You searched for manufactured home communities - Page 6 of 339 - Manufactured and Modular Housing Industry News

Jul 22 2015

PSP Seeks Manufactured Home Communities to Provide Affordable Housing

By Matthew Silver / July 22, 2015 July 22, 2015 / Business, Communities, Company News, home buyers, Manufactured and Modular Housing News, Manufactured Homes

Park Street Partners (PSP) of Ladera Ranch, California informs MHProNews it has purchased Desert Trails Mobile Home Park in Green River, Wyoming, marking its seventh manufactured home community (MHC), but its first acquisition of the year, according to pressreleaserocket. Noting the community’s occupancy increased during the closing period, co-founder of …

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Jul 15 2015

Manufactured Home Communities need Specialized Attorneys

By Matthew Silver / July 15, 2015 July 15, 2015 / Business, Communities, Legal, Manufactured and Modular Housing News, Manufactured Homes, People, regulation

Executive Director of the Iowa Manufactured Housing Association (IMHA) Joe Kelly tells MHProNews recent court decisions have made it more important than ever for manufactured home community (MHC) operators, regardless of their size, to have their leases and other written documents vetted by an attorney who knows real estate law …

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Jun 8 2015

UMH Negotiating for Six more Manufactured Home Communities, Presenting at NAREIT REIT Week

By Matthew Silver / June 8, 2015 June 8, 2015 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has learned Freehold, New Jersey-based UMH Properties, Inc. (NYSE:UMH) has agreed to acquire six manufactured home communities (MHCs) in Indiana, Ohio and Michigan for $68.6 million. The all-age communities contain a total of 2,200 developed sites, according to prnewswire. Barring any problems, the transaction is set to be finalized …

UMH Negotiating for Six more Manufactured Home Communities, Presenting at NAREIT REIT Week Read More

May 21 2015May 21, 2015

CBRE Arranges Refinancing for Manufactured Home Communities

By Matthew Silver / May 21, 2015 May 21, 2015 / Business, Communities, Company News, Finance, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has learned Franklin Management Group of Newport News, Virginia has arranged $18.8 million in refinancing for five of the more than 20 manufactured home communities (MHCs) it owns. The long-term fixed rate non-recourse recapitalization was arranged by CBRE (Coldwell Banker Richard Ellis)-Hampton Roads. The five properties, comprising 2,600 homesites, …

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May 5 2015

Updated Rent Stabilization for Manufactured Home Communities due in June

By Matthew Silver / May 5, 2015 May 5, 2015 / Legal, Manufactured and Modular Housing News, Manufactured Homes, regulation

Rick Robinson of the Manufactured Housing Institute (MHI) has informed MHProNews that the city council of El Monte, California, county of Los Angeles, on March 30, 2015 approved Urgency Ordinance No. 2852 to extend the existing manufactured home (MH) rent stabilization for an additional three months, through July 3, 2015. …

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May 4 2015May 3, 2015

Resident-owned Manufactured Home Communities Celebrates 10,000th Homesite

By Matthew Silver / May 4, 2015 May 3, 2015 / Business, Communities, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes, Small Business

ROC USA (resident-owned communities) informs MHProNews that with the co-op status of Turnpike Park Cooperative in Westborough, Massachusetts secured, it has now transformed 168 communities representing 10,017 homes in 14 states into resident ownership. Scott Knox, president of Turnpike’s board of directors of the 46 homes which refinanced its purchase …

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Apr 27 2015April 26, 2015

New South Wales Review may Ease Restrictions on Manufactured Home Communities

By Matthew Silver / April 27, 2015 April 26, 2015 / Business, Communities, Legal, Manufactured and Modular Housing News, Manufactured Homes, RV

A government review in New South Wales (NSW), Australia set to begin this month is intended to make it easier for developers to re-purpose greenfield sites into manufactured home communities (MHCs) and caravan (recreational vehicle) sites, according to what dailytelegraph informs MHPronews. Bob Browne, NSW general counsel for Camping, Caravan …

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Apr 24 2015

UMH Closes on Two Manufactured Home Communities

By Matthew Silver / April 24, 2015 April 24, 2015 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has learned that UMH Properties, Inc. has closed on two manufactured home communities (MHC) in western Pennsylvania for $5.3 million. The all-age communities have 324 homesites situated on 141 acres with an average occupancy of 63 percent. As streetinsider reports, this acquisition UMH now owns 91 MHCs with 15,500 …

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Apr 22 2015April 23, 2015

Return on Investment for Manufactured Home Communities Grows

By Matthew Silver / April 22, 2015 April 23, 2015 / Business, Communities, Company News, Economy, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Trends

As incomes stagnate, leading to higher demand for low-cost housing, manufactured home communities (MHC) are becoming a larger draw, and MHC owners are raising rents. In addition, few new MHCs are being built, so the larger companies such as Equity LifeStyle Properties, Sun Communities and UMH Properties, Inc., all three …

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Apr 2 2015

Sun Closes on Orlando area Manufactured Home Communities

By Matthew Silver / April 2, 2015 April 2, 2015 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has learned from NASDAQ that Sun Communities, Inc. has closed on the $256.2 million deal for seven manufactured home communities comprised of 3,130 homesites, and 60 percent of which are age-restricted communities. Ninety-six percent of the sites are occupied, and there are 380 additional sites that could be developed. …

