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Posts Tagged ‘co founder’

Implementing rules in newly acquired manufactured home community results in resident, media reaction

November 11th, 2014 Comments off

amy-silverstein-reporter-dallas-observer=credit-posted-daily-business-news-mhpronews-com-The DallasObserver’s  Amy Silverstein reports that Harvest Partners Ltd acquired Oak Creek Ranch park in the suburb of Irving. Management firm Alegre TKO LLC in August who allegedly asked residents to sign “the cruelest lease agreement ever, making HOA-level demands of its low-income residents.”

The Silverstein outlines elements of the new lease as follows:

–“Trampolines and swing sets are not permitted in the community

— “Washing of any vehicle (car, truck, boat, trailer etc,) within the community

–“Repairs of automobiles, trucks, motorcycles, boats or trailers

— “No more than three (3) potted plants will be permitted; all must be uniform in size, shape and color.”

— “Nothing shall be propped up against the home which includes but is not limited to ladders

Texas Tenant’s Union advocacy group told the Silverstein that fine letters included,”a $75 fine for “Mow high grass and weeds.” One resident received a $50 “immediate fine” for “playhouse & trampoline.”

Eliot Barnett, co-founder of Harvest Partners Ltd, had “no comment” Silverstein said.

A news media that tends towards attention-getting ”bad news,’ may have overlooked that such changes could have improved the property and living conditions for residents. The very point that Silverstein made, that these new rules looked like HOA (Home Owners Association) guidelines, is telling. Why do HOA have such rules for middle and upper class neighborhoods, if not to maintain the quality of living there?

Further, what incentive does a potentially negative-slanted news media give a property owner for making on-the-record statements?

On the other hand, did management carefully explain to residents the goals and possible benefits of implementing such guidelines for living and reasons for lease changes? The Observer’s account is silent on such topics and potentially useful insights. ##

(Image credit: Dallas Observer)

INC names mancamp provider Reliant Asset Management 3rd fastest growing private business

August 30th, 2014 Comments off

barry-roman-co-founder-reliant-asset-management-mancamp-provider-credit=bizjournals-posted-daily-business-news-mhpronews-com-Barry Roman is the co-founder of Reliant Asset Management, a provider of mancamps in ND, Texas, Canada and other high demand housing markets. Roman says his modular building company’s revenues rose 55,000 percent in three years, to just over $85 million.

Inc Magazine named Reliant to their annual list of high flying companies.

Reliant is based in Arlington, VA., and has eight man camps in North Dakota. Alberta and Texas are other markets they serve, about some 66% of Reliant’s business, Bismark Tribune tells MHProNews that “The crew camps as you know them have really changed in North Dakota,” Roman said. “You’re not going to see 200 to 500 guys sleeping in the same building.”

Nightly rates range from $50 to $110, based on amenities. Reliant employs 150 nationwide, and contracts out cleaning, security and food services to other firms.

Roman explained that many energy companies are compensating workers per diem to incentivize them to settle in North Dakota. Local cities and towns are also pushing for more permanent residents. