gigaom reports modular home producer Blu Homes has raised $60 million through global equity investment fund manager Skagen Group of the Netherlands. Blu bought the intellectual property rights and modular designs from Michelle Kaufmann Designs last year after that company closed its doors in 2009. As MHProNews reported Jan. 16, 2012, Blu moved its operations from Massachusetts, where it began, to an old airplane hangar in Vallejo, California. Blu offers eco-friendly, modern modular homes available with technology as “green” as the customer desires, with prices starting at $125,000 for a studio home.
(Photo credit: Blu Homes)