MHProNews has been informed by virtual-strategy.com an affiliate of Capital Square Realty Advisors, LLC has acquired three manufactured housing communities consisting of 1,141 home sites in Indiana and Ohio. The largest community is Timberbrook in Bristol, Indiana with 567 homesites set on 103 acres. Woodlake-Summerdale, located in Yoder, IN is comprised of 338 homesites sitting on 65 acres, and the third property, Byrne Hill in Toledo, Ohio has 236 homesites on 34 acres. All three communities have recreational and social facilities, as well as on-site management. Capital Square Realty Advisors and Capital Square Management are both subsidiaries of Capital Square Holdings, LLC of Richmond, Virginia, which manages multi-family housing units and other commercial properties. In a phone call from the company MHProNews learned the company typically does not disclose terms of its acquisitions.
