del Rio Mobile Park in Vancouver for $30 million. The sale of the 213-home community concludes five decades of ownership by the Nielsen family, following a failed attempt by residents to purchase the park themselves.
Why it matters
The sale highlights the ongoing shift in manufactured home community ownership toward investment firms, as residents face increasing difficulty in securing local control of their housing. This transition can impact long-term housing stability and affordability for the residents who sought to preserve the park as a place to age in place.
Desimone Enterprises LLC purchased the 213-home community for $30 million. This sale aligns with a broader trend where investors accounted for 23 percent of manufactured home park acquisitions between 2020 and 2021.
The players
Desimone Enterprises LLC
A Seattle-based real estate investment and property management company that acquires residential mobile home communities.
Nielsen family
The private owners who operated the Vista Del Rio community from 1978 until its sale in 2026.
The details
The acquisition by the Seattle-based management firm follows an unsuccessful attempt by community residents to buy the park in 2024 using the provisions of Washington Senate Bill 5198. That law, which took effect in July 2023, was intended to help residents organize and purchase their communities when they go up for sale. Despite these efforts, the property transitioned to commercial ownership, ending the 48-year tenure of the Nielsen family.
Timeline
The park was developed and opened in 1978.
Investors purchased 23 percent of manufactured home parks between 2020 and 2021.
Washington Senate Bill 5198 took effect in July 2023.
Residents attempted to purchase their park in 2024.
The sale of the park closed in October 2026.
Money Landscape
The sale of Vista Del Rio reflects a period where private equity and investment firms have become significant participants in the manufactured housing market. This trend complicates the efforts of long-term residents to control housing costs through tenant-led acquisitions.
Residents living in the community should review their current lease agreements and prepare for potential management shifts or rent adjustments under new ownership. Consult with a housing advocate or legal professional to understand your rights under the existing lease and state law.
The takeaway
The transition of mobile home parks to institutional investors often signals potential changes in rent structures and operational rules. Residents should document current lease terms and monitor any upcoming communications from the new ownership for changes to fees or service agreements.
Further reading
Learn more about local ownership trends in our Residential section.
Source note: This article includes information reported by The Columbian.
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Should local governments restrict corporate purchases of manufactured home parks to protect resident housing stability?
