New Firm Shopping for MHCs

BizJournals tells MHProNews newly-formed Inspire Communities of Gold River, Calif. intends to be a player on the national MHC scene. Formed when Follett Investment Properties combined forces with American Infrastructure MLP Funds in Foster City, Calif., just south of San Francisco, Matthew Follett, CEO of Inspire says they have already acquired eight MHCs in Michigan, Arizona and Texas. American Infrastructure is a private equity firm and the majority stakeholder in Inspire, which now has $100 million to go shopping for more communities.

(Photo credit: TriStar Estates MHC)

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