MHProNews has learned from santamariatimes the Golden State Manufactured-Home Owners League (GSMOL) will partner with San Luis Obispo Mobilehome Residents Assistance Panel and North Santa Barbara County Manufactured-Homeowners Team to host an informational seminar for those living in manufactured homes. A variety of issues regarding living in manufactured homes will …
Informational Seminar for Manufactured Community Residents Read More
Billionaire real estate investor Sam Zell says the trend to defer marriage to later in life has been lucrative for apartments and condos across the nation, saying that has been the most significant reason for the strength of the current multifamily real estate market. While he also noted the hospitality …
Although in line with analyst’s consensus estimates of earning $0.82 per share for Q3, 2013, Sun Communities, Inc. (SUI) had revenues of $107. 20 for the same quarter 2012, far above the $80.38 million that had been estimated. By comparison, according to Zolmax.com, earnings per share hit $0.71 for the …
New York City-based Meridian Capital Group LLC arranged a $150 million acquisition and permanent financing of a manufactured housing community (MHC) portfolio package for Matrix Realty Group. The portfolio contains 11 MHCs comprised of 5,347 homesites in mostly small towns, ten in Michigan and one in Alabama, as rejournal.com informs …
Manufactured Housing Community Portfolio Moves through Matrix Realty Read More
A Superior Court judge’s ruling that rent controls established in 1984 for the Tricia Meadows land lease community of Mount Laurel, New Jersey will expire Dec. 31 has led to a lawsuit opposing the action. The mostly senior low and moderate-income residents believed their $224.50 monthly rent would continue because …
Doug Koos owns a manufactured housing community in Castine, Maine that he intends to turn into a modular housing community. Currently he has 19 manufactured homes on the property plus six abandoned homes that are currently being demolished in the community licensed for 29 units. State law allows for modular …
Atlanta, Georgia-based investment advisory brokerage firm ARA announces the sale of Saratoga Hills manufactured housing community in Stillwater, New York, 24 miles from Albany. Saratoga is an all-age community of 300 homesites sitting on 91 acres with a mix of single and multisection homes. According to nreionline.com, the seller is …
The Department of Consumer Protection, responding to numerous resident complaints beginning in 2012, has issued a legal decision and order against Shoreline Trailer Court in Branford, Connecticut for failing to maintain the community in a safe and habitable condition. Specifically, according to branfordpatch, Shoreline was infested with feral cats, rodents, …
Connecticut Manufactured Housing Community under Fire Read More
Pulte Homes has been eyeing Winchester Ranch Mobile Home Park in San Jose, California, home to 145 mostly low-income seniors and disabled residents, as a possible site for market-rate condos. Homesite rents pale compared to the median home price of $612,250 in San Jose, giving community owner Cali-Arioto Properties consideration …
Updating a story MHProNews posted Oct. 21 regarding a tax increase to pay for relocating manufactured home residents who live dangerously close to a runway at Fairchild Air Base in Spokane, Washington, the city council voted 4-1 to raise county property taxes 6.3 cents per $1,000 valuation for Proposition 1. …
Council Approves Tax to Move Manufactured Home Residents Read More
Time magazine reports a former Austin, Texas developer of high end houses now blogs about his small homes built from salvaged materials. Brad Kittel, owner of Tiny Texas Houses, who has built around 75 tiny homes of 400 square feet, ranging from $20,000 to $40,000, now plans on building a …
Following up on a story MHProNews posted Oct. 15 concerning The Carlyle Group’s acquisition of two Florida manufactured housing communities (MHCs), arabianbusiness.com reports Abu Dhabi’s Mubadala Development Group owns 7.5 percent of Carlyle. Based in Washington, this is Carlyle’s first foray into MHCs, and is paying $30.5 million for the …
U. S. Land Lease Communities attracting Foreign Investors Read More
Just as a property tax increase goes before voters to relocate manufactured housing communities away from Fairchild Air Force Base in Spokane County, Washington, the base commander issued a statement that the communities are in an “accident potential zone” that is incompatible with Air Force operations. The 188 homes are …
The owners of Hall Wines in Napa Valley, California purchased the 18 homesite Vineland Vista Mobile Home Park in 2008 with plans to redevelop the space, finally closing it in 2012 after legal wrangling with tenants, according to napavalleyregister.com. Providing the Napa Valley Planning Department approves a use-permit modification and …
Vintners Replace Manufactured with Modular Housing Read More
The Buena Vista Mobile Home Park in Palo Alto, California, currently home to 104 factory-built homes, and recognized in the city’s comprehensive plan as one of the largest sources of low-income housing, may be sold for over $30 million if owners Toufic and Eva Jisser’s plan is approved by the …
California Land Lease Community on Track to Convert Read More
Canada’s Killam Properties Inc (TSX:KMP) reports its board of directors has declared a monthly dividend of $0.04833 per common share to be paid on Nov. 15, 2013 to shareholders of record Oct. 31, 2013. Killam’s Dividend re-investment plan (DRIP) allows shareholders the opportunity to re-invest their dividends in additional common …
The residents of King George Mobile and RV Park in Surrey, British Columbia, Canada are weary of the community deterioration and lawlessness that the owner allegedly ignores, and have begun a petition to have the Manufactured Home Park Tenancy Act altered so a percentage of rent monies go towards upkeep …
When hearing of the need of older military veterans for housing, former Green Beret and successful home builder Richard Simonian took up the challenge and now has 7,000 homesites in 40 manufactured housing communities across the western U. S. that openly caters to veterans. As lakecountrysun.com reports, John Stryker Meyer, …
Builder Provides Manufactured Housing for Fellow Vets Read More
Sam Zell, chairman of land lease community owner Equity LifeStyle Properties, Inc. (ELS) will be the featured speaker at the Manufactured Housing Institute’s National Communities Council Fall Leadership Forum being held Oct. 16-18 at W Hotel City Center in Chicago. Titled “Building a Vision for the Future,” topics covered include …
Sam Zell, ELS Chairman, featured at National Community Council’s Fall Leadership Forum Read More
Private equity firm Carlyle Group LP has entered the manufactured housing community (MHC) business in acquiring two communities in Florida from Shamrock Holdings LLC of Arizona for $30.8 million. While this is the company’s first foray into the MH industry, analysts say investors are betting this aspect of the housing …
