The Miami Everglades RV Resort in southwest Miami has been sold for $9.84 million by Miami Everglades Campground of Friendswood, Texas to MHC Miami Everglades, which is part of Equity LifeStyle Properties, Inc. (NYSE:ELS) of Chicago. Developed in 1970, the property includes cabins, a main store and a swimming pool.
According to therealdeal, with Bruce A. Bryant named on the corporate records, the 34-acre recreational vehicle (RV) community sold for an unknown price in 2009, but was purchased for $2.5 million in 2000.
As MHPronews knows, ELS is the largest owner of manufactured home and recreational vehicle communities in North America with 340 communities comprised of nearly 140,000 sites. A real estate investment trust (REIT), it’s stock closed at $54.52 (+0.68%) July 2, 2015. ##
(Photo credit: therealdeal–MHC Miami Everglades Resort)
Article submitted by Matthew J. Silver to Daily business News-MHProNews.