Marcus & Millichap’s Michael Glass says for commercial real estate investors seeking to diversify their portfolio, the stabilizing housing market and resurgence in financing can make manufactured housing communities a good investment. In particular he notes age-restricted MHCs in prime markets are not increasing in number, leading to competition among […]
Commercial Real Estate Gamble: Bet on MHCs Read More
RVBusiness reports the RV/MH Hall of Fame & Museum has garnered $62,740 since the initiative began May 1 in its fundraiser goal to meet the Ingram family’s $100,000 Challenge Grant. June donations totaled $6,800 including $2,750 in the Hall’s “Walk of Fame” Brick Program donations. Darryl Searer, president of the
Over $62k has been Raised Read More
SouthFloridaRealEstate tells us the Stoll Manor Mobile Home Park in Lakeland, Florida has been sold to an Illinois buyer for $2.15 million. Stoll Manor is an all-age community founded by C.J. Stoll in 1993 with 239 home sites and several exercise amenities. Dan Mulkey, investments vice president in the Tampa
MHC in Florida Sold to Illinois Co. Read More
REJournals tells us Real Estate Investment Services’ Marcus & Millichap sold Mt. Morris Estates, a 170 homesite manufactured home community in Mount Morris, Illinois for $3.6 million. The seller was listed only as a partnership. The community in Northwest Illinois is part of the Rockford, IL metropolitan statistical area (MSA),
Mt. Morris Estates Changes Hands; Gloves Hide Seller and Buyer Read More
FollettUSA recently announced its newest key team member, Jonathan Harrison. The company announced recently Harrison joined as a Partner and works in conjunction with Erik Rollain, Senior Vice President and Director of Acquisitions. Harrison’s core focus is acquisitions in order to continue the expansion of FollettUSA’s National portfolio. The company
FollettUSA and Jon Harrison Join Forces Read More
Investors tells MHProNews.com the rise in rents may make some people think twice about renting as opposed to buying. The average rent of $1,016 in 2009 will hit 1,101 this year, according to Marcus and Millchap’s 2012 National Apartment Report. Analysts expect it will rise four percent next year. As
Rents Up, Ownership Down—the Balance Will Shift Read More
From Oregon comes another story about a fire in a manufactured home. While stories about home fires are common, few specify the construction method for stick-built or modular homes, but make the exception for manufactured or mobile homes. From Ontario, Oregon, The Argus reports that a Friday evening fire in a
Is a Home a Home, Even in a Fire Story? Read More
A report from Fort St. John in British Columbia published by Energetic City tells of a Christmas morning fire in what the paper calls a modular home, then later a mobile home. The home was located at the Peace Country Mobile Home Park in Fort St. John. The article says
Article About Christmas Fire Doesn’t Tell the Whole Story Read More
One of the largest owners of Manufactured Home Communities (MHC) in the nation, Hometown America Corporation of Chicago, purchased the 101-acre Suffolk County, New York, Thurm’s Estates community. Renamed Calverton Meadows by its new owner, the 328-lot community requires tenants to be 55 years and older. It is one of
Hometown America Acquires Large MHC in New York Read More
MHMSM.com presents Factory Built Housing Industry News at Noon with Erin Patla. Coming up – Floor plan program attracts Auto, RV and Marine dealers, Manufactured Housing Retail Flooring also available But first…these stories: Starkey Mortgage/Phoenix Housing to pay North Carolinians $4.4M by Lee Weisbecker – Triangle Business Journal Plano, Texas-based
Starkey Mortgage/Phoenix Housing to pay North Carolinians $4.4M Read More
