Costar reports that UMH Properties, Inc. acquired three manufactured home communities. Trailmont is located at 1341 Dickerson Pike in Goodlettsville, TN; Shady Hill located at 1508 Dickerson Pike in Nashville, TN; and Countryside Village at 200 Early Rd. in Columbia, TN, for $13.3 million, or about $19,200 per home site. The three manufactured home communities consist of 110 acres and total 693 combined home sites. The properties are located in the West, Rivergate/Hendersonville, and Maury County submarkets.
(Editor’s note: UMH Properties is a publicly traded company tracked by the market reports in our Daily Business News here at MHProNews.com.)
(Graphic credit: UMH Logo)