The Aiken County Planning Commission in west central South Carolina has approved plans for a 33 home site manufactured housing community (MHC) situated on nine acres on Wire Road in Aiken, SC. The aikenstandard.com says five manufactured homes on a lot that is at least five acres or more constitutes …
Southfield, Michigan-based Sun Communities, Inc. (SUI) has declared a $0.63 dividend per share of common stock for the third quarter of 2013, payable Oct. 18, 2013 to shareholders of record Sept. 30, 2013. The board of directors of this real estate investment trust (REIT) also declared a dividend per share …
Updating a story regarding Garden Homes Management Corp. attempts to develop a manufactured home community in Oxford, Connecticut since 2006, a post MHProNews last covered July 3, 2013, a public hearing on the proposal was held Sept. 9 by the Conservation Commission, Inlands Wetland Agency to determine if the development …
Garden Homes Continues to Push for MH Development OK Read More
MHProNews has learned Lippert components, Inc. (LCI) has purchased a 56-acre plot of land outside the Goshen, Indiana city corporate limit, but adjacent to the city corporate lines, for future company use. LCI is a component supplier to the the manufactured housing and RV industries, according to rvbusiness.com, as well …
Equity LifeStyle Properties, Inc. (NYSE:ELS) has acquired Fiesta Key RV Resort, a 324-site resort and marina in the Florida Keys. Located in the Florida Keys on the Gulf of Mexico, ELS paid $24.6 million, according to 4-traders.com, funded with cash. As MHProNews knows, ELS is the largest owner of manufactured …
RV Community and Marina purchased by Equity LifeStyle Properties Read More
In yet another testament to the spreading of manufactured housing sales radiating from the Bakken oil fields in western North Dakota, Shult Homes of Redwood County in southwestern Minnesota is feeling the flourish of the upturn. Shult’s Jeff Wedan says the positive effect is hitting the manufactured home industry in …
Bakken Continues to Spur Manufactured Home Industry Read More
The Rogers Park neighborhood in Chicago is the newest recipient of Starbucks’ modular drive-thru/walk-up coffee shop made of shipping containers, the sixth in the country for the 19,000 location chain. The units take about four people and two to three hours to unload and site them on the foundation. As …
The fully-equipped former Penn Lyon modular home plant outside Selinsgrove, Pennsylvania has been acquired by Arcon Group, Inc., a firm that specializes in managing modular construction that will now build its own modular units. Arcon founder Bud Miller, who once worked for Penn Lyon, expects to employ 100 within 18 …
Provider of equity research Sidoti & Company LLC has issued a BUY rating for the stock of manufactured housing community owner UMH Properties, Inc. based on its presence in the Utica and Marcellus Shale energy exploration region. Sidoti says an influx of workers and families to the area, which includes …
Producer of modular workforce buildings, mobile offices, and permanent modular buildings, Canada’s Atco Ltd. has sold its half of the joint venture in South America with Tecno Fast to its partner for Canada $124 million. The sale includes assets in Brazil, Chile, Colombia and Peru, according to winnipegfreepress.com. With 8,800 …
The Britco Division of WesternOne, Inc. has entered a $100 million agreement to supply a major energy company with modular workforce accommodations in Northern Alberta, Canada. Comprised of over 1,500 rooms, 4-traders.com says the units will be built in Britco’s facilities in British Columbia, Canada. The project will get underway …
Modular Workforce Development Planned for Northern Canada Read More
A modular dwelling which sits atop an eight-story building in downtown Hobart, Tasmania, Australia could be re-located in two years to a suburban area, a remote mountaintop or a beachfront. Created by Rosevear Architects and Tasmanian property developer Brett Torossi, each module is 10.5 feet wide X 22 feet long …
One of the biggest investors in U.S. real estate in the ’90s and early part of the century, only 30 percent of Sam Zell’s personal investment portfolio is in real estate, compared to 50 percent in the 1990’s. According to the worldpropertychannel.com, billionaire Zell told The Wall Street Journal, “We’re …
Updating a story we last posted Sept. 4, 2013 about the acquisition of two manufactured housing community (MHCs) properties by Ingenia Communities in Australia, MHProNews has learned the company has raised $61.5 million to fund the acquisition of eight additional MHCs. Although contracts have been exchanged on only the Drifters …
Australian Firm Focusing Exclusively on Manufactured Housing Communities Read More
With a background in law and engineering, Brian Hess has been chosen as the Chassis Division Product Manager at Lippert Components, Inc., (LCI) a subsidiary of Drew Industries, Inc. (NYSE:DW). In this new role within the chassis division, Hess will work closely with customers and the research and development team …
Lippert Appoints Hess to New Role in Chassis Division Read More
John Swecker, Hall of Fame member of the Virginia Manufactured and Modular Housing Association (VAMMHA), has passed away. He was General Manager of Clayton Homes at the Henderson and Oxford plants. MHProNews extends its deepest sympathies to the family. (Image credit: Fotosearch)
Elkhart, Indiana-based Patrick Industries (NASDAQ:PATK) announces the acquisition of Frontline, Mfg., Inc. and Premier Concepts, Inc., two related companies, both of nearby Warsaw, IN for $8 million. Frontline manufactures bath fixtures for the manufactured housing and recreational vehicle markets, and has projected revenues for this year of $15 million. Premier …
Updating a story MHProNews initially developed July, 1, 2013 regarding the siting of the first of five modular homes by Indy Mod Homes in Indianapolis, builder Ursula David, in her first foray into the modular home industry, has moved into the home, according to ibj.com. Sited just northeast of downtown …
RSI’s modular home factory in Mira Loma, California has begun production once again, as pent-up demand, rising home prices, low for sale inventory and the need for affordable housing hits southern CA. Acquiring land during the housing downturn, the company has 100 lots in Orange County, plus numerous in-fill lots …
Ingenia Communities (ASX ticker:INA) of Sydney, Australia has acquired two manufactured home communities in Mudgee, New South Wales, Australia for $11.2 million. The Mudgee Valley Tourist Park had a price tag of $4 million, according to proactiveinvestors.com.au, while the Mudgee Tourist and Van Resort sold for $7.2 million. Ingenia specializes …
