Sports Figure Invests in Florida MHC

Marcus & Millichap (NYSE:MMI) has arranged the $875,000 sale of 55 and older community Colonial Four RV in Zephyrhills, Florida from the owner/operator to a well-known sports figure. A mix of manufactured homes and seasonal recreational vehicle home sites, the community is set on five acres and has 57 rental sites, 37 or which are annual sites often rented by campers coming from Canada. The new owner intends to add permanent units, which will increase the financial stability of the community. understands M&M racked up $24 billion in commercial real estate sales last year. ##

(Photo credit: Marcus & Millichap–Colonial Four RV)

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