DocStoc reports billionaire investor Sam Zell has donated $5 million to the University of Michigan, his alma mater, for a comprehensive entrepreneurial law clinic called ZEAL, the Zell Entrepreneurship and Law Program. Zell says: “My goal with entrepreneurial ventures at the university has always been to create cross-pollination across multiple […]
EnterpriseNews tells us 450 MHC homeowners from two different MHCs in Carver, Massachusetts, in the southeast part of the state, may soon become their own landlords. The nonprofit ROC (resident-owned communities) is assisting in the $23 million deal for Pine Tree Village and Cranberry Village to become community-owned co-ops, which
Set of MHCs Becoming Resident-owned Read More
In it’s second newspaper conglomerate acquisition in six months, HoumaToday tells MHProNews.com Berkshire Hathaway has purchased 63 of Media General’s newspaper properties for $142 million cash, including the Richmond Times Dispatch and Winston Salem Journal. “In towns and cities where there is a strong sense of community, there is no
Buffett a Newspaper Raider? Not. Read More
heNation says Retirees and members of the Manufactured Home Owners Association of America (MHOAA) came from around the nation to tell Sam Zell at the Equity Lifestyle Properties’ (ELS) annual shareholders meeting that raising rents and cutting services at his MHCs is threatening his own clients ability to remain as
Residents of ELS’ MHCs Come for Annual Meeting Read More
TakeoverChatter reports that Equity LifeStyle Properties (ELS) is one of five companies to hit a 52-week high June 20. The higher price may be the result of investors thinking the stock is undervalued, and their demand pushes the price higher. ELS Chairman Sam Zell recently led his company in acquiring
ELS has Exceedingly High Share Trading Volume Read More
Benzinga says Keefe, Bruyette, and Woods report Sam Zell’s Equity LifeStyle Properties (NYSE:ELS) sold 6.1 million shares of stock at $59.50 per share grossing $359 million to help fund its acquisition of a chunk of Hometown America LLC. As we reported here June 1, ELS acquired 31,167 home sites from
ELS Sells Stock to Fund New Acquisition Read More
Chicago Real Estate Daily reports that Sam Zell’s Equity LifeStyle Properties (ELS) is adding 31,167 home sites to its portfolio of 111,002 home sites by buying 76 land lease communities (LLC) from Hometown America LLC, its Chicago-based competition. The properties are spread over 20 states. ELS will finance the $1.4
Equity LifeStyle Properties Acquires Chunk of Competitor Read More
