Manufactured Housing Community Portfolio Moves through Matrix Realty

New York City-based Meridian Capital Group LLC arranged a $150 million acquisition and permanent financing of a manufactured housing community (MHC) portfolio package for Matrix Realty Group. The portfolio contains 11 MHCs comprised of 5,347 homesites in mostly small towns, ten in Michigan and one in Alabama, as informs MHProNews. Though unidentified, the seller is a large real estate investment trust (REIT) leaving the Michigan market.

(Photo credit: Triangle manufactured housing community, Battle Creek, Michigan)

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