Carefree Communities, Inc., a new company created by Centerbridge Capital Partners II, LP, has acquired National RV Communities, which owns and operates 61 senior manufactured home (MH) and recreational vehicle (RV) communities, mostly in Fla. but also in six other states and Canada. Carefree is a private REIT (real estate …
New Company Operates Senior Manufactured Home Communities Read More
Dick Jennison, President and CEO of the Manufactured Housing Institute (MHI), will be keynote speaker at the annual RV/MH Hall of Fame Induction Dinner for the Class of 2013 Aug. 5 in Elkhart, Ind. With a background in advocacy and management, Jennison was chosen to lead MHI in Feb. 2012, …
Manufactured Housing Institute Head to Keynote RV/MH Induction Read More
Drew Industries, Inc., (NYSE:DW) had one of the highest return on assets (ROA) of all the recreational vehicle (RV) stocks on the New York Stock Exchange (NYSE). The parent company of Lippert Components and Kinro Inc., Drew has a trailing-twelve-month ROA rate of 9.37 percent, behind Polaris Industries with 22.44 …
Residents of the Dallas West Mobile Home/RV Park in Dallas, Tex. just minutes from downtown received fliers June 11 announcing they had until Aug. 31 to move or face eviction. Dallas-based Cienda Partners bought the property in 2006, one year after the city council rezoned the community for apartments, and …
Manufactured Housing Community Closing, Residents must move by Aug. 31 Read More
Elkhart County in northern Ind. topped the nation for job growth in 2012 with a rate of 7.4 percent from Dec. 2011 to Dec. 2012, as compared to a national rate of 1.9 percent, according to the U. S. Bureau of Labor Statistics. The county, and neighboring LaGrange County, are …
Indiana County has Highest Job Growth in the Nation Read More
Real estate investment trust (REIT) Sun Communities, Inc. announces it will release second quarter 2013 financial results before the market opens on Thursday, July 25, 2013 to be followed by a conference call that same morning at 11:00 AM (EST) to discuss the results. To participate, call toll-free 877-941-0844. The …
Honoring the centennial of America’s first paved transcontinental road, the Lincoln Highway, convoys representing a variety and age of motorized vehicles will set out both from Times Square in NYC and San Francisco to meet at the Great Platte River Arch Museum in Kearney, Nebraska. Joining the trek will be …
As virtual-strategy.com tells MHProNews from Olympia, Wash., the Manufactured Housing Recreational Vehicle (MHRV) Show Association has donated a portion of its ticket sales from shows in Feb. and May, 2013 to Washington State Parks. A special presentation was held in Olympia when the association presented a check for $7,188 to …
Manufactured Housing Supports Washington State Parks Read More
According to insidermonkey, Sun Communities, Inc. (NYSE:SUI), a real estate investment trust (REIT) that owns and operates 184 manufactured housing and recreational vehicle communities, returns a higher dividend yield (5.0% versus 2.6% for Equity Lifestyle Properties, Inc.) and is more capital efficient (ELS has a higher capex-to-sales ratio of 4.1 …
According to dailyfinance, MH component supplier Drew Industries is quick at turning cash outflows into cash inflows, based on a formula that may be just as important as income in determining the financial health of a company. The cash conversion cycle (CCC) calculates days inventory outstanding to days sales outstanding, …
As follow-up to a post MHProNews published April 8, 2013 about Lippert Components, Inc. requesting a tax break for expanding its operations at three plants in Goshen, Ind., according to the Goshen News approval came from the Goshen City Council May 7 for tax phase-ins. Component supplier to the manufactured …
The sacbee tells MHProNews Drew Industries, Inc. reports record net sales for the first quarter ending March 31, 2013 of $253 million, producing net income of $8.4 million, $0.36 per diluted share. An after-tax charge of $0.7 million for executive succession and relocating the company’s headquarters from New York to …
MHProNews has been informed by a special report the RV/MH Hall of Fame Museum’s “Burn the Bank Note” fundraiser succeeded in raising the final $20,000 with only hours to spare to meet the April 30 deadline, thereby satisfying the Ingram family’s $50,000 challenge grant. Darryl Searer, president of the Hall …
MarketWatch informs MHProNews real estate investment trust (REIT) Sun Communities, Inc. (NYSE:SUI) reports its funds from operations (FFO) in the first quarter of 2013 were $30.7 million, or $.90 per share versus $25.7 million for the same period in 2012, or $.89 per share. Net income attributable to common shareholders …
RVBusiness says Elkhart, Ind.-based Patrick Industries, Inc., a component supplier to the RV and MH markets, reports first quarter 2013 revenue increased 38.4 percent over the same period in 2012, moving from $102.7 million to $142.1 million in Q1 2013. Sales in the RV sector accounted for approximately 75 percent …
BizJournals informs MHProNews Yogi Bear’s Jellystone Park in New York’s Wyoming County has been acquired by Sun Communities, Inc. of Southfield, Mich. The 100-acre family camping resort, which includes cabins, tent and RV sites, has been owned and operated by Sue and Scott Crumpton since 2004, and has a variety …
According to ADVFN, Drew Industries, Inc. (NYSE:DW) will release its 2013 first quarter earnings report Fri. May 3, 2013 before the market opens, followed by a conference call at 11 AM EST that morning to discuss the results. While participation in the question and answer segment of the webcast will …
Updating a story we reported Feb. 20, 2013 about the Class of 2013 inductees into the RV/MH Hall of Fame Aug. 5, 2013, RVBusiness informs MHProNews that Mark Wasson of Bluelinx Corp., the newest board member and chairman of this year’s event has announced new events built around this year’s …
RVBusiness informs MHProNews Lippert Components, Inc. has asked the Goshen (Ind.) City Council for a tax break to expand its operations and hire 376 more employees by 2016, spending $10 million for new equipment. A division of Drew Industries, Inc., Lippert is a component supplier to the manufactured housing and …
In honor of Fleetwood Enterprises founder John C. Crean, the Crean Foundation has donated $60,000 to the RV/MH Hall of Fame’s “Burn the Bank Note” initiative to raise $150,000 by April 30, 2013, according to information MHProNews has received. The Robert “Boots” Ingram’s family challenge grant of $50,000 requires the …
