MarketWatch reports Equity LifeStyle Properties, Inc. (ELS) acquired two land lease communities in Texas comprised of 1,765 sites on 175 acres for $25 million cash. Located in the Rio Grande Valley, age-restricted Victoria Palms Resort, with 270 manufactured homesites and 893 RV sites, and Alamo Palms, also age-restricted with 293 MH sites and 350 RV sites, add to the company’s presence in the south Texas market. ELS’ portfolio already includes eight properties with 5,100 sites in the area. As MHProNews knows, ELS owns or has an interest in 383 MHC and RV properties in the U.S. and British Columbia, Canada comprised of 142,679 sites. ELS closed down in trading Dec. 28, -0.75% at 66.50.
(Photo credit: Equity LifeStyle Properties, Inc.)