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Posts Tagged ‘carlyle group’

Just the Facts – Trump Effect on Manufactured Home Connected Stocks, Part 1

November 9th, 2017 Comments off

DonaldJTrumpMarketImpactDailyBusinessNewsMHproNewsWhile providing ‘fair and balanced’ coverage, as was reviewed earlier today in a separate report, it was a strategic decision to editorially support the Trump campaign in 2016.

One year later, the fruits of that decision ought to be clear.

While Nobel award winning Paul Krugman at the New York Times, Paul Krugman, an Op-Ed columnist, who writes about macroeconomics, trade, health care, social policy and politics predicted an economic meltdown in the wake of a Trump victory.  “It really does now look like President Donald J. Trump, and markets are plunging…” said Krugman.

 

MHProNews believed otherwise, based strictly on the stated positions of the candidates.

This publication has a pro-industry agenda, and we strive to pursue that with what we hope are clear eyes and minds, daily.

We mention this because like the data below, it’s a fact.

To see our election plus one year report, click here.

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To report a news tip, click the image above or send an email to iReportMHNewsTips@mhmsm.com – To help us spot your message in our volume of email, please put the words NEWS TIP in the subject line.

 

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This evening’s Cavco Industries spotlight portion of our Daily Business News market report reflects and hints at the kind of added information that pure financial analysts may not know or miss.  Perfect?  No who is?   But what we’ve consistently proven to thousands of daily readers for years is that We Know the MH Biz.” ©

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Faith, flag, freedom, free enterprise, family, and fellows.  These are some of the core principles we strive to operate under.  Long time readers know we provide written fact checks and analysis others can’t or won’t do.  As 1 year ago snapshot, and other examples suggest, our track record on facts and analysis is one of the reasons why – from firms large, small or operations in between – we’re the most read, most followed, news source in manufactured housing.

We don’t hold any stocks in any of the industry’s companies.

Between third party data, and our own unique understanding of the industry, plus our various industry sources, this is a unique place to gather insights you may not find anywhere else in a single trade site.

We Provide, You Decide.” © ## (News, Analysis.)

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

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Sunday Morning Weekly Recap Manufactured Housing Industry News July 30th to August 6th, 2017

August 6th, 2017 Comments off

WeekOfJuly302017toAug52017DailyBusinessNewsMHProNewsOur new August issue will go live tonight, Aug 6th.  Until then, our  theme for the month: July Justice 2017 – MH Billionaires, Millionaires, and You  Our featured articles will be available on the MHProNews.com home page. Our May theme will be available mid-week this week.

 To see the line-up of over 2-dozen featured articles for this month, along with the headline commentary, please click the link above.

Manufactured, modular and prefabricated home professionals know that how a home got to its location should not define a person or their dwelling.

What the Daily Business News spotlights day-by-day are the tragedies, triumphs and struggles for acceptance of the obvious solution for millions for the growing affordable housing crisis in the U.S. and beyond.

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When you read the lineup for the month found on the home page, you can reflect on another motto as you chart your own professional path ahead: “We Provide, You Decide.”  ©

 

What’s New On MHLivingNews

“Po-Dunk” Performer Kid Rock, Eyes Senate Run, Makes Manufactured Home Living Hip

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August 5th, 2017

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Ross Kinzler, top left. Sophia, top center and Right (credit, Phys) Kinzler credit, MHProNews.

August 4th, 2017

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August 3rd, 2017

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Image credits are as shown, text and collage credits, MHProNews.com.

August 2nd, 2017

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Actively retired minister and factory built housing advocate, Donald Tye Jr. explains the complex web that can cause addiction. Loss of hope is one factor. In a prior report, linked here, Tye explained that public housing – an entitlement – often yields addiction. Ownership vs. renting or living in “projects” leads to integrity, a view similar to those of Dr. Martin Luther King, Jr.

