Private investment firm Park Street Partners acquired the Cherrywoods Manufactured Home Community in the Kansas City area. The 45-homesite all age, four star community sits on six acres in Ottawa, Kansas, reports motoemag.com. Jefferson Lilly of Park Street says the company intends to make Cherrywoods into “the premier affordable housing option for families on a budget in Ottawa.” While the terms of the sale were not disclosed, the community was built in 1997, and Broker Jeff Mueller, formerly of Marcus & Millichap and now with CBRE, represented the seller. MHProNews understands Park Street, headquartered in Ladera Ranch, California has investments in a number of manufactured housing communities in several states. ##
