MHC Owner Wins Right to Sell Sites
As follow-up to a story we last posted May 17, 2011 whereby the U.S. Supreme Court confirmed a lower court’s ruling that rent control at Rancho Mobile Home Estates in Goleta, Calif. is constitutional,...
View ArticleUMH: A Profitable REIT
InsiderMonkey reports UMH Properties (NYSE:UMH) generates an average of $391 for each of its 10,644 homesites. With vacancies around only 20 percent, involvement in manufactured homes sales and...
View ArticleResolution Supports Senate Legislation
According to vcstar, legislation introduced by state Sen. Hannah Beth-Jackson of California would require that a majority of residents of an MHC favor the conversion of their community into...
View ArticleProject Funding would turn Dribbles into Flow
MHProNews has learned from the burlington freepress in Vermont that residents of Windemere Mobile Home Park in Colchester, VT may finally realize a solution for the low water pressure and sewage...
View ArticleModular Subdivision Proposed with 474 Homesites
The estevanmercury tells MHProNews the city council in Estevan, Saskatchewan, Canada is considering two proposals to help ease the housing shortage in the city. One is a modular subdivision with room...
View ArticleLike a Phoenix from the Ashes…
Updating a story MHProNews last covered April 27, 2011 regarding the wildfire that destroyed 488 of the 600 manufactured homes at the Oakridge Mobile Home Park in Sylmar, Calif. in Nov. 2008, 60...
View ArticleGreen Courte Promotes Rudolph
MarketWatch informs MHProNews private equity real estate investment firm Green Courte Partners, LLC announces the promotion of Braden L. Rudoph to the post of Vice President, Asset Management. A senior...
View ArticleUMH Revenues Nearly Double
From sys-con MHProNews has learned manufactured housing community owner UMH Properties, Inc. reports funds from operations (FFO) came within $222,000 of doubling from the first quarter 2012 to Q1 2013,...
View ArticleMHC Owner Busy Selling Homes
Having re-branded 18-year-old SSK Communities as “You Got it Homes,” co-founder Nathan Smith says the company sold no new manufactured homes in 2011, 60 in 2012, and they are already ahead of last...
View ArticleAmendment to Permit Approved
MHProNews has learned from the Brunswick Times-Gazette an amendment to a Conditional Use Permit has been approved by the Brunswick County Board of Supervisors in Lawrenceville, Vir. The original permit...
View ArticleTight Economy Spurs Rentals for UMH
In an interview with reit.com, UMH Properties (NYSE:UMH) president and CEO Sam Landy says occupancy rates have risen at the company’s 68 manufactured home communities comprised of 12,800 homesites...
View ArticleNew Company Operates Senior Manufactured Home Communities
Carefree Communities, Inc., a new company created by Centerbridge Capital Partners II, LP, has acquired National RV Communities, which owns and operates 61 senior manufactured home (MH) and...
View ArticleWisconsin Land Lease Community Converts to Co-operative
With $1 million in financing from ROC (resident-owned communities) USA Capital, Prairie Lake Estates land lease community became Prairie Lake Estates Homeowners Cooperative, as the residents of this 70...
View ArticleLand Lease Community Donates to United Way
Manufactured Housing Community Lake Erie MHP, LLC in Fredonia, New York is donating $250 to the United Way of Northern Chautauqua County for each home sold in its community, and presented the...
View ArticleZell Reduces Investment in Commercial Real Estate
One of the biggest investors in U.S. real estate in the ’90s and early part of the century, only 30 percent of Sam Zell’s personal investment portfolio is in real estate, compared to 50 percent in the...
View ArticleUMH Properties Receives a Strong ‘Buy’ on its Stock
Brad Thomas documents the annals of UMH Properties, Inc., (UMH:NYSE) since its beginning in 1968 to its election to REIT (real estate investment trust) status in 1982, and being publicly traded in 1985...
View ArticleBuilder Provides Manufactured Housing for Fellow Vets
When hearing of the need of older military veterans for housing, former Green Beret and successful home builder Richard Simonian took up the challenge and now has 7,000 homesites in 40 manufactured...
View ArticleSam Zell: Multifamily Yea, Single-family Nay
Billionaire real estate investor Sam Zell says the trend to defer marriage to later in life has been lucrative for apartments and condos across the nation, saying that has been the most significant...
View ArticleUMH Releases Third Quarter Financials
In its third quarter financials, UMH Properties announces it has increased its portfolio of homesites by 26 percent since the beginning of the year. For the quarter ending Sept. 30, 2013 funds from...
View ArticleAffordable Housing Being Challenged in Anchorage
Anchorage, Alaska’s comprehensive plan recognizes manufactured housing as an affordable option, but Anchorage 2020, as it’s called, does not protect manufactured housing communities (MHCs) from...
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