Todd Fletcher co-founded Newmark Knight Frank's Manufactured Housing and RV Park Group and is a member of the Manufactured Housing Institute (MHI). Partnering with Andrew Shih, Mr. Fletcher marketed and closed the largest brokered deal in the MH/RV industry with the sale of 16 assets totaling 5,911 home sites across four states to a newly formed private REIT, with a total deal size in excess of $330 million. During his tenure with Newmark Knight Frank, Mr. Fletcher has closed over 125 deals totaling about $1.05 billion.
Mr. Fletcher brings significant transaction experience to the group. Prior to joining Newmark Knight Frank, Mr. Fletcher was with Hometown America in Chicago, IL. He helped grow them to one of the largest privately held owners and operators of manufactured housing communities (127 communities with over 48,000 home sites). He spent almost four years with Hometown where he was directly responsible for 12 acquisitions totaling $350M, the refinancing of almost $550M of assets, and the disposition of 30 non-core assets totaling $150M. Mr. Fletcher was also a key member in Hometown’s take-private $2.3B merger with Chateau Communities. While at Stockbridge Real Estate Funds, Mr. Fletcher was involved with the Yes! Communities joint venture, created to acquire Clayton Homes’ 67 property, 18,500 site manufactured housing community portfolio located in 19 states. His prior experience also included an asset management role with RREEF.
Mr. Fletcher holds a BBA in Finance from the University of Colorado at Boulder where he was the captain and coach of the Freestyle Ski Team. Prior to moving to Colorado for college, Mr. Fletcher was born and raised on a family owned and operated dairy farm in central California.