ConnecticutPost tells MHProNews.com Hawaii ranks at the bottom of the list in terms of manufactured homes as a percentage of all housing with only .02 percent, followed by Connecticut, Massachusetts, and Rhode Island with .08 percent, according to 2010 U.S. Census figures. The figure for Connecticut fell from .09 percent …
North Carolina has Highest Percentage of Manufactured Homes Read More
FinancialNewsNetwork has informed MHProNews.com that two of the three top residential real estate investment trusts (REITs) that have the highest dividend yield in the industry are MHC owners. UMH is number one with a dividend yield of 7.9 percent. UMH has a portfolio of 39 manufactured home communities in New …
Two MHCs Rank First and Second in Dividend Yield Among Residential REITs Read More
SantaFeNewMexican tells MHProNews.com real estate developer Jeff Branch wants to turn his 40 acre tract on the southwest side of Santa Fe, New Mexico, into a manufactured home community. He purchased the property in 2006 and received approval for 222 site-built homes from the city but has been unable to …
Easton, MA is poised to join six other southeastern MA communities by instituting rent controls in MHCs. By-laws that regulate rents, evictions, and minimum standards of operation are under the auspices of a town-appointed board. Boston tells MHProNews.com a 1994 referendum in MA eliminated most forms of rent control, but …
Common Denominator for Six Massachusetts Towns May Soon Include Seventh Read More
As follow-up to an article we wrote Jan. 16, 2012 about a revived proposal shelved ten years ago to develop an MH community in Ormond Beach, Florida, the Volusia County Council approved plans for the community Jan. 19. OrlandoSentinel tells MHProNews.com the area, near the “Loop”, is a scenic route …
MhproNews has learned from the Register-News in Mt. Vernon, Illinois, the Mt Vernon City Council is set to approve a ban on mobile homes outside MHCs. Pre-existing manufactured homes outside designated areas would be grandfathered in, as long as they are not moved, according to city manager Ron Neibert. Zoning …
Southern IL City Likely to Limit MH to Communities Read More
From Kansan.com, MHProNews.com learns that the existence of what the authors refer to as a mobile home park is under threat by the pending development of student housing. The community known as Gaslight Village could be replaced by housing developed by Austin, Texas-based developer Aspen Heights, which according to the …
MHProNews has learned from the Orlando Sentinel that a developer who was denied the right to site 1,500 manufactured homes in Volusia County on Florida’s east coast on a 1,033 acre tract in 2002 is trying again. Plantation Oaks of Ormond Beach LLC would border a very scenic route of …
A welcome voice comes from Bob Matlock and the Daytona Beach News Journal. An editorial by Matlock with the same title appears in the January 11 edition of the paper. Matlock tells the story of his own adult gated manufactured housing community, Plantation Oaks of Flagler. Matlock gives an overview …
From RE Journals.com, MHProNews.com learns that Apartment Realty Advisors of Atlanta recently closed the sale of a 16-property manufactured-home community portfolio containing 5,919 land-lease home sites. The portfolio includes land-lease sites in Arizona, Texas, Michigan and Colorado. Hometown America was the seller. Dallas and Chicago-based Amerian Manufactured Communities REIT, the …
From Joplin Missouri comes a story about community concern over property values should maodular homes arrive. From KOAM TV, MHProNews.com learns residents are upset that modular units are coming to the Cedar Ridge neighborhood, and officials say there’s nothing in the city code to prevent it. The city approved a …
From North Adams Township in Massachusetts and the North Adams Transcript, MHProNews.com learns that the owner , Morgan Management of The Spruces Mobile Home Park has been ordered by the Board of Health there to immediately renew its manufactured housing community license. According to the report, a the community failed …
From BuffaloNews.com, MHProNews.com learns that the residents of the community of Marilla Country Village have purchased the community with help from the state. Reports indicate Marilla Country Village Inc. bought the 154-unit property from KDM Development Corp. of Rochester for $4.5 million. ROC USA LLC, a non-profit that specializes in …
From the Journal in Crosby, North Dakota, MHProNews.com has leaned that an oil boom is fueling dramatic growth in building permit numbers. In 2011 160 permits were issues in Crosby, an increase over the 100 issued in 2010. Another 11 homes were placed in a single permit for Crosby Meadows …
ReutersAfrica reports that U.S. business magnate Sam Zell, chairman of Equity Lifestyle Properties, the real estate investment trust (REIT) that owns over 134,000 manufactured housing homesites in North America, is in talks to buy a controlling interest in Brazil’s Grupo Tha. At 115 years of age, Grupo Tha is the …
MHProNews.com learned the stock of MHC owner Sun Communities Inc. has been upgraded by equity analysts at BMO Capital Markets from “market perform” rating to an “outperform” rating. LocalizedUSA reports as of Dec. 31, 2009, the real estate investment trust (REIT)’s portfolio was comprised of 136 properties, 124 of which …
The TCTimes from Fenton, Michigan, just northwest of Detroit, tells MHProNews a resident of Tryone Township is upset that residents pay $150 a year for fire department services, while Sun Communities and another MHC each pay $250 annually for the same services for the entire communities. Scott Dietrich estimates there …
Following a story we reported here Dec. 13 regarding Alabama’s new immigration law, in light of a Federal judge’s injunction against enforcing certain provisions of the law, the Alabama Department of Revenue has altered its interpretation of HB 56, according to TheWetumpkaHerald. Section 30 prohibits illegal immigrants from conducting any …
Following up on a story from July 22, 2011, MHProNews.com has learned from the Journal-Topics of northwest Chicago, Glenview’s Sunset Village land lease community may be sold at auction following the Federal court’s denial of bankruptcy protection for the owners. Owned by Sunset Village Limited Partnership (SVLP), of which Richard …
MHProNews.com has learned that a cherry orchard in Gilroy, California, just south of the Bay Area, may see 349 manufactured homes sited among the cherry trees. According to the GilroyDispatch, the development will be aimed at active older adults and will help Gilroy meet its state affordable housing goals. CW …
