On August 5, 2016, MHRE sold Heartland Estates to Murex Properties, a Fort Myers-based company that owns and manages premier manufactured-housing communities throughout the United States.
Heartland Estates is a 278 site, Senior, 55+ manufactured housing community, nestled on a ridge, overlooking Lake Hester in central Florida. The community is about one-half mile west of U.S. 27, the principle north-south artery through Florida, and about 8 miles south of I-4. Heartland Estates provides an amenity-rich lifestyle with a 5,000-square-foot clubhouse, with a verandah overlooking both the heated swimming pool and the lake. The clubhouse and amenities include a ballroom, fitness center, kitchen, library, billiards, shuffleboard courts and horseshoes.
Enon Winkler, Partner with MHRE Inc. explained that “Our strong relationship and trust with the Seller allowed us to maximize value in a time where Sellers should be exploring their options”.
Chris Nortley, Managing Partner with MHRE Inc., added“Heartland Estates is one of the premier 5-star communities in Florida and is a perfect fit for the Buyer”.
“Heartland Estates provides its residents an outstanding active-retirement lifestyle, and is a good fit with our corporate culture which counts the satisfaction of our residents as a measure of success,” said Murex Properties President Steve Adler. “It is one of Florida’s premier communities with a well landscaped, low-density setting that allows for large lots.”
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.
Investment Summary
Size (acres): 39.13 +/-
Average Rent: $275
Total # Sites: 278
Cap Rate: 4.75%
Occupancy: 98%
Total Price: Undisclosed
Christopher Nortley
586-884-8416
chris@mhreinc.com
Enon Winkler
407-616-0250
enon@mhreinc.com
Ryan Opatich
586-884-8417
ryan@mhreinc.com