The Daily Business News has provided in-depth coverage of the reaction to the National Public Radio (NPR) broadcast and story Mobile Home Park Owners Can Spoil An Affordable American Dream, and the attack on investor owned communities by MHAction. The ongoing response from the industry’s professionals is to keep pointing …
NPR, MHAction memo, Cities Raise Fees, Close Manufactured Home Communities too Read More
Colonial East, L.P. announced the opening of their indoor pool complex, the Manor House Pool, on November 5th, near Rehoboth Beach, Delaware. The new pool complex will serve residents of all of the Colonial East manufactured home communities including Sussex West, Sussex East, and Colonial East. According to the Cape …
Manufactured Home Communities Cut Ribbon on New Indoor Pool Complex Read More
Following the lead reported in the Daily Business News of several large investors – including a huge international move in the MHC sector – Shinko Asset Management Co. Ltd. increased its position in Sun Communities Inc. (NYSE:SUI) by 14,305.3% during the second quarter, according to Shinko’s most recent 13F filing with …
Another International Company Buying into U.S. Manufactured Home Communities Read More
MHProNews was privy to the August 5th conference call conducted by UMH Properties, Inc. Participants included corporate management, members from UMH’s Board, as well as analysts, advisors and investors familiar with the community and retail segments of the MH Industry. Nelli Madden, Director of Investor Relations hosted the call, as key …
In an attempt to preserve affordable housing, Oregon House Speaker Tina Kotek (D-Portland) convened a gathering at Portland City Hall to discuss what steps can be taken to preserve manufactured home communities (MHC), in the throes of a hot real estate market that sees them potentially jeopardized with redevelopment. Noting …
Oregon Legislator Wants to Preserve Manufactured Home Communities Read More
Following a post MHProNews last covered Dec. 17, 2015 regarding Spruceland Properties, Inc.’s disposition of its assets, as of June 1, 2016 it has finalized the sale of its two manufactured home communities for $40.6 million. Jubilee Landing in Sherwood Park, Alberta, and Willow Park Estates in Leduc, Alberta went …
Spruceland of Canada now Divested of its Two Manufactured Home Communities Read More
As Sheila Dey, Executive Director of the Western Manufactured Housing Communities Association (WMHCA), writes in publicceo, rent control is not the solution to the affordable housing crisis now gripping the state. Comparing a doctor trying to fix a broken leg by applying a band-aid, she said, “Government imposed regulations and …
Rent Control in Manufactured Home Communities Inhibits New Development Read More
A discussion at a meeting of the Preston (Minnesota) City Council centered around the height, placement and definition of “green belt” and “periphery” as it relates to manufactured housing (MH). Tim Johnston owns one of the two MHCs in town, as fillmorecountyjournal informs MHProNews. He planted a green belt several …
City Seeks New Ordinance for Screening Manufactured Home Communities Read More
Iowa American Water has acquired the water systems in three YES! Communities in Davenport, Iowa, adding 850 customers to its roster, as qconline tells MHProNews. Residents of Five Seasons, Lakewood Estates and Silver Creek manufactured home communities (MHC) have been receiving water from Iowa American but through a re-sale agreement. …
Water Company Acquires Water Systems in Manufactured Home Communities Read More
While terms of the acquisition were not disclosed, Zeman Homes, Inc. has informed MHProNews it has acquired four manufactured home communities (MHC) in the greater Detroit metropolitan area. All age communities Wagon Wheel, Wagon Wheel South, Carleton and Oak Haven have added 749 home sites to Zeman’s portfolio of MHCs, …
Zeman adds four Manufactured Home Communities to Portfolio Read More
MHProNews has learned from wave3 that Kentucky-based SSK Communities has acquired two manufactured home communities (MHCs) in Evansville, IN comprising 1,100 home sites, both of which will have new names. Eastbrook Manufactured Housing Park will become Waterford Pointe, and Westbrook Manufactured Home Park will be renamed Grandin Pointe. SSK partner …
SSK Adds Two Manufactured Home Communities in Indiana Read More
MHProNews has learned from newswire.ca that SpruceLand Properties, Inc. of Edmonton, Alberta, Canada has agreed to sell its portfolio of manufactured home communities (MHC) and commercial properties to two independent buyers for $101.6 million. The sale agreement for the two MHCs carries a price of $40.6 million, to be satisfied …
Spruceland of Canada selling both Manufactured Home Communities Read More
In an attempt to help keep illegal activity off rental property, the Cañon City (Colorado) Police Department (CCPD) Crime Prevention Unit became licensed to implement Crime Free Programs to bolster partnerships between law enforcement and owners and managers of rental properties. According to what canoncitydailyrecord tells MHProNews, the Crime Free …
Crime Prevention Techniques Targeted to Manufactured Home Communities Read More
MHProNews has learned from heraldpalladium the St. Joseph, Michigan commissioners heard the first reading on plans to alter zoning for multi-family districts so they would better blend in with other parts of the community. The planning commission had been directed to review the city’s R-3 zoning for properties that include …
St. Joseph, Michigan Amends Zoning to allow Manufactured Home Communities Read More
Based on rent and occupancy trends from July 2005 to July 2015 in Colorado, benzinga informs MHProNews that Datacomp reports occupancy rates in 55+ manufactured home communities (MHCs) have risen for the third consecutive year, and now stands at 90 percent, up 1.4 percent over July 2014. The national average …
Rent, Occupancy in Colorado Manufactured Home Communities Rise Read More
MHProNews has learned from 9news Caddis Capital Investments LLC of Littleton, Colorado has acquired two manufactured home communities (MHCs) for $7.725 million. Chancellor’s is a 121-home site community in Fountain, Colorado, and Woodland has 75 home sites in Woodland, WA. Using its current investment vehicle, Trico Fund III, Caddis teamed …
Caddis Capital Acquires Two Manufactured Home Communities Read More
Following a story MHProNews posted Feb. 27, 2014 regarding Winchester Ranch manufactured home community (MHC) in San Jose, California, the battle over some of the most expensive land in the country that sits under MHCs in Silicon Valley continues to burn brightly, much like the fires consuming parts of northern …
Battle Rages over Repurposing of California Manufactured Home Communities Read More
Of the forty-three manufactured homes in the Foothills and Riverbend Mobile Home Parks that were devastated in Lyons, Colorado by eight days of torrential rain and subsequent flooding, none have been replaced, dailycamera tells MHProNews. In fact, there is nothing to indicate that the disaster did not happen last week …
Manufactured Home Communities Wiped Out Forever by Raging River Read More
Kingsley Management Corp. of Provo, Utah has acquired two Manatee County, Florida 55+ manufactured home communities (MHC) for $27.8 million. The 244-home site Palm Bay was sold for $13.1 million, while the adjacent 235 home site Colonial Mobile Manor went for $14.7 million. Both communities, according to businessobserverfl, are in …
Two Age-Restricted Manufactured Home Communities sold to Kingsley Read More
Following a story MHProNews posted Aug. 8, 2015 regarding San Jose, California’s attempt to forestall the re-purposing of the city’s 59 land lease communities, mercurynews reports the San Jose City Council directed staff to develop an ordinance within two weeks that would prevent the city from processing any paperwork to …
San Jose wants a Six Month Moratorium on Re-purposing of Manufactured Home Communities Read More
