Board Chairman Leigh Abrams of Drew Industries, Inc. (NYSE:DW) sold 10,000 of the company’s shares on the market at an average price of $44.09 for a total haul of $440,900.00. Abrams now owns 73,287 shares with a value of $3,230,827, according to northforkvue.com. Dated Sept. 26, the transaction was disclosed …
Freehold, New Jersey-based UMH Properties, Inc. has acquired manufactured home community (MHC) Rolling Hills Estates in Carlisle, Cumberland County, Pennsylvania. The 91 homesite community, situated on 34 acres, sold for $1,720,000, and brings the company’s holdings to 69 MHCs comprised of 12,900 sites, according to marketwatch.com. Samuel A. Landy, President, …
Killam Properties, Inc. (TSX:KMP) of Halifax, Nova Scotia, Canada will present its financial results for the third quarter ending Sept. 30, 2013 after the market closes Tue., Nov. 5. A conference call and live webcast will be held the following day, Wed., Nov. 6, at 11 AM EST. The dial-in …
Indiana Gov. Mike Pence attended the ceremony welcoming Drew Industries’ move of its headquarters from White Plains, New York to Elkhart County, IN. The parent company of Lippert Components, Inc. and its sister company, Kinro, Inc., Drew has 50 factories in the U. S. and 5,500 employees nationwide—4,500 in IN—and …
Britco, one of the largest modular construction businesses in the industry, has announced plans to build a workforce housing project in northern Alberta, Canada for Devon Energy Corp. British Columbia Premier Christy Clark met with Britco officials to launch the $100 million modular project with over 1,500 rooms to be …
Updating a story MHProNews last posted June 24, 2013 regarding claims of manufactured home sales fraud against JoLeigh Ares’ Park Girl Sales in La Feria, Texas, the Texas Department of Housing and Community Affairs’ Manufactured Housing Division (MHD) received a total of 228 complaints. Ten of these were referred to …
MHProNews has learned provider of commercial real estate and capital market services HFF (Holliday Fenoglio Fowler) has arranged $52 million in financing for Audubon Estates in Alexandria, Virginia. Working on behalf of Hometown America, HFF secured a ten-year, fixed-rate loan through a life insurance company. The 701-home site, all-ages manufactured …
Manufactured Housing Community Receives HFF Financing Read More
Manufactured housing community owner Sun Communities, Inc (NYSE:SUI) announces it will release its third quarter 2013 earnings results Thurs., Oct. 24, 2013 prior to the opening of the market. A conference call will follow that same morning at 11 AM eastern standard time, according to marketwatch.com. Call toll-free 888 549 …
Sun Announces date of Third Quarter Earnings Release Read More
A pediatrician at Children’s Hospital in Pittsburgh, Pennsylvania with a passion for design and sustainable housing has begun the process of bringing in the first solar-powered modular homes to the city. Dr. Orooj Fasiuddin’s urbanHAUS will site the first home on a lot in the Morningside neighborhood. A two bedroom …
A legal dispute between two Elkhart, Indiana-based recreational vehicle (RV) suppliers is ramping up after U. S. District Judge Jon DeGuilio ruled AL-KO’s non-compete agreement is too broad. In moving from AL-KO to Lippert Components, inc., Larry Revelino had already agreed with both companies not to give away his former …
Lippert and AL-KO Wrangling over Patent and Personnel Read More
A 1950’s San Angelo, Texas ordinance requiring all manufactured homes, including those for sale on a dealer’s lot, have skirting for aesthetic reasons was given an exception for licensed dealers. Clayton Homes asked for the change in the ordinance, as sanangeloLIVE.com reports, evidently after bringing a man camp onto their …
Clayton Homes Convinces City to Change Outdated Ordinance Read More
Director at Drew Industries, Inc. (NYSE:DW) Edward W. Rose III sold 110,590 shares at $44.05 per share for a total of $4,871,901, according to wallcheatsheat.com. Sept. 26 Drew closed up +1.82% at 44.76. As MHProNews knows Drew is a component supplier to the manufactured housing and recreational vehicle industries through …
The Engineering Excellence Awards in Sydney, Australia in Products, Manufacturing Facilities and Processes was conferred on TEKTUM Space2.0, for its design of a full-size modular house that is transported on a flatbed trailer which unfolds at the site with all services and finishes in place. According to engineersaustralia.org.au, the final …
The chairman of the board of Third Avenue Assets Management, Marvin Whitman, announcing the company’s third quarter portfolio update, has acquired a 20 percent stake in Cavco Industries, Inc., a $510.4 million market cap with stock up over 25 percent in the last 12 months. He purchased 1,809,108 shares when …
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
Combining the manufactured housing (MH) and recreational vehicle (RV) industries together, investors.com ranks the combination 19th out of 197 industry groups that Investors Business Daily (IBD) tracks. The group has seven members but only three are significant, MHProNews has learned. Manufactured housing’s sister business Thor Industries (THO) ranks number one, …
A 3,200 square foot home in Miami Beach, Florida has achieved the highest LEED Platinum certification known to have been given in the nation. Rated at 120/89.5, a HERS (Home Energy Rating System) Index: -8 (100 is normal for new construction), and earning the National Green Building Standard of EMERALD …
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
Canadian-American Structured Solutions (CASS) opened in May 2012 in Billings, Montana vowing to provide 100 jobs, as it filled modular housing orders for workers in the Bakken oil fields in western North Dakota. Updating a story MHProNews posted Jan. 26, 2013 regarding the company’s temporary layoff of 30 employees due …
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 …
