ARA Closes on MH Community Sale

ARA LogoFrom RE, 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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