Which of the following is an example of a specialty investment strategy?

A specialty investment strategy typically refers to a niche investment approach that focuses on specific types of properties or markets that may require specialized knowledge or offer unique opportunities. Mobile home parks are considered a specialty investment strategy because they represent a unique segment of the real estate market, often characterized by lower operating costs and a targeted demographic for renters.

Investing in mobile home parks can provide distinct advantages, such as higher yields and occupancy rates compared to traditional apartment buildings, due to the lower cost of living for tenants. This niche requires specialized management knowledge and understanding of zoning laws, community relationships, and park operations, which differentiates it from more conventional real estate investments.

In contrast, the other options—purchasing real estate in socially sensitive areas, foreign real estate investments, and trophy property purchases—tend to be broader strategies or focus on more mainstream aspects of real estate and may not require the same level of specialized knowledge or targeted approach as investing in mobile home parks. They may appeal to different investor motivations or market conditions but do not encapsulate the unique attributes associated with a specialty investment strategy as strongly as mobile home parks do.