Patio Garden Mobile Home Community, a 90-site, senior manufactured home community (MHC) in Mesa, Ariz., was sold by Marcus & Millichap (NYSE:MMI) for $4.5 million, according to sddt.com. The transaction was part of a 1031 exchange for a San Diego apartment portfolio, MHProNews has learned. Douglas Danny, of M&M’s National Manufactured Home Community Group, was the principal in the deal. Built in 1977 on 9.52 acres, the fully occupied community includes 73 MHC sites and17 sites for recreational vehicles (Rvs), as well as a clubhouse, laundry facilities and a car and RV wash. ##

(Image credit: Marcus & Millichap)