MHRE Inc. Announces Sales of 921 Uniprop Portfolio in Michigan

Michigan-headquartered MHRE Inc.  is the foremost real estate brokerage and advisory firm predicated exclusively in the manufactured housing and recreational vehicle asset class, is pleased to announce the sale of a 3.5 star institutional quality, 3-property, all age manufactured home community portfolio containing 921 land lease home sites located in the state of Michigan. The sale also includes full amenities packages for all three properties as well as related assets, including park owned manufactured homes and installment contracts. The Uniprop Michigan MHC Portfolio included the sale of Dutch Hills, Stonegate Manor and Camelot Manor.

MHRE Inc., Managing Director, Christopher Nortley procured the buyer of the asset for another succesful off market transaction.

Christopher Nortley, Managing Director commented, “We are pleased to announce the closing of these three communities.  The portfolio has a tremendous value add component, coupled with strong geographical demographics which will allow the buyer to implement their home leasing platform and significantly improve occupancy over the next 3 years to stabilization of approximately 85%.”

MHRE Inc. specializes in the sale of family and age-restricted manufactured home and rv communities across the country.  Please contact us if you have any questions about this press release or are looking to buy or sell manufactured home communities.

Contact Christopher Nortley at MHRE Inc. 586-884-8416 or chris@mhreinc.com for more information.

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