As MHProNews reported Nov. 13, 2012, CEO Philip Fraser of Killam Properties, Inc., calling Ottawa (the Canadian capital) “one of the strongest cities for long-term investment in Ontario,” announced the company purchase of a 25% share with a Kuwaiti company for a 146-unit apartment development. Also in Ottawa, Killam acquired …
According to a story MHProNews posted April 8, 2013 about Northstar Realty Finance Corp. acquiring 71 manufactured housing communities at a cost of $865 million based on information we received from the National Real Estate Investor (nreionline), we now learn from BusinessWire that RHP Properties, Inc. of Farmington Hills, Mich. …
The newsherald informs MHProNews from Panama City, Fla., a battle going on since June 2012 is pitting city commissioners against the owner of Mill-Village MHC, Katy Adair, for having two Federal Emergency Management Agency (FEMA) park model trailers in the community in violation of a city ordinance. Code enforcement says …
Battle Awakes over Placement of FEMA Park Model Trailers Read More
The digitaljournal informs MHProNews that Killam Properties, Inc. of Halifax, Nova Scotia, Canada will announce its financials for the quarter ending March 31, 2013 on May 7, 2013 after the close of the market. A conference call to discuss the findings will follow on Wed. May 8, 2013 at 9 …
Canada.com informs MHProNews MHC owner Larry Gaudreau, noting that communities built in the 1940’s and 1950’s have deteriorating infrastructures that cannot be replaced without moving residents out, says the government needs more affordable housing for these people, as well as to meet future needs. “More than 50 per cent of …
British Columbia needs more Manufactured Housing Communities Read More
According to vcstar, legislation introduced by state Sen. Hannah Beth-Jackson of California would require that a majority of residents of an MHC favor the conversion of their community into resident-owned homesites, or the plan can be denied. The Ventura City Council voted 7-0 in favor of the resolution, as MHProNews …
UMH Properties’ stockholders of record on May 15th will receive the benefit of $0.18 per share June 17, representing a yield of 6.79%, according to information MHProNews has received from utahpeoplespost. While The Street downgraded the stock to “hold” from “buy” March 15, it was up Monday April 8 by …
A coalition of non-profits and consumer organizations are encouraging residents of often modest means to seek co-op ownership as a means to increase equity in their property and control rents in Mass. The patriotledger reports of the 250 manufactured home communities in the state, only 25 have become cooperatives, but …
As MHProNews reported here earlier today (Mon. April 8), the closing of Hilltop Mobile Home Park in State College, Penn. that led to a musical benefit to help residents, has also led to charges being filed against the owners by the state attorney general’s Bureau of Consumer Protection for allegedly …
According to nreionline (National Real Estate Investor), NorthStar Realty Finance Corp. has acquired a portfolio of 71 manufactured home communities comprised of approximately 17,000 home sites for $865 million. Financed with a $640 million mortgage for ten years at 4.02% fixed, the company expects an initial annual yield of 14%. …
The carrollnews informs MHProNews the Hillsville (Ohio) Town Council has changed several town codes, including the following that applies to non-conforming manufactured homes (using non-conforming spelling): “Removal and replacement of a manufactured home which constitutes a nonconforming used on an individual lot or within a manufactured home park ore removal …
Regulation will Require Replacing Older MH with HUD Code Homes Read More
Updating a story MHProNews covered Sept. 5, 2012 regarding the closing of two MHCs in State College, Penn., a graduate of Penn State University and fellow church congregant with residents of the communities is sponsoring a benefit to assist those displaced by the closings. Musician Pat Elliott has organized the …
The heraldtribune reports MHC Mermaid’s Manor in Bradenton, Fla. has been acquired out of foreclosure by trusts in the name of Harold E. Crye and Hazel Ann Ball for $1.2 million, from BOFI Federal Bank. The 70-site Mermaid’s was previously owned by Tampa’s CPM Properties LLC, managed by Harvey Estes, …
According to the brightonpittsfordpost, Robert Morgan, founder and CEO of Rochester, NY-based Morgan Management has been named recipient of the 2013 Herbert W. Vanden Brul Entrepreneurial Award by the RIT Saunders College of Business. Honored for 30+ years of successful business in Rochester, the company Morgan founded now employs 950 …
MarketWatch reports Denver-based YES! Communities has acquired a portfolio of 64 manufactured housing communities (MHCs) comprised of 14,000 home sites mostly in the Atlanta and Dallas metropolitan markets, but also including Corpus Christi and El Paso, Texas, as well as Las Cruces and Las Alamos, New Mexico. With the completion …
Following up on an earlier post concerning legislation that a California manufactured home owners association is promoting in the state legislature, santamariatimes informs MHProNews SB 510 addresses the conversion of MHCs to resident owned communities/sites and condos. The new measure gives local jurisdictions authority to determine by survey if at …
According to paloaltoonline, 15 people share three houses, a trailer, a vegetable garden and household tasks in an intentional community, called Greenwave, along a small Palo Alto (Calif.) side street. Owned by three of the members to whom the others pay rent, the three homes are manufactured housing to keep …
Updating a story we posted Feb. 27, 2013 concerning residents of Wheel Estates MHC in North Adams, Mass. trying to buy their community, iberkshires informs MHProNews the nearly $4 million loan went through, financing managed by ROC (resident-owned communities) USA of New Hampshire. For years residents have allegedly complained the …
According to thenewstribune, Tumwater City Council member Betsy Spath will resign her position effective April 30, 2013 because she is leaving her position as a geriatric care manager for a law office and moving out of state. In addition to protecting manufactured housing communities in the city while on the …
Updating a post from March 22, 2013, we reported on the legislation in the state house the Golden State Manufactured-Home Owners League (GSMOL) in California is promoting, and what has been added. As we stated, AB 1205 would provide mediation services between resident and management to resolve disputes; and AB …
