Following up on a post MHProNews last reported Sept. 3, 2013 regarding Equity LifeStyle Properties’ (NYSE:ELS) successful appeal of a sharp rise in taxes on two manufactured housing communities (MHCs) in Florida, over $200,000 in property taxes are once again at stake. Sarasota County Property Appraiser Bill Furst contends the …
Battle Rages over Value of Manufactured Housing Communities Read More
Following on the heels of Miss South Carolina’s line in the Miss America Beauty Pageant about factory-built homes in her home state, the British Broadcasting Corporation (BBC) asks rather rhetorically why so many Americans live in these dwellings. Based on U. S. Census figures, 20 million Americans occupy 8.5 million …
Brad Thomas documents the annals of UMH Properties, Inc., (UMH:NYSE) since its beginning in 1968 to its election to REIT (real estate investment trust) status in 1982, and being publicly traded in 1985 after issuing an IPO, as reported in seekingalpha.com. Although it is considered a small REIT because its …
UMH Properties Receives a Strong ‘Buy’ on its Stock Read More
Paul Bradley, president of ROC (resident-owned communities) USA LLC has been chosen the Carsey 2013 Social Innovator of the Year, which recognizes a New England business leader with a commitment to social innovation and business. ROC USA assists residents of manufactured home communities (MHCs) form co-ops to buy their own …
Paul Bradley Honored for Developing Manufactured Housing Co-ops Read More
In an attempt to avoid the conversion of manufactured home communities (MHC) to other uses and thereby force people to move, the Spokane Valley City Council, while conscious of private property rights, want to increase the density in existing communities. According to spokanevalleyonline, it could also hold down rents, retain …
City wants to Retain Manufactured Home Communities Read More
The 15 manufactured housing communities (MHC) in Callaway, Florida near Panama City range from modern developments with newer homes and paved streets to older flat-roofed factory-built homes sited on rough roads with no paved parking. A 1998 ordinance regulates new MH developments, but now a city commissioner wants pre-ordinance communities …
City Hopes to Upgrade Older Manufactured Home Communities Read More
HFF (Holliday Fenoglio Fowler, L.P.) has secured a 25-year, fixed-rate, fully-amortizing loan through Lincoln Financial Group for $8.2 million in financing for Villa Cajon on behalf of Kingsley Management Corp (KMC). HFF will also service the loan. A 125 homesite manufactured housing community in El Cajon, California, Villa Cajon is …
The Aiken County Planning Commission in west central South Carolina has approved plans for a 33 home site manufactured housing community (MHC) situated on nine acres on Wire Road in Aiken, SC. The aikenstandard.com says five manufactured homes on a lot that is at least five acres or more constitutes …
Southfield, Michigan-based Sun Communities, Inc. (SUI) has declared a $0.63 dividend per share of common stock for the third quarter of 2013, payable Oct. 18, 2013 to shareholders of record Sept. 30, 2013. The board of directors of this real estate investment trust (REIT) also declared a dividend per share …
An innovative collaboration between affordable-housing and energy-efficiency advocates has resulted from the destruction wrought by Tropical Storm Irene that destroyed or damaged 560 manufactured homes in Vermont. Many manufactured housing communities (MHCs) are located in low lying areas, making them more susceptible to flood water damage. Since many residents of …
Vermont Promotes Energy Efficient Manufactured Homes Read More
Updating a story regarding Garden Homes Management Corp. attempts to develop a manufactured home community in Oxford, Connecticut since 2006, a post MHProNews last covered July 3, 2013, a public hearing on the proposal was held Sept. 9 by the Conservation Commission, Inlands Wetland Agency to determine if the development …
Garden Homes Continues to Push for MH Development OK Read More
Equity LifeStyle Properties, Inc. (NYSE:ELS) has acquired Fiesta Key RV Resort, a 324-site resort and marina in the Florida Keys. Located in the Florida Keys on the Gulf of Mexico, ELS paid $24.6 million, according to 4-traders.com, funded with cash. As MHProNews knows, ELS is the largest owner of manufactured …
RV Community and Marina purchased by Equity LifeStyle Properties Read More
Manufactured home owners in Australia will have the opportunity to share their views regarding legislation that covers their residences on the Queensland Government’s ‘Get Involved’ website. Public Works Minister Tim Mander says the survey is part of a review of the Manufactured Homes Act 2003 to ensure it maintains a …
Australia Conducts Survey of Manufactured Home Owners Read More
Homeowners in a subdivision north of Madison, Wisconsin have asked the Newport Town Board to initiate action to have a multi-section manufactured home removed from their subdivision. According to wiscnews.com, the town ordinance forbids mobile homes from being sited outside communities, but the Columbia County Planning and Zoning Department replied …
A discrimination lawsuit has been filed by the Department of Housing and Urban Development (HUD) for a violation of the Fair Housing Act against Whitacre’s Manufactured Housing Community in Inwood, West Virginia. A resident of the community with a psychiatric disability was injured during a home invasion and subsequently obtained …
Provider of equity research Sidoti & Company LLC has issued a BUY rating for the stock of manufactured housing community owner UMH Properties, Inc. based on its presence in the Utica and Marcellus Shale energy exploration region. Sidoti says an influx of workers and families to the area, which includes …
One of the biggest investors in U.S. real estate in the ’90s and early part of the century, only 30 percent of Sam Zell’s personal investment portfolio is in real estate, compared to 50 percent in the 1990’s. According to the worldpropertychannel.com, billionaire Zell told The Wall Street Journal, “We’re …
Following up on a story MHProNews posted Sept. 6, 2013 regarding a measure in the California Assembly that would permit local government to disprove of the conversion of a manufactured housing community (MHC), kcoy.com reports the Senate passed SB 510 21-14. Sponsored by Hannah-Beth Jackson (D-Santa Barbara), if a majority …
Conversion Bill Now only Needs Governor’s Signature Read More
Updating a story we last posted Sept. 4, 2013 about the acquisition of two manufactured housing community (MHCs) properties by Ingenia Communities in Australia, MHProNews has learned the company has raised $61.5 million to fund the acquisition of eight additional MHCs. Although contracts have been exchanged on only the Drifters …
Australian Firm Focusing Exclusively on Manufactured Housing Communities Read More
The foreign press has picked up an advertorial, evidently from the Michigan Manufactured Housing Association in Okemos, MI, promoting manufactured housing communities (MHC). The Middle East North Africa Financial Network (MENAFN) emphasizes the ideal amenities, options, services, and other positive attributes of living in an MHC in MI, although with …
