LasVegasSun tells us Mountain View Community MHC in Henderson, Nevada changed hands earlier this year when Hometown America Communities sold the property to Equity Lifestyle Properties, Inc. (ELS). Leases under Hometown America stipulated that rents could increase a minimum of 3.5 percent with 90 days notice. ELS has told residents …
The State Journal-Register in Springfield, Illinois says Timber Creek Living MHC in Springfield won the Community of the Year Award for the Midwest at the 2012 Manufactured Housing Institute’s (MHI) National Congress and Expo for Manufactured and Modular Housing. The 55-and-older community is comprised of 200 residents living in 125 …
Harkening back to a story we have covered several times, the last being May 29, 2012, the RapidCityJournal reports from Box Elder, South Dakota, the Box Elder Planning and Zoning Commission continues to have questions abut Bob Akers’ Wagon Wheel Estates MHC being converted from 125 factory-built homes to 175 …
Following the 2011 flooding of the Souris River in North Dakota, NorthDakotaRealEstateRama says the acute housing shortage due to the oil boom led to the Federal Emergency Management Agency (FEMA) bringing in over 2000 manufactured homes to house the survivors. Often after a catastrophe FEMA will locate rental housing/motels for …
LoanSafe reports from Wichita, Kansas, the Wichita Eagle says six MHCs in the Wichita area owned by American Residential Communities, Inc. (ARC) will be auctioned off online June 26 and 27. The Denver-based owner is offering nearly half of its local portfolio, comprising 830 homesites, which are 40 percent occupied …
Following up on a story we posted June 5, 2012, ctbulletin reports the Milford, Connecticut Planning and Zoning board delayed a vote regarding Garden Homes Management proposal for a 36-unit affordable housing project near Ryder Woods Mobile Home Park, and another MHC currently under construction. A Ryder Woods resident insists …
SouthCoastToday reports from Acushnet, Massachusetts the town meeting voted 43-33 to institute a three person rent control board for the local MHCs in the community. Proponents say rents have increased much more quickly than in the past, making it tough for seniors on fixed incomes. One MHC owner, saying he …
AthensNews tells MHProNews.com from Ohio many of the factory-built homes in the Pine Aire MHC in Athens have been abandoned and vandalized following the storm that tore through it nearly two years ago, and now that the community is in foreclosure for back taxes, there is no one to do …
In a story MHProNews.com has been following for over a year, voters in Oceanside, California overwhelmingly voted down Proposition E which would gradually eliminate rent control in the city’s 17 MHCs. City council Councilman Jerry Kern, who championed eliminating the rent control measure that has been in effect since 1984, …
Following up on a story we posted May 25, 2012, the Manufactured Housing Institute (MHI) newsletter says the National Flood Insurance Program has been extended for two months until July 31, 2012. Congress passed the extension and President Obama signed it so homeowners and businesses in flood prone areas can …
The NewHavenRegister says the Ryder Woods Mobile Home Park in Milford, Connecticut was moved in 2005 to make way for a WalMart, and the developer paid fairly and squarely to move the 200 families. Three years ago the Ryder family re-purchased the community to make sure it would never have …
TwinCities reports the woman who with her husband helped found Landfall, Minnesota’s “premier manufactured housing community”, died May 26 at 82. After WWII she and her husband, James, moved to the property and lived in a mobile home James had built, when it was “just cows and country out there,” …
TheGlobeandMail tells MHProNews.com from Canada Quebec-based modular manufacturer Pro-Fab has acquired Guildcrest Building Corporation, a Morewood, Ontario modular home producer. Pro-Fab is actually part of Chicago-based Wynnchurch Capital, a private equity fund management company that had previously opened a Toronto office in 2009. Guildcrest has provided homes for first nations …
MarketWatch reports Chicago-based Green Courte Partners, LLC announces the acquisition from CRF Communities of Plantation Landings, an MHC in Haines city Florida. The four-star 394 home site age-restricted community is fully leased, MHProNews.com has learned. In 2009, Green Courte’s second fund, Green Courte Real Estate Partners ll, LLC, purchased Royal …
From semissourian we learn the Cape Girardeau (Missouri) City Council will hold a public hearing at tonight’s (June 4, 2012) meeting to consider rezoning what has been zoned Residential Manufactured Home District (RMH) to Highway Commercial District for an RV/travel trailer park. Mark Rademaker of the Landing Point RV Park …
DigitalJournal tells MHProNews.com Killam Properties, one of the largest MHC owners in Canada, has sold a portfolio of 12 manufactured home communities comprising 2,032 home sites to Canadian Apartment Properties Real Estate Investment Trust (CAPREIT). The transaction increases CAPREIT’s holdings to 14 MHCs and 3,365 home sites. In a related …
SeekingAlpha‘s Tim Plaehn, who has 25 years experience with the stock market, ranks Sun Communities, Inc. as one of the top performing high yield real estate investment trusts (REITs) that is below the radar of the Vanguard REIT Index ETF (exchange-traded fund), which measures the performance of the larger REITs. …
Harkening back to a story April 3, 2012 about the Pennsylvania House of Representative’s passage of SB 1141 that requires MHC owners to provide adequate notification and compensation when a community is set to close, the sungazette says it’s too late to help the residents of Riverdale Mobile Home Park …
UpdatedNews reports from Abbotsford, British Columbia, Canada residents of Garden Village MHC have been told their community will be closed and the land will be redeveloped. The owners have offered each homeowner $11,000, twice what the government requires, but some of the more recent arrivals say they have spent upwards …
Following a story we wrote May, 8 2012 concerning a plan to replace 125 factory-built homes at the Wagon Wheel Village MHC in Box Elder, South Dakota with 166 modular units, we learn owner Bob Akers is returning to the Planning and Zoning Commission with revised plans, according to the …
