Patrick Industries, Inc., manufacturer and distributor of component parts for the manufactured housing and recreational vehicle industries will release its Q2 2013 financials before the market opens July 25, 2013. Based in Elkhart, Ind., Patrick reported a first quarter increase in revenue of 38.4 percent which produced income of $5 …
Working exclusively on behalf of Wynne Corporation to seek financing for two manufactured home communities (MHC) north of Los Angeles, HFF (Holliday Fenoglio Fowler, L.P.) secured acquisition financing for La Maria MHC in Santa Maria, Calif. and refinancing for Ojai Oaks Village in Ojai, Calif. La Maria is a 158-site …
Two California Land Lease Communities Obtain Financing Read More
A new development that will feature affordable, manufactured housing is set to rise on Horseshoe Bay South near Spiceland, Texas, just west of Austin. Owner of Austin Star Roofing Taurino Diego bought 163 undeveloped lots that he will build out for manufactured homes, along with realtor partner Dana Martin of …
Affordable Manufactured Housing Community for Texas Read More
Updating a story MHProNews last published May 27, 2013 regarding the plagued Sunset Village manufactured housing community in Glenview, Ill., new owners have purchased the property out of a three-year foreclosure. Former owner Richard Klarchek was sued by Cook County and the state for failing to adequately address water quality …
Real estate bargain-hunter mogul John Bushman of Odessa, Tex. started a used car business in Midland, in 1968 with $1,500. A year later opened he A-1 Homes, selling factory-built homes that grew to 23 locations and later included a factory making manufactured homes. The automobile business also did well, and …
Texas Investor Continues his Manufactured Housing Roots Read More
Killam Properties Inc. (TSX: KMP) will release its financial results for the second quarter ending June 30, 2013 on Wednesday, August 7, 2013, after the close of the market. A conference call to discuss the financials will be held on Thursday, August 8, 2013, at 12:00 PM EST. In Toronto …
Lippert Components, Inc., (LCI), a subsidiary of Drew Industries, Inc., has acquired certain assets and the engineering team of Midstates Tool and Die and Engineering, Inc. in Elkhart, Ind. Now renamed Lippert Automation, Tool and Die, the company builds automated equipment, production tooling, and progressive and one-hit stamping dies, and …
Updating a story we last posted Jan 29, 2013 regarding Forest City Ratner’s 32-story modular housing project in Brooklyn’s Atlantic Yards, two trade unions have sued to block the project. The Mechanical Contractors Association and the Plumbing Foundation allege Buildings Department Commissioner Robert LiMandri sidestepped a promise to use only …
Near the tip of Manhattan Island in New York City is rising the Big Apple’s first modular residential structure, a seven-story apartment building of concrete and steel. The Stack, as builder Gluck+ Architects calls it, is being assembled at the rate of four modules a day. All 56 of the …
Carefree Communities, Inc., a new company created by Centerbridge Capital Partners II, LP, has acquired National RV Communities, which owns and operates 61 senior manufactured home (MH) and recreational vehicle (RV) communities, mostly in Fla. but also in six other states and Canada. Carefree is a private REIT (real estate …
New Company Operates Senior Manufactured Home Communities Read More
Champion Homebuilders of Troy, Mich. has been selected to provide 36 modular homes as part of phase two of Detroit’s Penrose neighborhood rebuild. The initial 36 homes in the effort, orchestrated by developer Star Development Corp. of Ann Arbor, Mich., were also Champion products, as is Penrose Art Center, an …
The planning commission in Juneau, Alaska has approved a conditional use permit to replace a manufactured home site with a twelve unit multifamily apartment building. Proposed by Delta Park LLC, the two-story structure will sit on a parcel of land zoned for 18 dwelling per acre. Building projects have increased …
Private equity firm Green Courte Partners, LLC, of Lake Forest, Ill. has chosen Ryan Bowie as Managing Director in charge of investor relations, portfolio management and fundraising. Having spent 13 years in public and private real estate companies, including stints with Hyatt Hotels Corp. and Strategic Hotels and Resorts, Bowie …
Drew Industries, Inc., (NYSE:DW) had one of the highest return on assets (ROA) of all the recreational vehicle (RV) stocks on the New York Stock Exchange (NYSE). The parent company of Lippert Components and Kinro Inc., Drew has a trailing-twelve-month ROA rate of 9.37 percent, behind Polaris Industries with 22.44 …
Having recently spent $55,000 to upgrade infrastructure at the Country Squire Mobile Home Park in Harker Heights, Tex., that he acquired last fall, and another $30,000 for a new manufactured home model, Kip Lewis’ plans to rehabilitate the community are being stymied by the city council. He wants to replace …
Ordinances Prevent Rehabbing of Land Lease Community Read More
Hive Modular of Minneapolis suffered mightily during the recession, but the company has been growing in Canada, enough to have three locations: Altona in Manitoba, Toronto, and one will be set to the east in Quebec. Hive started as a “night job” in 2005 by Paul Stankey and two friends, …
Modular Designer begins in U. S., Flourishes in Canada Read More
Updating a story that began in 2006 when Garden Homes Management Corp. initially proposed a 124 site manufactured housing community in Oxford, Conn. that has been fraught with numerous hearings, court rulings, wetlands studies, appeals and professional reviews that we last covered Nov. 29, 2012, Garden Homes has a new …
Developer Continues its Pursuit of Manufactured Housing Community Read More
Manufactured home community owner UMH Properties, Inc. has declared a quarterly cash dividend of $0.18 a share on the company’s common stock payable Sept. 16, 2013 to shareholders of record Aug. 15, 2013. In addition, the board of directors announced a quarterly dividend of $0.51562 per share for the company’s …
Real estate investment trust (REIT) Sun Communities, Inc. announces it will release second quarter 2013 financial results before the market opens on Thursday, July 25, 2013 to be followed by a conference call that same morning at 11:00 AM (EST) to discuss the results. To participate, call toll-free 877-941-0844. The …
Just north and a little east of downtown Indianapolis five modular homes are set to be built in the Cottage Home area on a stretch of land surrounded by small, older homes from the late 1800’s. Priced at $300,000 to $350,000, the first two homes (already sold) will be 1,800 …
