Southfield, Michigan-based Sun Communities, Inc., in it release of 2nd quarter 2014 financials, reports funds from operations (FFO) was $34.7 million, or $0.78 per share, versus $27 million or $0.69 per share for the comparable period in 2013. Net income attributable to common stockholders for the second quarter of 2014 …
Sun Communities Reports Positive Financials for Q2 Read More
Margeurite Nader, CEO and President of Equity LifeStyle Properties (NYSE:ELS), in discussing second quarter 2014 results, reports the company experienced its 19th consecutive quarter of occupancy growth, with homeowner occupied sites increasing by 113, and home renter sites rose by only two. Last year, by comparison, ELS had lost 189 …
MHProNews has learned from the RV/MH Hall of Fame that the 400 reservations for this year’s Hall of Fame Induction Dinner Aug. 4, 2014 have already surpassed the 311 who attended last year, and Darryl Searer, president of the Hall of Fame, expects to exceed the 434 record high. The …
Reservations for RV/MH Hall of Fame Ceremony nearing Record Read More
According to what wkrb13.com informs MHProNews.com, Equity LifeStyleProperties, Inc. (NYSE:ELS) will release its financial results for Q2 2014 on Tuesday, July 22, 2014, at 11AM eastern time. Analysts anticipate earnings will be announced as $0.61 per share with revenue of $179.61 million. In Q1 2014 the company beat analysts estimates …
Elkhart, Indiana-based Drew Industries, Inc. (NYSE:DW) will release its second quarter 2014 financial results on Fri., August 1, 2014 before the market opens followed by a conference call at 11 AM eastern time later that same morning. As digitaljournal.com reports, the question-and-answer session will be limited to analysts and institutional …
According to wsj.com, Elkhart, Indiana-based Patrick Industries, Inc. (NASDADQ:PATK) will release its second quarter financial results before the market opens Tuesday, July 29, 2014, followed by a conference call later that same morning at 10:00 A.M. eastern time. The question-and-answer session will be limited to investors and analysts, and will …
Commercial real estate investment services firm Marcus & Millichap (NYSE:MMI) arranged the sale of Rainbow Rock Mobile Home Park in Plant City, Florida from a Wisconsin-based limited liability company to a private investor from Washington for $1.28 million. Built in 1954, the community sits on about ten acres and is …
MHProNews.com has learned from wsj.com that real estate investment trust (REIT) Sun Communities, Inc. has set its earnings release and conference call dates for the second quarter, 2014. The results will be announced before the market opens Thurs., July 24 with a conference to follow later that day at 11:00 …
The RV/MH Hall of Fame Selection Committee announces it is accepting nominations for the Class of 2015. “The Hall welcomes nominations from all RV and manufactured housing sectors — manufacturers, dealers, campgrounds, housing communities, suppliers, user groups, trade media, associations, etc.,” says Darryl Searer, president of the Hall of Fame. …
According to etfdailynews.com, Jeffrey Gundlach, CEO of DoubleLine Capital, said at the Sohn Investment Conference, “Single-family housing is overrated. Renting is more appealing across all age groups, all parts of the U.S., city, suburb, small town and rural.” Investor Bill Miller of Legg Mason disagreed, saying housing affordability and low …
Sam Zell: With Home Sales Skittish, Multifamily Rental is Good Investment Read More
BMO Capital Markets’ Senior Analyst Paul Adornato says the housing bubble has made mortgages tougher to get, leading people to manufactured housing (MH), and since manufactured home community owner Sun Communities, Inc. is poised to take advantage of the situation, their stock has been bumped up to an outperform rating, …
Housing Bubble Drawing People back to Manufactured Housing Read More
RV/MH Hall of Fame President Darryl Searer, in delivering a eulogy at the funeral of Jay Hesse, his friend, a customer and competitor for almost 25 years, said: “Standing in life a full 6-foot, 5-inches, Jay was a giant of a man, not only in physical stature, but also as …
Jay Hesse Eulogy delivered by RV/MH Museum Head Darryl Searer Read More
Lippert Components, Inc. (LCI) a wholly-owned subsidiary of Drew Industries, Inc. of Elkhart, Indiana announces its exclusive agreement with Shanghai Lixin Trading Co. Ltd. for the distribution of LCI products to the growing Chinese caravan, recreational vehicle and utility trailer markets. Shanghai Lixin recently created a special division to deal …
A major player in the manufactured housing industry in Elkhart County, Indiana since 1964 passed away June 25. Jack Tuff, founder of Tops Mobile Home Centers and several manufactured housing communities, and an early supporter of what became the RV/MH Hall of Fame, began his MH career in Fort Knox, …
RVBusiness.com reports Elkhart, Indiana-based Patrick Industries, Inc. has acquired Foremost Fabricators LLC, a manufacturer of fabricated aluminum products, fiber reinforced polyester sheet and coil, and custom laminated products primarily for the recreational vehicle (RV) market. While expected annual revenues will total $75 million, MHProNews has learned the net purchase price …
Patrick Acquires Aluminum Products Producer Foremost Fabricators Read More
Western Petroleum LLC and its parent company, Pilot Logistics, are facing up to $30 million in fines for a crew camp violating zoning regulations in North Dakota’s Bakken oil patch, according to crookstontimes.com. The Williston Herald reports a conditional use permit for the site was approved in 2011 for 40 …
Crew Camp Operator Facing nearly $30 Million Fines in Bakken Oil Field Read More
The board of directors of real estate investment trust (REIT) Sun Communities, Inc. (SUI) announces it has declared a quarterly distribution of $0.65 per share of common stock for Q2 2014, according to marketwatch.com. Distribution is payable July 18, 2014 to shareholders of record as of June 30, 2014. The …
The Martin County Board of Commissioners in Florida adopted an interim moratorium on building permits for the construction of modular homes in residential future land use designations, according to tcpalm.com. Meanwhile, MHProNews understands the county planning agency proposes to amend Article 3 and Article 6 to distinguish between modular homes, …
Drew Industries, Inc. (DW) has announced that its wholly-owned subsidiary, Lippert Components, Inc. (LCI), has acquired the recreational vehicle (RV) business of Actuant Corporation for $33.5 million, according to marketwatch.com. The manufacturer of leveling systems, slideout mechanisms and steps primarily for the RV business under the Power Gear® and Kwikee® …
In a wide-ranging interview on Fox Business Network’s Opening Bell with Maria Bartiromo, Chairman of Equity LifeStyle International, Sam Zell, says he may not be young enough to see the final tapering of the Federal Reserve’s stimulus, despite most observers saying it will end in October, as housingwire.com tells MHProNews. …