August 1st, 2017

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July 31st, 2017

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http://www.mhmarketingsalesmanagement.com/blogs/industryvoices/uncertainty-us-the-only-known/

 

July 30th, 2017

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

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Carlyle Group Adds to its Manufactured Home Community Portfolio

April 17th, 2017 1 comment

(Royal Manor Estates MHC: credit therealdeal)

MHProNews has learned from TheRealDeal that Washington, D. C.-based Carlyle Group, one of the world’s largest investment firms with over $178 billion of assets, according to its website, has added 437-homesite Royal Manor Mobile Home Estates in Boynton Beach, Fla. to its portfolio of MHCs.

Financing the deal with a $26.4 million mortgage from Berkadia, Carlyle paid owner Beverlee Miller Raymond $26.4 million for the property, equivalent to $104,000 for each homesite in the community restricted to 55-year old residents. Including a lake and clubhouse, the 85-acre property is situated four miles from the Atlantic Ocean, just south of West Palm Beach.

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(Royal Manor Estates credit: therealdeal)

As MHProNews reported Jan. 18, 2016, Carlyle invested $42 million in Pacific Skies Estates MHC in Pacifica, California to upgrade that community with 93 new manufactured homes that will be rented to residents. That story is linked here.

Carlyle Group is one of the stocks MHProNews covers in its daily stock report, linked here. ##

 

(Image credits are as shown above.)

 

Submitted by Matthew J. Silver to Daily Business News for MHProNews.

Carlyle Group Secures $115 Million Package

August 22nd, 2016 Comments off

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Manufactured home community (MHC) owner/operator Carlyle Group, headed by Ronald Singer, has recieved $115 million loan package to refinance 32 MHCs, per the CommercialObserver. Financed by Wells Fargo, the seven-year, fixed-rate loan could free Carlyle to further expand its efforts in the MH Community sector.

Grace and colleague Matt Krasinski joined Wells Fargo’s commercial real estate team following the bank’s acquisition of a $9 billion portfolio of GE Capital Real Estate loans, many backed by MHCs.

Lew Grace of Wells Fargo said, “The Carlyle Group has wide knowledge of this space and is a long-term customer of both Wells Fargo and the manufactured home community team who joined the firm last year from GE Capital Real Estate, myself included, and we look forward to strengthening our partnership.”

The loan will refinance Carlyle’s manufactured home communities across the country. Their current portfolio figures reflect more than 4,400 homes in Delaware, Maryland, North Carolina, New Jersey, Pennsylvania, Washington, West Virginia and Virginia with a 90 percent occupancy rate.

The Wells Fargo team assisted us in designing a creative loan facility that meets both our current as well as addressing our future needs. We were able to lock in a great rate, and we look forward to growing our relationship with Wells,” said Ronald Singer, President for the Carlyle Group.

This Carlyle is distinct from hedge fund The Carlyle Group (NASDAQ:CG) that is a global alternative asset manager with over $176 billion of assets under management including a handful of MHCs. MHProNews covers CG in our daily stock report of MH-related securities. ##

(Editor’s Note: My thanks to those who caught and reported to us an initial error in this report. There are TWO Carlyle’s in MH, and both are in the Communities sector.  Our goal is to always get facts correct, and so we value those watchful eyes of informed readers who advise us when an error exists and needs correction.

We also value reader’s comments on opinion issues related to the MH industry.)

(Image credit: Carlyle Group, text added by MHProNews)

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Frank Griffin, Daily Business News, MHProNews.

Article submitted by Frank Griffin, to Daily Business News for MHProNews.

Carlyle Group’s EPS Estimate nearly Halved

April 18th, 2016 Comments off

Calif___Pacific_Skies_Estates_CRP_slashPSE_Seaside_Pacifica_Venture__creditThe Carlyle Group LP (NYSE:CG), investor in several manufactured home communities, was expected to earn $0.18 per share (EPS) for the first quarter of 2016, according to what analysts at Jefferies Group had predicted, down from their previous forecast of $0.35 per share earnings. Jefferies has a “Hold” rating on the stock with a $16.00 target price.

