RVBusiness tells MHProNews.com Sun Communities, Inc. is offering four million shares of its common stock at $35.50 per share, a sale that is set to yield $142 million. As part of the underwritten registered public offering, Sun has granted the underwriters a 30-day option to purchase 600,000 additional shares. The …
GoshenNews reports from Goshen, Indiana, that employees of Lippert Components, Inc., donated gifts valued at more than $5,000 to members of the Boys and Girls Club of Goshen who otherwise would not have a Christmas. Food was provided to many families during the holidays, and 175 gift bags were distributed …
Employees of MH Component Manufacturer Help the Needy Read More
RVTimes tells MHProNews.com the RV/MH Hall of Fame Museum in Elkhart, Indiana, has managed to keep its doors open despite a debt of nearly $5 million as of last April when Tom McNulty took the reins as executive director. He says, “There are some good things happening and actually our …
Sun Communities, Inc. announced yesterday that, on December 16 it acquired three Florida recreational vehicle communities, personal property and other associated intangibles from Club Naples RV Resort LLC, Kountree RV Resort LLC and North Lake RV Resort LLC for an aggregate purchase price of $25.0 million. In connection with these …
Sun Communities Acquires Recreational Vehicle Communities Read More
SacBee reports MH and RV component manufacturer and distributor Patrick Industries, Inc., has finalized its acquisition of Elkhart, Indiana-based Performance Graphics, a designer, producer, and installer of exterior graphics for the RV, marine, enclosed trailer, and racing industries. Todd Cleveland, President and CEO of Patrick, said, “The acquisition of Performance …
MarketWatch reports from Eagle, Idaho, that Terrence J. Sheldon has resigned from the board of directors of T.J.T., Inc., effective Dec. 15, 2011. T.J.T. is a major supplier of recycled axles and tires to the manufactured housing industry, serving 14 western states from its recycling facilities in Idaho and California. …
Following up on a story from Dec. 6, 2011, Daily-Times reports from Farmington, New Mexico, the San Juan County Commissioners passed an ordinance requiring new MHC and RV developments to have their waste systems approved by the New Mexico Environment Department (NMED). Dennis McQuillan, Liquid Waste Manager with NMED, says …
MarketWatch reports real estate investment trust (REIT) Sun Communities, Inc., announced its board of directors declared a dividend of $0.63 a share for the fourth quarter 2011. Payable Jan. 20, 2012, Sun has 21.8 million shares outstanding. The company owns and operates 156 manufactured housing communities with 54,000 sites. The …
Following up on a story we published Nov. 14, 2011, OmahaWorld-Telegram reports the oil boom in North Dakota continues to have positive repercussions for area MH producers. The York, Nebraska, Champion Home Builders plant has doubled its production staff since summer to 150, and intends to hire another 50 early …
North Dakota Oil Boom Drawing Midwest MH Producers Read More
SacBee reports Lippert Components, Inc., a wholly-owned subsidiary of Drew Industries Incorporated, has acquired Indiana-based M&M Fabricators to expand its chassis customization business. With revenues of $3 million annually, M&M modifies chassis primarily for producers of specialized commercial vehicles, Class A and Class C Motorhome RVs, and transit buses. The …
MH Component Maker Drew Ind. Acquires Chassis Manufacturer Read More
Daily-Times reports from Kirtland, New Mexico, the San Juan County Commissioners will be voting Dec. 6, 2011, on an ordinance that will require future developers of MHCs to obtain county approval and pay a plan-review fee. The water and septic service must be approved by the New Mexico Environment Department, …
StarTribune reports ice fishing accommodations have moved well beyond the unheated wood shacks set over a hole in the ice that you see in old movies. Displays at the St. Paul Ice Fishing and Winter Sports Show in St. Paul, Minnesota, include factory-built ice cabins as big as a small …
Coloradoan reports that over the last 12 years in Fort Collins, Colorado, more than 340 families have been displaced from their MHCs by landowners seeking more lucrative commercial development. Now, another community is joining the ranks. The 32 families of Bender Mobile Home Park have been told by developer Gino …
Zacks reports SmarTrend marks Drew Industries in an uptrend, noting the stock for this manufacturer of components for MH and RVs has risen nearly 24 percent in two months. The online analyst says August 29 the stock was at $19.89 and is now at $24.03. The range over the past …
CNNMoney reports over 6,000 people have come to Williston, ND to take advantage of the oil boomtown money to be made, but available housing has not kept up with demand. Some are living in their vehicles in parking lots, some in tents, some sleep in sleeping bags beside the road. …
gazettextra reports the covenants and zoning agreements established when an RV community was developed in the 1970’s have not been enforced. The original rules for Rock River Leisure Estates RV park in Edgerton, Wisconsin, state it is a vacation resort and does not allow permanent year-round living beyond nine months, …
RV Community Deals with Issue of Permanent Residency Read More
indystar reports two subsidiaries of Drew Industries, Inc., of New York announce their joint $4 million-plus expansion plan will mean 330 new jobs in Elkhart County, Indiana in 2012. Lipppert Components Manufacturing, Inc., of Goshen, and Kinro Manufacturing, Inc., of Middlebury, IN both manufacture components for the MH and RV …
MH Component Sister Companies Produce 330 New Jobs Read More
MHProNews mourns the passing in Hartford, CT of Kristian Jensen, Jr., a logtime MH industry member and ardent advocate. Kris, 78, was instrumental in building the family business as a teenager from a automobile dealership to the current Jensen’s Inc, which owns and manages 29 MHCs in eight states. Kris …
The Sarasota Herald-Tribune reports Saralake Estates LLC was sold to NHCFL138 LLC of Scottsdale, Arizona, for $10.55 million. The purchase of the 200 homesite MHC was financed by General Electric Capital Corporation with a loan of $7.35 million. The new owner, a company controlled by National RV Communities LLC, has …
Bartlesville Radio reports that the City Council in Dewey, OK received a request for a zoning variance to put two modular homes on lots in the city. Two people in this northeastern Oklahoma town, including the petitioner, spoke in favor of the variance, and four opposed it. Council members voiced …
