The 32 residents of M & W Mobile Home Park in Alta Vista, West Virginia may have to vacate the community if the town council upholds its ruling to deny renewal of the permit to operate. Neither the community owner nor the residents were aware the council was holding a …
MHProNews has been informed that Sun Communities, Inc. (NYSE:SUI) has agreed to acquire a portfolio (the “ALL portfolio”) of 59 manufactured home communities from Green Courte Partners, LLC (GCP) comprising over 19,000 homesites for approximately $1.32 billion, including the assumption of $560 million debt. Nearly 14,000 of the sites, 73 …
A proposal to allow recreational vehicles to occupy manufactured home sites in land lease communities until a manufactured home is delivered passed the Coaldale, Alberta, Canada Town Council, according to sunnysouthnews.com. Town officials will include in the ordinance that only the owner of the home site can place an RV …
A request to change zoning from manufactured housing to light industrial in Sapulpa, Oklahoma, forcing the closing of Rolling Hills Mobile Home Park and displacing the residents of the 33 homes was put on hold by the county commissioners until the Sept. 22 meeting. The owner of the property, Marty …
Developer wants to Close Manufactured Housing Community Read More
MHProNews has been informed that Freehold, NJ-based UMH Properties, Inc. (UMH) has completed the acquisition of two Ohio manufactured housing communities (MHCs) for $5,400,000, according to marketwatch.com. With an average occupancy of 91 percent, the all-age communities contain a total of 258 developed homesites set on 40 acres. The public …
The Huntington Beach (California) City Council voted 4-3 to bring the issue of rent control for residents of the city’s manufactured housing communities (MHCs) to a ballot measure for voters. MHC residents have complained recently that rents have risen as much as 50 percent in the last six months, according …
Rent Control Set for Ballot Measure in California City Read More
With revenue up 15.2 percent compared to the second quarter last year, Sun Communities, Inc. (NYSE:SUI) reports earnings per share of $0.78 beat analysts’ estimate of $0.76 by $0.02 for Q2 2014. Earnings per share for Q2 2013 were $0.69 per share, as watchlistnews.com informs MHProNews . The company’s $115.40 …
Southfield, Michigan-based Sun Communities, Inc., in it release of 2nd quarter 2014 financials, reports funds from operations (FFO) was $34.7 million, or $0.78 per share, versus $27 million or $0.69 per share for the comparable period in 2013. Net income attributable to common stockholders for the second quarter of 2014 …
Sun Communities Reports Positive Financials for Q2 Read More
Margeurite Nader, CEO and President of Equity LifeStyle Properties (NYSE:ELS), in discussing second quarter 2014 results, reports the company experienced its 19th consecutive quarter of occupancy growth, with homeowner occupied sites increasing by 113, and home renter sites rose by only two. Last year, by comparison, ELS had lost 189 …
Residents at Blackhawk Estates manufactured home community (MHC) in an unincorporated area near Des Plaines, Illinois protested Monday after their property managers allegedly enforced what the residents are calling “the fine print” in their leases by walking through the community and taking belongings from residents’ yards, including childrens’ toys, yard …
According to crazyjoys.com in Stocks in the News, UMH Properties, Inc. (NYSE:UMH), which will distribute 0.18 per share to stockholders Sept. 15, 2014, has a year -to-date performance of 9.91 percent and a quarterly performance of 2.89 percent. In Friday’s (July 18) trading the stock closed up +0.71 percent at …
In a letter to “Anne” of the democratandchronicle.com of Rochester, New York, the questioner describes a seasonal community on the water in New York state, which sites single-section manufactured homes (MH)and travel trailers that requires a fee of $1,000 payable to the community owner if a home is sold to …
Rules Regarding Seasonal Manufactured Housing Communities may be Unexpected Read More
The California Department of Housing and Community Development awarded the city of Calistoga, California $46,073 to conduct a study of the long-term viability of manufactured housing communities (MHCs) as an affordable housing option. Three of the MHCs in Calistoga, with 556 homesites, are an important segment of the local affordable …
California City Reports more Affordable Housing is Needed Read More
Freehold, New Jersey-based UMH Properties, Inc. has closed on the acquisition of four manufactured home communities (MHCS) in the Pittsburgh area for $12,200,000, according to PRWeb.com. These all-age communities contain a total of 336 developed homesites situated on a total of 239 acres. Average occupancy for these MHCs is 84 …
While many of the Malibu, California rich and famous have $25 million and up beach estates, just a few blocks away in Paradise Cove Mobile Home Park a manufactured home may sell for $300,000, although one is currently listed at $3.75 million, according to Zillow.com. It is a 2,200-square-foot, four-bedroom …
Manufactured Homes Overlooking Pacific very Pricey Read More
The owner of the Westwood Mobile Home Park in Innisfail, Alberta, Canada, is uniting with his residents in opposing a dump site the Innisfail Council is trying to locate next to the manufactured home community (MHC). Don Petersen, who has owned the community for 20 years, told 40 residents gathered …
According to nyreg.com, the Largo Group of Companies of Rochester, New York has arranged $2.2 million in financing for a manufactured housing community (MHC) in Falconer, and an industrial building in Buffalo. Falconer Village Manufactured Housing Community has 53 homesites and is three miles from Jamestown, NY, as MHProNews has …
Financing Arranged for Manufactured Housing Community Read More
Commercial real estate investment services firm Marcus & Millichap (NYSE:MMI) arranged the sale of Rainbow Rock Mobile Home Park in Plant City, Florida from a Wisconsin-based limited liability company to a private investor from Washington for $1.28 million. Built in 1954, the community sits on about ten acres and is …
The Manufactured Housing Institute (MHI) reports the Department of Energy (DOE) has selected 20 voting representatives to serve on the committee to develop new energy efficiency standards for manufactured housing. The members include people from the industry, energy efficiency advocates, state energy officials, utilities and consumer representatives. In addition to …
Members Chosen for MH Energy Efficiency Standards Committee Read More
Private investment firm Park Street Partners acquired the Cherrywoods Manufactured Home Community in the Kansas City area. The 45-homesite all age, four star community sits on six acres in Ottawa, Kansas, reports motoemag.com. Jefferson Lilly of Park Street says the company intends to make Cherrywoods into “the premier affordable housing …