However, the consensus estimate for The Carlyle Group’s Q1 2016 earnings is $0.25, according to americanbankingnews.

For the remainder of the year, Jefferies Group forecasts Carlyle will have quarter two, 2016 earnings of $0.45 per share, followed by Q3 EPS of $0.50 and for Q4 2016, $0.51 EPS. Fiscal year 2016 earnings will be $1.64 EPS.

Deutsche Bank cut their price objective on Carlyle from $16.00 to $15.00, while Barclays issued a $17.00 price objective on the stock. Credit Suisse set an $18.00 price objective on the stock.

As MHProNews reported Oct. 28, 2015, Carlyle acquired the Plaza Del Rey MHC in Sunnyvale, CA, a sprawling 85 acres with 722 home sites for an estimated $180 million.

The Carlyle Group invested in a manufactured home community last fall, as MHProNews reported Sept. 22, 2015, shelling out $42 million to upgrade the 93 home site Pacific Skies Estates overlooking the Pacific Ocean. That project has been held up pending negotiations with the California Coastal Commission which oversees alterations that affect the coastline. ##

(Image credit: CRP/PSE-Seaside Pacifica Venture–Pacific Skies Estates MHC)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Sunday Morning Recap-Manufactured Housing Industry News April 10–April 17, 2016

April 17th, 2016 Comments off

mhpronews_sunday_morningWhat’s New in public focused Manufactured HomeLivingNews.com

Quality Control Manager report-Highland Mobile Home Park, St Petersburg FL

What’s New in Manufactured Housing Industry Professional News

Montana town to proposed MHCs: one yes, one no. Building material made from hemp. Manufactured homes do not qualify as affordable homes—yet. Modular homes for immigrants irks Swedes. Foreclosures haunts former homeowners. Clayton opening Texas plant, buys Ala. manufactured home co. Zoning commission stymies MHC expansion. Skyline’s financials improve. Ex-cons train to build modular homes. Recycled plastic makes homes, shelters, in Pakistan. Much, much more in news and views from Kalamazoo to Timbuktu……..

Saturday, April 16, 2016

Another New Hampshire Manufactured Home Community becomes Resident-owned

Friday, April 15

Tiny Modular Home Constructed of Hempcrete

Montana Town Planning Commission Approves one MHC, Denies another

Deer Valley Gains Most Second Successive Day

Patrick Industries Set to Release Q1 Financials

Refugees Swelling need for Modular Housing in Sweden

The Sky is Becoming Sunnier at Skyline

Thursday, April 14

Foreclosure Continues to Haunt One-time Homeowners

Wednesday, April 13

Modular Housing Costs higher than Original Estimates

Former Magnolia Homes Modular Facility Re-opening as Family Built Homes

Carlyle Group, UFPI, AMG, Patrick Post Strong Gains

Clayton to Open Texas Plant, as it Celebrates 60 Years in Business

Massive Hole Endangers Residents of Fla. Manufactured Home Community

Tuesday, April12

Office of Manufactured Housing Programs issues New Dispute Resolution Program

Deer Valley Spikes; Dow Gains 164 Points

Zoning Commission Recommends against Expansion of Manufactured Home Community

City tables vote on restricting MH

Plans for Ex-cons to Build Modular Homes Moves Forward in Allentown, PA

Monday, April 11

Positions Change in Shares of Stock of Equity LifeStyle Properties

Ten Cities where First-time Homebuyers can Find Deals

MH-related Stocks Relatively Quiet; Cavco Industries Edges up the Most

Housing Made of non-Biodegradable Plastic

Clayton Homes Acquires River Birch Homes of Alabama

Sunday Morning Recap-Manufactured Housing Industry News April 3-April 10, 2016 ##

(Photo credit: MHProNews)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Sunday Morning Recap-Manufactured Housing Industry News Feb. 14-Feb. 21, 2016

