Following MHProNews‘ story yesterday (Sept. 9. 2015) about the sale of $6.38 million worth of Patrick Industries, Inc. (NASDAQ:PATK) stock on Sept. 4, 2015 by Tontine Capital Partners LP, the company continues to hold 12.78 percent of Patrick’s market cap, equivalent to two million shares. The significance of this unloading …
MHProNews has learned Michigan-based MHRE, which specializes in the marketing of manufactured home and recreational vehicle communities across the country, has orchestrated the sale of a three property, all age manufactured home community portfolio comprised of 921 home sites, all in Michigan. The sale includes community owned manufactured homes and …
MHRE Arranges Sale of Three Manufactured Home Community Package Read More
The Ford County Commission in Dodge City, Kansas denied Rosario N. Acosta-Aponte’s request to rezone residential land on Highway 50 to commercial for selling manufactured homes. He wanted to display five homes built in 2000 or later and would not take trade-ins, as dodgeglobe tells MHProNews. Zoning Administrator Mark Shriwise …
Rezoning Request Denied for Manufactured Home Retailer Read More
Calling it the tallest modular wood structure in the country, Professional Building Systems, Inc. two weeks ago began stacking the 42 apartments that will serve as affordable housing for students of New York Medical College in Paterson, New Jersey. Standing 60 feet and six inches tall, the building will provide …
Modular Apartment Building will House Med Students Read More
Updating a story MHProNews posted Sept. 3, 2015 regarding the sale of Patrick Industries, Inc. (NASDAQ:PATK) stock by two major shareholders, one of them, Tontine Capital Partners LP, unloaded another 143,950 shares of Patrick on Sept. 4, 2015. In a filing with the Securities and Exchange Commission, according to dakotafinancialnews, …
Major Shareholder Unloads $6.3 million of Patrick Industries Stock Read More
MHProNews has learned from ktuu-tv that the housing market in Anchorage, Alaska is very tight, with 40 percent of all renters in the Mat Su Valley earning $40,000 a year or less. In response, Weidner Property Management has sited over 200 new manufactured homes in a rental complex. The Alaska …
Alaska Program offers Subsidized Manufactured Homes to Low-Income Renters Read More
MHProNews has learned from marketwatch that real estate investment trust (REIT) Sun Communities, Inc. (NYSE:SUI), owner and operator of manufactured home and recreational vehicle communities, has declared a quarterly distribution of $0.65 per share of common stock for Q3 2015, payable Oct. 16, 2015 to shareholders of record as of …
Sun Communities Declares Stockholder Dividends for Third Quarter Read More
If Bill Stetson and other residents at Green Meadows Mobile Home Park in Concord, New Hampshire so choose, they may become the 114th co-operative owners of their own manufactured home community (MHC) in the state. A resident of Green Meadows for 31 years, he said, “This is an opportunity that …
Residents of Land Lease Community may Seek Co-operative Ownership Read More
Following a story MHProNews last published June 4, 2015 regarding the impending closing and planned relocation of residents of Wheel Inn Ranch RV and Mobile Home Park in Scottsdale, Arizona, the city’s Human Services Department will help residents, many of whom are elderly and/or disabled, in their transition. While MHP …
Manufactured Home Community Residents Get Help from City, Fellow Citizens Read More
Following a story MHProNews last published April 10, 2015 regarding the continuing hit-and-miss saga of Forest City Ratner’s 34-story modular tower at the Barclay Center in Brooklyn, B2, curbed.ny reports a Freedom of Information Law (FOIL) request reveals there was considerable water damage in April and July, 2014. However, problems …
Documents Reveal Major Problems at Large NYC Modular Project Read More
Twin Town Homes was incorporated in Maine 60 years ago and Bob Huatori has been there for 50 of those years, starting as a lot boy when he was 20, becoming president 25 years ago, and inheriting the business in 2006 when the son of the founder, Hayward Luck, passed …
A public-private collaboration between the Maryville-Alcoa-Blount County Parks and Recreation Commission and Clayton Homes has resulted in a first class 18-hole disc golf course being developed on the 240-acre campus of the nation’s largest builder of manufactured and modular homes. The facility, called The Claytons, covers 120 acres, and has …
Clayton Homes Opens Campus to Public Disc Golf Course Read More
Capital One informs MHProNews that it arranged a $4.9 million fixed-rate Fannie Mae loan for the acquisition of a manufactured home community (MHC) in Canyonville, Oregon, 185 miles south of Portland. Completed in 2009, Knoll Terrace is a 134-homesite age-restricted community in a forested area, and the homes have two-car …
Fannie Mae Loan Arranged for sale of Manufactured Home Community in Oregon Read More
In a research report issued on Tuesday, C. L. King upgraded Patrick Industries (NASDAQ:PATK) from a “buy” rating to a “strong buy” rating, according to dakotafinancialnews. A manufacturer of component products and distributor of building products and materials to the manufactured housing (MH) and recreational vehicle (RV) industries, company stock …
Patrick Industries’ Stock Rises following Acquisition Read More
A pioneer and innovator in the manufactured home industry in Georgia for over 35 years, William “Bill” Edwards passed away in Moultrie, Georgia Aug. 31, 2015. He co-founded Destiny Industries, Inc. in 1978 as a HUD Code manufacturer, building a distribution network across the southeastern U. S. with sales growing …
As elkharttruth reports, Patrick Industries of Elkhart, Indiana has acquired North American Forest Products, Inc. and its wholly-owned subsidiary, North American Moulding LLC of Edwardsburg, Michigan for $85 million. North American manufactures and distributes wood and wood products primarily used in the production of manufactured homes (MH) and recreational vehicles …
The Insurance Institute for Business and Home Safety (IBHS) has officially recognized Palm Harbor Homes for its production of the first ever disaster resistant modular home designed to significantly reduce property damage during a severe storm. Produced in Palm Harbor’s facility in Plant City, Florida, realestaerama tells MHProNews this is …
Palm Harbor Constructing tougher Modular Home to Withstand Hurricanes Read More
Daily Business News reporter Matthew J. Silver proudly states his step-son and daughter-in-law, Jonathan and Ashley Brooks, have gained national attention and accolades for their new restaurant, Milktooth, in Indianapolis. Serving brunch six days a week, 7AM -3PM, each dish is prepared on the spot when ordered, using the freshest …
Following a story that MHProNews last reported June 20, 2015 regarding UMH Properties, Inc.’s long-time plan to build either a manufactured or modular home community on 106 acres it owns in the Village of Coxsackie, New York, while UMH (NYSE:UMH) wants to move forward with the project, the village is …
UMH Properties Pushing to Develop Manufactured/Modular Home Community in New York Read More
MHProNews has learned from prnewswire that David M. Smith has joined Drew Industries, Inc. (NYSE:DW) as Chief Financial Officer (CFO), succeeding Joseph S. Giordano III, who held that position since 2008. Mr. Giordano will remain with the company temporarily to ensure a smooth transition. Mr. Smith, 52, has been Senior …