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Mar 30 2015March 30, 2015

Rising Land Values Force Older Manufactured Home Communities Out

By Matthew Silver / March 30, 2015 March 30, 2015 / Business, Communities, Factory-Built Homes, Legal, Manufactured and Modular Housing News, Manufactured Homes, mobile home, Trends

All across Florida many manufactured home communities (MHCs), often filled with pre-HUD Code homes, many of which are too decrepit to move or do not meet construction standards required in other communities, are being re-purposed and developed into more lucrative uses. Some are on scenic waterways that were out of …

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Mar 25 2015March 25, 2015

Demand, Sales Rise for Manufactured Home Communities

By Matthew Silver / March 25, 2015 March 25, 2015 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes

KW Communications has informed MHProNews that Federal Capital Partners and Horizon Land Co. LLC have purchased eleven manufactured home communities (MHCs), primarily in western New York, for $88 million. This 2,413 home site transaction brings to 32 MHCs the two companies own with a total of 5,600 home sites. The largest …

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Mar 23 2015March 20, 2015

Manufactured Home Communities Top the REIT Charts

By Matthew Silver / March 23, 2015 March 20, 2015 / Business, Communities, Company News, Economy, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has learned from Benzinga that 2015’s best performing real estate investment trusts (REITs) are manufactured home community owners. Equity LifeStyle Properties, Inc. (ELS), Sun Communities, Inc.(SUI) and UMH Properties, Inc. (UMH) averaged a 9.4 percent growth rate this year through mid-March. Sun owns and operates 242 MH and RV …

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Mar 19 2015

Atlantic Canada Firm Acquiring Manufactured Home Communities

By Matthew Silver / March 19, 2015 March 19, 2015 / Business, Canada, Communities, Company News, Manufactured Homes

MHProNews has learned from ngnews.ca that Blair van Veld was chosen vice president of the Manufactured Housing Association of Atlantic Canada (MHAAC) in February. He and his father, Tony, own Twin Rivers Properties and Home Sales in Pictou, Nova Scotia, Canada near the Northumberland Strait. The company recently acquired its …

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Mar 17 2015

Largo Secures Financing for Manufactured Home Communities

By Matthew Silver / March 17, 2015 March 17, 2015 / Business, Communities, Company News, Finance, Manufactured and Modular Housing News

MHProNews has learned from multihousingnews that Largo Group of Cos. has arranged a $33 million financing package for six manufactured home communities (MHC). Four of the communities account for $16.65 million of the total, and are comprised of 565 homesites. They are: An eighty-acre development in Raleigh, North Carolina comprised …

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Mar 11 2015July 25, 2019

Oil Price Drop not Affecting Manufactured Home Communities in Texas Town

By Matthew Silver / March 11, 2015 July 25, 2019 / Communities, Manufactured and Modular Housing News, Manufactured Homes, People

Manufactured home communities around Midland, Texas where the oil industry has been bustling are not suffering despite the drop in international oil prices. Chase Gardaphe opened the 171-homesite Stonegate Manufactured Housing Community in Jan. 2014 and filled up in five months. He plans to open a larger community, saying a …

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Mar 11 2015March 10, 2015

City Council sets Rent Increases for Manufactured Home Communities

By Matthew Silver / March 11, 2015 March 10, 2015 / Business, Communities, Manufactured and Modular Housing News, Manufactured Homes

The Santa Clarita, California City Council is expected to approve a second hearing on rent increases for residents of manufactured homes following a Feb. meeting that saw dozens of MH residents oppose the minimum increases. Erin Lay, housing program administrator for the city, said one change from the first hearing …

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Mar 9 2015

Resident-Owned Manufactured Home Communities offer Savings

By Matthew Silver / March 9, 2015 March 9, 2015 / Business, Communities, Manufactured and Modular Housing News, Manufactured Homes, People

The Country Lakes Co-Op Inc., a resident-owned manufactured home community in Palmetto, Florida, with 471 homesites, has homes for sale with and without a co-op share. The homes range from $12,000 to about $35,000 without a co-op share, according to Judy Smith who lives here and is licensed to sell …

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Mar 2 2015February 28, 2015

Wall Street Is Waking Up to the Value of Manufactured Home Communities

By Sandra Lane / March 2, 2015 February 28, 2015 / Manufactured and Modular Housing News

Long-time manufactured home community owner Frank Rolfe says that it comes as no surprise that manufactured home communities are finally receiving the type of respect they deserved years ago. “Because of the ridiculous stereotype the media created for ‘trailer park’ residents, many professional investors avoided this asset class altogether,” he …

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Feb 2 2015February 2, 2015

New Rules Evoke Fear and Anger from Residents and Owners of Manufactured Home Communities in Idaho

By Sandra Lane / February 2, 2015 February 2, 2015 / Manufactured and Modular Housing News

Owners and residents of manufactured home communities in Garden City, Idaho, feel that city officials are trying to eliminate some or all of these communities. “They’ve been chipping away at our rights for years and years,” Dustin Block, who owns 10 manufactured home communities, explained. “This city is trying …

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