Following up on a story MHProNews published July 31, 2014 regarding the acquisition by Sun Communities, Inc. of 59 manufactured home communities (MHC) comprising more than 19,000 homesites in eleven states from Green Courte Partners, LLC for $1.32 billion, we have learned from crainsdetroit.com that three of the properties are in Michigan. Frenchtown Villa and Elizabeth Woods are in Newport, while Egelcraft is in Muskegon. Sun is headquartered in Southfield, Michigan. As part of the deal, Green Courte will invest $13 million in Sun’s equity and maintain ownership of 11 percent of Sun. ##
(Photo credit: Sun Communities, Inc.–Palm Creek Resort)