From RE Journals.com, MHProNews.com learns that Apartment Realty Advisors of Atlanta recently closed the sale of a 16-property manufactured-home community portfolio containing 5,919 land-lease home sites. The portfolio includes land-lease sites in Arizona, Texas, Michigan and Colorado. Hometown America was the seller. Dallas and Chicago-based Amerian Manufactured Communities REIT, the buyer, is a privately held REIT newly formed to acquire, own and operate manufactured housing community and related assets.
(Image Credit: ARA)
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Todd Fletcher
Correction, American Manufactured Communities is based in Chicago and Dallas. For the full press release with additional information, you can go to our website
Correction, American Manufactured Communities is based in Chicago and Dallas. For the full press release with additional information, you can go to our website
http://www.arausa.com/manufacturedhousing/
and open the link on the right hand side “Press Release Hometown America Portfolio Sale”. -Todd