Communities

Sunday Morning Recap-Manufactured Housing Industry News March 27-April 3, 2016

By / April 2, 2016 / Advocacy, Business, Canada, Communities, Company News, Economy, Factory-Built Homes, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, regulation, RV, Stocks, Trends

What’s New in public focused Manufactured HomeLivingNews.com Realtors and Builders Warm Up to the Wonders of Manufactured Housing What’s New in Manufactured Housing Industry Professional News MA town wants exemption from state’s 40B ruling. Sun Communities to expand King’s Court MHC. Fannie Mae funds $5MM refi of MHC. New MHProNews …

Sunday Morning Recap-Manufactured Housing Industry News March 27-April 3, 2016 Read More

Sun Communities Stock Popular with Hedge Funds

By / April 1, 2016 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV, Stocks

According to sfhfm, hedge fund Principal Financial Group Inc. increased its stake in Sun Communities, Inc. (NYSE:SUI) by 12.6 percent during Q4 2015, buying 221,370 shares of Sun stock, and now owns 1,981,842 shares of the real estate investment trust’s stock valued at $135,816,000. GW&K Investment Management acquired a new …

Sun Communities Stock Popular with Hedge Funds Read More

Fannie Mae Funds $5M Refi of Napa Olympia MHC in Calif.

By / April 1, 2016 / Business, Communities, Company News, Finance, Manufactured and Modular Housing News, Manufactured Homes

Capital One Multifamily informs MHProNews that it arranged a $5.0 million Fannie Mae 30-year term fixed-rate loan to refinance the Napa Olympia Mobile Lodge in American Canyon, Calif. Marking their 11th Fannie Mae transaction with Capital One, the owners acquired the property in 2005 with a ground lease in place. …

Fannie Mae Funds $5M Refi of Napa Olympia MHC in Calif. Read More

Sun Communities Files to Expand King’s Court Manufactured Home Community

By / April 1, 2016 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, Zoning

Garfield Township, Michigan planning commissioners will hold a public hearing April 13 regarding Sun Communities, Inc.’s (NYSE:SUI) request to rezone two parcels of land from agricultural to manufactured home community. The 37-acre expansion south of King’s Court will provide home sites for 158 additional homes, according to what Bob Schmude …

Sun Communities Files to Expand King’s Court Manufactured Home Community Read More

UMH Properties to Release Q1 Financials

By / March 30, 2016 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has learned from prnewswire that manufactured home community (MHC) owner UMH Properties, Inc. will release first quarter 2016 financial results after the market closes on Mon., May 9, 2016, followed by a conference call to discuss the results the next day, Tue., May 10 at 10:00 AM eastern standard …

UMH Properties to Release Q1 Financials Read More

100th Manufactured Home Sited on Pine Ridge Reservation

By / March 30, 2016 / Communities, Manufactured and Modular Housing News, Manufactured Homes

MHProNews last posted a story Oct. 14, 2015 regarding FEMA manufactured homes (MH) arriving at Ellsworth Air Force Base in South Dakota, as a staging area to distribute them to flood victims from May 2015 storms on the Pine Ridge Indian Reservation. A major milestone has been reached with the …

100th Manufactured Home Sited on Pine Ridge Reservation Read More

Land Lease Community Owner running for Maine Senate

By / March 30, 2016 / Communities, Manufactured and Modular Housing News, Manufactured Homes

Guy Lebida, owner and manager of the Bowdoin Pines Mh Park in Bowdoin, Maine, is running for the Maine Senate, District 23, representing Sagadahoc County and Dresden. A Republican, if elected he would focus on welfare reform, decreasing energy costs and lowering taxes, according to centralmaine. According to a news …

Land Lease Community Owner running for Maine Senate Read More

Manufactured Home Community may Expand to Increase Affordable Housing

By / March 30, 2016 / Business, Communities, Company News, Factory-Built Homes, Legal, Manufactured and Modular Housing News, Manufactured Homes, Modular

Several possibilities are being bandied about in an attempt to increase affordable housing in the middle Roaring Fork Valley around Basalt, Colorado, just northwest of Aspen. One project that complies with Basalt’s affordable housing requirements envisions 60 small single-family homes and 96 multi-family units in four separate buildings. Meanwhile, the …

Manufactured Home Community may Expand to Increase Affordable Housing Read More

Manufactured Home Community Celebrates 30 Years with Original Residents

By / March 28, 2016 / Communities, Manufactured and Modular Housing News, Manufactured Homes

The Vantage Glen manufactured home community (MHC) in Renton, Washington is celebrating its 30th anniversary this month, as rentonreporter tells MHProNews, with some of the original residents in attendance. Developed and still managed by the King County Housing Authority (KCHA), at the time the award-winning 164-home site MHC was considered …

Manufactured Home Community Celebrates 30 Years with Original Residents Read More

Sunday Morning Recap-Manufactured Housing Industry News March 20-March 27, 2016

By / March 26, 2016 / Advocacy, Business, Communities, Company News, Economy, Factory-Built Homes, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, regulation, RV, Stocks, Trade Shows, Trends

What’s New in public focused Manufactured HomeLivingNews.com What Others Say about Sunshine Homes, Manufactured/Modular Homebuilder Tragedy and Triumph – Widow shares her Celebration of Manufactured Home What’s New in Manufactured Housing Industry Professional News Tunica was tremendous, say attendees. Proposal would merge Fannie, Freddie. MHC to receive free wastewater system. …

