MHProNews has been informed that Capital One’s Damon Reed, Senior Vice President and Director of MHC Finance for the Multifamily Division, has arranged a $5.8 million Fannie Mae fixed-rate loan for the acquisition of Orosi Estates in Orosi, California, 200 miles north of Los Angeles. The 128 manufactured home community …
Capital One Arranges Financing for Manufactured Home Community Read More
What’s New in public focused Manufactured HomeLivingNews.com Keeping the Home Fires from Burning: Fire Safety and the Modern Manufactured Home Robert Gann, Chet Murphree, Deer Valley Homebuilders, Guin AL – Inside MH Video Tours What’s New in Manufactured Housing Industry Professional News Quarter financials spike Cavco’s stock. MHARR, MHI respond …
Sunday Morning Recap-Manufactured Housing Industry News Oct. 25-Nov. 1, 2015 Read More
Manufactured home communities (MHC) play an important role in meeting the need for affordable housing across the U. S., reports usda.gov. If they become a cooperative, the residents have a major responsibility to govern and manage their ownership rights, reports John McNamara, a Cooperative Development Specialist with the Northwest Cooperative …
Co-op Residents get Assist from Software to Operate Communities Read More
As MHProNews knows, Newsmax’s top – #1 – rated retirement community in their list of 50 is The Villages. The Villages is a mix of HUD Code Manufactured Housing and other construction that includes site building that in some cases mimics the look of a manufactured home. With 56,260 homes, …
Manufactured Home Community Named Top Retirement Locale in Florida Read More
With unanimous approval from the Avon Park City Council on first reading, one hundred thirty-four acres of groves in Avon Park, Florida may soon become the largest manufactured home subdivision in the city, and one of the largest in Highlands County, as highlandstoday tells MHProNews. Avon Park City Manager Julian …
Large Florida Manufactured Home Community on the Drawing Board Read More
Real estate investment trust (REIT) and owner of manufactured home communities (MHC) Sun Communities, Inc. (NYSE:SUI) reported $0.95 earnings per share (EPS) for Q3, 2015, short of analysts’ consensus estimates of $1.04 by $0.09, according to dakotafinancialnews. The company has a 12-month low of $53.44 and a 12-month high of …
By some estimates, ranked as the largest private equity firm in the world with $193 billion in assets under management, the Washington, D. C.-based Carlyle Group has invested in another manufactured home community (MHC) in California, according to bizjournals. As MHProNews reported Sept. 22, 2015, Carlyle took part ownership in …
Carlyle Acquires another Bay Area Manufactured Home Community Read More
As a ROC USA™ Certified Technical Assistance Provider, the Northcountry Cooperative Foundation provides education, technical assistance, encouragement and services to cooperative organizations. According to publicnewsservce, there are roughly 1,000 manufactured home communities in Minnesota with a population just under 200,000 people, about six percent of the state’s populace. Warren Kramer, …
Sun Communities (NYSE:SUI) will host an earnings call for the third quarter of this year on Tue., Oct 27, 2015 at 1:00 PM eastern time, according to dakotafinancialnews. For the quarter ending July 30, 2015 the real estate investment trust (REIT) posted earnings of $0.87 earnings per share (EPS), $0.04 …
Canadian Apartment Properties REIT (TSE:CAR.UN) has recently received an “outperform” rating and a C$32 ($24 USD) target price from National Bank Financial. On Aug. 12 RBC Capital gave the company the same rating and target price, as dakotafinancialnews informs MHProNews. All told, three research companies have issued a “hold” rating …
Land Lease Community Owner in Canada gets Strong “buy” Rating Read More
MHProNews has learned from yahoobiz that manufactured home community (MHC) owner and operator UMH Properties, Inc. (NYSE:UMH) has completed its issuance and sale of 1,801,200 shares of 8.0 percent Series B Cumulative Redeemable Preferred Stock at a sale price of $25.00 per share. These shares are equal to the company’s …
What’s New in public focused Manufactured HomeLivingNews.com Retired Realtor ® and Conventional Housing Pro on Why they Bought a Manufactured Home Comparing Quality to Quality – Conventional On-Site Building vs. Manufactured Homes What’s New in Manufactured Housing Industry Professional News “Duty to Serve” Rule Planned by FHFA, as cost of …
Sunday Morning Recap-Manufactured Housing Industry News Oct. 18-Oct. 25, 2015 Read More
Recalling a story MHProNews posted Sept. 5, 2014 regarding Mel Watt, then the new FHFA head, who said the “duty to serve” (DTS) rule as it impacts manufactured housing will be “revisited,” now says, “In 2016, we also plan to finalize a Duty to Serve rule, which will encourage Fannie …
Final “Duty to Serve” Rule Planned; Average MHC Site Cost Nearly Doubles in 18 Months Read More
Intense sparring erupted at a meeting between residents of The Grove Manufactured Home Community and the MHC owner, Todd Green, of Hillsboro Properties, over new rules for the community, located in Modesto, California. to take effect May, 2016. Several residents said some of the rules are vague and open the …
Residents React to New rules for Manufactured Home Community Read More
Catalina manufactured home community (MHC) in Middletown, Ohio, midway between Cincinnati and Dayton, has been acquired by Freehold, NJ-based UMH Properties, Inc., according to baystreet. Emphasizing community, safety, quality, and affordability, Catalina has a pool, playground and safety patrol, as part of UMH’s dedication to making its MHCs friendly and …
Ingenia Communities in Australia has acquired Lakeside Lara, a manufactured home community (MHC) 38 miles from downtown Melbourne for $16.3 million AUD, just under $11.8 million U. S. dollars, as Ingenia moves away from tourism rentals and into owner-occupied MHCs, according to what smh.au tells MHProNews. The 8.3 hectares (20.5 …
For the third quarter, 2015, MHProNews has learned from moneyflowindex that manufactured community owner Equity LifeStyle Properties (NYSE:ELS) reported earnings per share (EPS) of $0.77, beating analysts’ consensus estimate by $.01. For the same quarter in 2014 EPS was $0.69. Compared to the same quarter last year, revenue was up …
On May 14, 2015 MHProNews reported Tim Williams, Executive Director of the Ohio Manufactured Homes Association (OMHA), testified against objectionable EPA language in the Ohio state senate’s budget legislation that would require a manufactured home community owner to escrow 15 percent of the cost to update a water system if …
Ohio MHA Succeeds in Removing Objectionable Legislative Language Read More
MHProNews has learned from azbigmedia that Westview Mobile Home and RV Park in Glendale, Arizona has been sold for $1 million by 6331 W Glendale LLC to Westview Park LLC, arranged by John Sheedy with Park Brokerage Inc. The 33 home site all-age manufactured home (MH) and recreational vehicle community …
Land Lease Community Sells for $1 Million in Arizona Read More
Updating a storyMHProNews last posted Aug. 20, 2015, regarding the acquisition of six manufactured home communities (MHCs) by UMH Properties, Inc. of Freehold, New Jersey, prnewswire reports the company has closed on the second half of the deal. These three all-age communities, located in Indiana, are comprised of 1,254 developed …
