MHProNews.com has learned from heraldtribune.com a subsidiary of Equity LifeStyle Properties, Inc. (NYSE:ELS) paid $35.8 million to acquire 850 homesites covering 143.5 acres to expand its Colony Cove community in Manatee County, Florida. Equity LifeStyle purchased the 55+Colony Cove manufactured home community comprised of 2,211 homesites for $53.4 million in 2011. ELS, a real estate investment trust (REIT), is the largest owner of manufactured home and recreational vehicle communities in North America, with over 370 properties comprised of almost 140,000 homesites. ##

(Photo credit: Equity LifeStyle Properties, Inc.)