CrainsCleveland reports Freehold, New Jersey-based UMH Properties has acquired 125-site Olmsted Falls MHC in the southwestern suburbs of Cleveland, Ohio for $3.6 million. The 14-acre property in Olmsted Falls marks UMH’s second MHC acquisition this month just outside Cleveland. As MHProNews reported Dec. 4, 2012, it purchased 141-site Twin Oaks …
LowerProvidencePatch reports the Southeastern Pennsylvania American Red Cross delivered emergency preparedness and fire safety literature to 440 residents of four MHCs in Lower Providence Township, northwest of Philadelphia. Students at St. Gabriel’s Hall helped assemble the plastic bags containing the information which notes manufactured homes nationwide annually account for 17,700, …
CBCNews reports from Manitoba, Canada about 40 of the 65 modular homes offered to the Lake St. Martin First Nation will be shipped to the Little Saskatchewan First Nation following the spring flooding of 2011 that displaced members of both communities. Only 13 of the homes at Lake St. Martin …
Modular Homes will be moved to different First Nation Site Read More
Pionline reports the University of Michigan (UM) in Ann Arbor has committed $40 million of its $8 billion endowment to three alternative investment firms, one of which is Lake Forest, Ill.-based Green Courte Partners, LLC. Green Courte received $5 million in conjunction with The Parking Spot, a new real estate …
To follow-up on a story we posted Dec. 12, 2012, the underwriters for Killam Properties, Inc.’s public offering quickly took advantage of the opportunity to purchase an additional 375,000 shares of Killam’s common stock at $12. per share. Led by RBC Capital Markets, the public offering closed Dec. 10, 2012, …
The Wall Street Journal says as interest rates remain low and the housing recovery continues to pick up, more people will be buying traditional houses instead of manufactured homes. Citing the drop in production of manufactured homes the last two months following 16 months of consecutive industry growth, and the …
AsburyParkPress says 50 Federal Emergency Management Agency (FEMA) homes are being prepared to move into existing communities in New Jersey to house displaced victims of Hurricane Sandy along the Jersey shore. FEMA has identified 865 vacant community sites statewide, including 122 in Monmouth County and 129 in Ocean County, two …
Killam Properties, Inc. (TSX:KMP) of Halifax, Nova Scotia, Canada announces it has closed its public share offering of 2,500,000 common shares at a price of $12. per share to achieve its goal of $30 million. According to 4-traders, the eleven underwriters were lead by RBC Capital Markets, and have an …
As we reported here Sept. 5, 2012, residents of Hilltop Mobile Home Park in College Township, Penn. received notices the community was closing and they have to move by the end of February, 2013. CentreDaily reports a dozen people spoke at a College Township meeting in favor of keeping the …
International Business Times reports UMH Properties, Inc. (NYSE:UMH) has acquired 141 site Twin Oaks MHC in northern Ohio outside Cleveland for $4,350,000. Based in Freehold, NJ, UMH now owns 56 manufactured home communities comprised of over 10,500 developed homesites in six states east of the Mississippi. President Samuel A. Landy …
The SussexCountian reports from southern Delaware State Rep. Ruth Briggs King will sponsor a town hall meeting Dec. 12 in Millsboro, DE along with Deputy Attorney General Greg Strong, who heads of the state’s consumer protection division. Issues to be discussed include the workings of the Rental Assistance Program, the …
MHProNews has learned from HK&C attorney Robert Coldren that the Huntington Beach (CA) City Council has tentatively approved the subdivision map application for Pacific Mobile Home Park to become a resident-owned community. A recent ruling from the state supreme court requires communities in coastal zones be subject to the Mello …
The Cape Coral Daily Breeze tells MHProNews sales of manufactured homes and homesites have begun early in North Fort Myers, Fla. Margaret Black of Horizon Village Co-op, Inc. says this summer was the busiest she’s ever seen at Horizon, a resident-owned 55+ community of half shareholders and half renters. “Our …
MHProNews has been informed by attorney Robert Coldren about a 6-1 decision handed down by the California Supreme Court Nov. 28, 2012. The court held that an MHC being converted to resident ownership within the Coastal Zone (defined as within 1,000 yards from the mean high tide line) is considered …
Harking back to a story that began in 2006 when Garden Homes Management Corp. first proposed a 124 site MHC in Oxford, Conn. that has been stymied by numerous hearings, commissions, courts, and studies, the Stamford, Conn. developer is appealing a ruling by the Inland Wetlands Agency that the development …
The Santa Fe New Mexican says as the city is preparing to annex land that includes MHCs, Santa Fe City Councilor Carmichael Dominguez wants to ensure that new manufactured housing developments comply with the same standards as other new neighborhoods, which includes sidewalks, drainage, landscaping and parks. Further, acknowledging the …
MHCs Should have Amenities like other Neighborhoods Read More
As follow-up to a story we posted June 12, 2012 concerning 2,000 manufactured homes the Federal Emergency Management Agency (FEMA) brought in to Minot, North Dakota to house survivors of the Souris River flooding in 2011, the homes may now become a permanent addition to the housing stock. The minotdailynews …
According to myfoxpointnow, Milwaukee, Wis.-based MHC owner Asset Development Group’s value was assessed nearly seven times more in 2008 and 2009 than in the following two years due to failure to file a statement of personal property for the earlier years. While the firm has paid its taxes for 2010 …
A group of ten residents of Westview Village Mobile Home Park in Kelowna, British Columbia, Canada, frustrated that management was not enforcing maintenance rules on some of the properties, attempted to form a neighborhood association. Kelownacapnews informs MHProNews a group calling itself Westview Village Concerned Homeowners sent a letter to …
After Spring 2011 flooding forced 1,000 Lake St Martin First Nation residents from their homes in central Manitoba, Canada, the provincial government set up 60 furnished modular homes on a former radar base near Gypsumville. According to WinnipegFreePress, nine months later only 13 families have taken up the offer, others …