February 21st, 2016 Comments off

mhpronews_sunday_morningWhat’s New in public focused Manufactured HomeLivingNews.com

Noise and Smoke vs. Facts About Manufactured Homes and Lending

What’s New in Manufactured Housing Industry Professional News

Tucson MHC to be developed. Utilities now metered at MHC homes. Plans approved for MHC expansion. Patrick posts strong financials for quarter, year. MHC residents seek rent control ballot initiative. Mandated sprinklers dousing new home builds. Senate 682 stymied by special interest groups. City passes enforcement of MH standards to county. Modular housing sheltering refugees landing in Europe. UK also has affordable housing problem. Off site built homes gaining in Iowa. Corpus Christi may infill city with MH. HUD rule separates MY from RV. Much, much more in news and views for you to peruse as you sip your morning jo.

Saturday, Feb. 21, 2016

Tucson Manufactured Home Community to be Developed

Friday, Feb 19

Master Metering of Utilities Upgraded to Direct Metering of MHC Residents

Mass. School Planning Modular Classrooms to Ease Crowding

Encore Wire Supplies Wiring to Manufactured Homes

MHCV Gains +1.02 Percent, Cavco Edges Up

Housing Affordability Rose in Q4 2015

Final Plans Approved for Expansion of Manufactured Home Community

Thursday, Feb. 18

Rep. Walorski Elaborates on HUD Rule Change

County Sets Hoops for Manufactured Home Owners to Jump through

Patrick, UFPI and Carlyle post Solid Gains

Patrick Industries Notches Strong Q4 and Year-end Financials

Manufactured Home Community Residents seek Rent Control in Northern CA

Wednesday, Feb. 17

Housing Starts, Home Builder Confidence Fall; Building Permits, Mortgage Apps Rise

Deer Valley, Carlyle Group, Patrick Industries Post Significant Gains

Maryland Counties want to Opt out of Mandated Sprinkler

Cutting through Media Fog for Manufactured Home Owners and Pros

Responsibility for Enforcing MH Installation Standards Passes from Snowflake to County

Who Else has an Affordable Housing Problem?

Tuesday, Feb. 16

Texas Manufactured Home Sales Statistics

Nobility Gains +7%, Berkshire Hathaway Slips, NASDAQ Advances +2.27%

Macedonia Refugee Center Importing more Modular Units

Kansas Manufactured Housing Association Opposes Home Building in Prison

Northeastern Iowa Growing the Off-site Homebuilding Market

Monday, Feb. 15

Patrick Expansion to Add 84 Jobs

Millennials Living with Family See Income Drop

City may Infill Vacant Property with Manufactured Homes

U. S. Stock Markets Closed Today

New Proposal from HUD Draws Applause

MHC Owner Carlyle Group has Deep Washington Ties

Sunday Morning Recap-Manufactured Housing Industry News Feb. 7-Feb. 14, 2016 ##

(Photo credit: MHProNews)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

MHC Owner Carlyle Group has Deep Washington Ties

February 15th, 2016 Comments off

carlyle_group__the__credit_to_arabianbusiness_comAccording to financialspots, President Obama has appointed Carlyle Group partner Jerome Powell to serve on the Federal Reserve Board of Governors. Powell was undersecretary for finance under the George H. W. Bush presidency.

One of the largest defense contractors in the world, Carlyle includes among its ranks some of the most influential Washington, D. C. policymakers and shakers culled from the last five administrations: both Bush presidents, ex-Sec. of State James Baker III, ex-Sec. of Defense Frank Carlucci, former Clinton Chief of Staff Mack McLarty, and one time SEC Chairman Arthur Levitt.

Other investors of note are the bin Laden family and the Saudi Arabia royal family. In 2007, Mubadala, a wholly owned investment arm of the Abu Dhabi government, bought a 7.5 percent share of the Carlyle Group.

