Freehold, New Jersey-based UMH Properties, Inc. (NYSE:UMH) has declared a quarterly dividend of $0.18 a share payable on Dec. 15, 2014 to stockholders on record as of Nov. 17, 2014. The dividend represents $0.72 on an annual basis, and a yield of 7.65 percent, according to watchlistnews.com. UMH closed down …
Following a story MHProNews has posted recently regarding Cavco Industries, Inc.’s attempt to acquire competitor Elkhart, Indiana-based Skyline Corporation, Indiana’s Control Shares Acquisition Statute makes a hostile takeover difficult. However, if the raider can persuade a majority of non-interested shareholders (meaning everyone besides management, and the raider) to give it …
Control Shares Statute may Protect Skyline from Cavco Read More
While Skyline Corp. of Elkhart, Indiana is determining what suitor, if any, will acquire all or part of the company, founder Art Decio has agreed to donate $20,000 for high definition movie equipment for the Roosevelt Center gymnasium in Elkhart, where he and Mayor Dick Moore played basketball some 60 …
Skyline Founder Art Decio Donates Movie Equipment to Boyhood Gym Read More
The 2015 Louisville Manufactured Housing Show will be held Wed., January 21 through Friday January 23 at the Kentucky Exposition Center near the Louisville Airport. The show has grown each year recently in attendance, number of exhibitors and number of manufactured homes on display, providing a marketplace for builders, developers, …
Dates Set for Louisville Manufactured Housing Show Read More
The RV/MH Hall of Fame has issued a reminder that the deadline for nominations for inductees into the Class of 2015 will end Oct. 31, with selections made in Jan. 2015. Nominees must have 25 years experience in any segment of the manufactured housing or recreational vehicle industry in order …
During the Manufactured Housing Institute’s (MHI) 78th annual meeting, Darryl Searer, chairman and president of the RV/MH Hall of Fame and Barry Cole, president of MH Insurance Services and past chairman of the Hall, urged assistance from the attendees to help retire the Hall’s debt, which has resulted from prior …
RV/MH Hall of Fame Kicks off New Fundraiser Challenge Read More
In response to Cavco Industries, Inc. attempt to acquire Skyline Corporation following Skyline’s announcement it will spin off its RV division to Evergreen Recreational Vehicles, LLC, as MHProNews reported Sept. 29, cnnmoney.com reports the company’s board of directors issued a statement: “Our Board has established a special committee tasked to …
McGill Commercial of Beaverton, Oregon wants to build an age-restricted, 103-homesite manufactured housing community at the northern edge of Florence, OR, according to register-guard.com. On July 7, the city council voted unanimously to change the zoning from commercial to manufactured homes. McGill paid $450,000 for the 13.7-acre tract, and plans …
Following on the heels of Skyline Corporation’s tentative agreement to sell its recreational vehicle (RV) division to Evergreen Recreational Vehicles LLC, as MHProNews reported Sept. 26, Cavco Industries, Inc. announced that it has attempted for the past 30 days, through various channels, to open a dialogue with the Skyline board …
Cavco Industries Attempting to Acquire Skyline Corp. Read More
Evergreen Recreational Vehicles of Middlebury, Indiana and Skyline Corp., (SKY) producer of manufactured and modular homes and recreational vehicles, have signed a letter of interest for Evergreen to acquire all the assets of Skyline’s RV division. According to insurancenewsnet.com, Kelly L. Rose, board chairman of Evergreen, says, “I am very …
Harvard University’s Joint Center on Housing report on senior housing notes an American Association of Retired Persons (AARP) study focuses on four areas: hunger, isolation, housing and income. Of the four, housing is a linchpin for overall well-being. Many older adults sacrifice food, health care and transportation to maintain a …
Adequate Senior Housing Lacking in many Communities Read More
Killam Properties, Inc. (TSE:KMP) has announced a dividend of $0.05 per share on Wed. Oct 15, 2014 to shareholders of record on Sept. 30, according to watchlistnews.com. This represents a dividend yield of 5.76 percent. With five analysts having issued a hold rating and two a buy rating, Killam has …
Mario Gabelli, with over $19 million invested in stocks, has reduced his position in Skyline Corp., a producer of manufactured homes and recreational vehicles, by 3.21 percent. He now holds 406,700 shares, which represents 4.85 percent of the company, according to yahoofinance.com. Gabelli has decreased his holdings in the company …
Marcus & Millichap’s Manufactured Housing Research Report says rising home prices, improving job outlook and an expanding baby boomer population are adding to increased occupancy in manufactured home communities (MHCs), a trend the real estate investment services company reports will continue. Concurrently, investors looking for large, top quality communities with …
Report Cites Uptick in Demand for MHCs by Investors and Baby Boomers Read More
Following a story MHProNews posted Sept. 17 regarding Sun Communities, Inc.’s (SUI) announcement of a public offering to raise shares to help fund its recent $1.32 billion acquisition of 59 manufactured housing communities (MHCs) from Green Courte Partners, LLC, the offering is now closed. The 6,900,000 shares of commons stock, …
In honor of Manufacturing Day, with over 1,500 events scheduled around the nation the first week of October, six Deming, New Mexico businesses are leading tours of their facilities, according to demingheadlight.com. Participants in this town in southwest New Mexico will board a morning bus Oct. 2, 2014, and one …
Equity LifeStyle Properties, Inc. (ELS) will pay a cash dividend of $0.325 per share Oct. 10, 2014 to shareholders of record Sept. 24, 2014, marking the third quarter the company has paid the same dividend. The dividend yield is 3.08 percent at the stock price of $42.25, according to nasdaq.com. …
Zacks Forecasts Profitable year for Equity LifeStyle Properties Read More
While current Federal Aviation Administration (FAA) rules prohibit the use of Unmanned Aerial Vehicles (UAVs), commonly called drones, for commercial purposes, the National Association of Realtors (NAR) has sent a letter to the FAA asking for an exception since their motives have nothing to do with safety concerns. The NAR …
The Manufactured Housing Institute (MHI) reports Centerline Capital Group has changed its name to Hunt Mortgage Group after being acquired by Hunt Companies, Inc. Hunt provides financing for manufactured housing, student housing, co-ops and affordable rental homes. Woody Hunt, Hunt Cos. Chairman and CEO, said, “The acquisition of Centerline was …
Centerline Capital’s new name is Hunt Mortgage Group Read More
Real estate investment trust (REIT) Origen Financial, Inc. of Southfield, Michigan, which manages interests in securitized loan portfolios backed by manufactured housing, will dissolve and liquidate after selling it assets to an affiliate of GoldenTree Asset Management LP for $47 million, according to the Manufactured Housing Institute (MHI). MHProNews has …