Sunday Morning Recap-Manufactured Housing Industry News March 20-March 27, 2016 Read More

Manufactured Home Community to Receive Free Wastewater Treatment System

By / March 24, 2016 / Awards, Communities, Manufactured and Modular Housing News, Manufactured Homes

Attempting to prevent the effluents from a manufactured home community on Long Island, NY from further polluting the Peconic Estuary, Suffolk County Executive Steve Bellone announced a competitive grant for one of the 19 communities located within the Peconic Estuary Program Groundwater Watershed. According to longislandexchange, the winning community will …

Manufactured Home Community to Receive Free Wastewater Treatment System Read More

Passages: Margaret Dubil

By / March 24, 2016 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, People

Word has come from Joe Kelly of the IAMHA that Margaret Dubil, owner/operator of the Glendale Mobile Home Park in Bettendorf, Iowa has passed away at the age of 99. A member of IAMHA for many decades, she was very supportive of the organization’s efforts. A world traveler and Gray …

Passages: Margaret Dubil Read More

Zeman’s $9 Million Loan Acquires three MHCs in Michigan

By / March 23, 2016 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes

Three manufactured home communities (MHC) have landed in the portfolio of Zeman Homes as the result of a $9 million Associated Bank loan in the Ann Arbor area of Michigan, according to what rebusinessonline tells MHProNews. Wagon Wheel in Canton, MI, Wagon Wheel South in Belleville and Carleton Mobile Home …

Zeman’s $9 Million Loan Acquires three MHCs in Michigan Read More

MHC Owner wants Rent Hike in order to Sell Community

By / March 23, 2016 / Business, Communities, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes

Morgan Management, the owner of the Allendale Pines manufactured home community (MHC) in Pittsfield, Mass., wants to raise rents by $70/month to pay for improvements to the community in advance of selling it to a group represented by James Baldyga of Springfield, MA. Two dozen residents of the community attended …

MHC Owner wants Rent Hike in order to Sell Community Read More

Sun Communities Raising Funds to Pay for Carefree Acquisition

By / March 23, 2016 / Business, Communities, Company News, Finance, Manufactured and Modular Housing News, Manufactured Homes, RV

MHProNews has learned from euroinvestor that Sun Communities, Inc. (NYSE:SUI) has issued an underwritten public offering of 4,000,000 million shares of its common stock, with a 30-day option for the underwriters to purchase up to 600,000 additional shares. Sun intends to use the funds for its previously announced $1.68 billion …

Sun Communities Raising Funds to Pay for Carefree Acquisition Read More

Sun Acquires Carefree Communities

By / March 22, 2016 / Business, Canada, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV

Headquartered in Southfield, Michigan, Sun Communities, Inc. (NYSE:SUI) is acquiring Carefree Communities Inc. from Centerbridge Capital Partners II, LP for $1.68 billion in aggregate, which includes $1.655 billion for the communities, $16.0 million for manufactured homes and park models, and $9.0 million for a community recently acquired by Carefree. Additionally, …

Sun Acquires Carefree Communities Read More

Investment Writer Touts Financial Performance of MHCs

By / March 22, 2016 / Business, Communities, Economy, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Stocks, Trends

Writing in seekingalpha about investing in real estate investment trusts (REITs), Brad Thomas, noting the importance of housing to the overall economy, says following housing trends can lead to wise investing in the market. In particular, the manufactured housing market offers opportunity for REIT investors to outperform the overall market. …

Investment Writer Touts Financial Performance of MHCs Read More

City Council Approves MHC Expansion in Minnesota

By / March 22, 2016 / Business, Communities, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has learned from thinkstewartville that the Stewartville, Minnesota City Council unanimously approved a conditional use permit for the expansion of Northridge Estates manufactured home community (MHC) by 71 home sites. Owned by Sun Communities, Inc., (NYSE:SUI) the 12.75-acre land will be home to a mix of single-section and multi-section …

City Council Approves MHC Expansion in Minnesota Read More

2016TunicaShowSeminarsMarch22nd1PMCT-postedMHProNews-com-

Frank Rolfe, Dick Moore’s Bob Crawford! MH Lenders! SuperCharged MH Marketing+Sales! Tuesday in Tunica!

By / March 21, 2016 / Communities, Finance, Manufactured and Modular Housing News, Manufactured Homes, Trade Shows

Starting at 1 PM CT on Tuesday, March 22, the 2016 Tunica Manufactured Housing Show will welcome attendees to the Standing Room Only Seminar, Panel discussions and MH business- building workshops. Held in the Resorts Hotel and Casino, all registered Tunica Show attendees can come at no charge to hear three profits-geared, information-packed …

Frank Rolfe, Dick Moore’s Bob Crawford! MH Lenders! SuperCharged MH Marketing+Sales! Tuesday in Tunica! Read More

Shares of UMH Properties Hit New High

By / March 20, 2016 / Business, Communities, Company News, Finance, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has learned from fidaily that the common stock of UMH Properties, Inc. (NYSE:UMH) reached a 52-week high of $10.79 on Friday, March 18 before slipping -0.58 and ending at $10.07. The company recently declared a quarterly dividend of $0.18 per share, representing an annualized payment of $0.72 to shareholders …

Shares of UMH Properties Hit New High Read More

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