As MHProNews posted Oct. 15, 2013, the Carlyle Group entered the manufactured housing community (MHC) business by acquiring two communities in Florida from Shamrock Holdings LLC of Arizona for $30.8 million.

More recently, Carlyle acquired Sunnyvale, California’s Plaza del Rey MHC, a 722 home site for an estimated $180 million. As MHProNews reported Feb. 11, 2016, Carlyle, one of the largest private equity firms in the world with some $190 billion assets under management, invested $42 million in Pacific Skies Estates MHC overlooking the Pacific Ocean. The firm intends to upgrade the 93 home site community with all new MH that will then be rented. ##

(Image credit: arabianbusiness)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Carlyle Posts Q4 2015 Financials, as it Invests in Northern Calif. MHC

February 11th, 2016 Comments off

carlyle_group__the__credit_to_arabianbusiness_comThe board of directors of The Carlyle Group announced financial results for Q4 2015 as cnn.money tells MHProNews regarding this global asset management firm with $183 billion under asset management.

With total assets on the balance sheet for Carlyle of $32 billion as of 12-31 2015, by U. S. GAAP (Generally Accepted Accounting Principles) numbers, for the fourth quarter 2015 Carlyle reported a loss of $151 million before provision for income taxes, and a net loss of $3 million. Earnings per share (EPS) of stock were -$0.04 on a diluted basis.

Co-CEO David Rubenstein, noting the challenging market in 2015, said “The equity market currently ascribes little value to our diversified investment platform. We are announcing a $200 million repurchase program as we see great value in Carlyle units.”

Carlyle Co-CEO William E. Conway added, “Recent market volatility has created a challenging but opportune investment environment for many of our fund teams. Our current pipeline is strong and we believe that good deals can be financed in the current market. As of early February, we already have signed contracts for approximately $4 billion of new investments and $4 billion of realized proceeds, which we expect to complete during the first half of the year.”

Carlyle has acquired a portfolio of manufactured home communities (MHC), the most recent, as MHProNews reported Sept. 22, 2015, investing $42 million in Pacific Skies Estates in Pacifica, Calif. to upgrade this 93 home site MHC overlooking the Pacific Ocean. Pacific Skies plans to buy luxurious MHs and rent them out.

Work on the project was halted following a dispute that arose between the California Coastal Commission and Pacific Skies over the necessity of a permit, as MHProNews reported here Jan. 25, 2016. In addition, it is not clear if all the residents have left the community. The owners were trying to have all the residents moved out by the end of January. A public hearing has been set for April 13.

In trading on the stock market today, as we reported on our stock report, Feb. 10, Carlyle closed up +1.45 percent at $11.86. ##

(Image credit:arabianbusiness)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Coastal Commission, City of Pacifica Disagree about Permit

January 18th, 2016 Comments off

pacific_skies_estates__pacifica_calif_mhvillage__creditFollowing a story MHProNews posted Sat., Jan 16 regarding the investment in the manufactured home community (MHC) Pacific Skies Estates in Pacifica, Calif., by the Carlyle Group and subsequent upgrading, smdailyjournal reports the owners and the California Coastal Commission are at odds over whether the work requires a Coastal Development Permit (CDP).

The owners received permission from the state’s Department of Housing and Community Development Agency that oversees all the MHCs in the state, and the city of Pacifica signed off on it in 2013.

However, the Coastal Commission, saying the exemption should not have been given, and that the owners are going beyond repairing and maintaining development because they are installing all new MH and replacing some of the infrastructure. The commission’s regulations state that replacement of 50 percent or more of a structure is not repair and maintenance, but instead constitutes replacement requiring a CDP,” the Coastal Commission’s Nancy Cave wrote to the city in November. Pacifica officials say the Commission has no authority to override its exemption determination.

Rents in the community have been below market rate, but the new manufactured homes will rent for about double the current rate. Community owners intend on renting the homes instead of renting the home sites to home owners. ##

(Photo credit: MHVillage–Pacific Skies Estates)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.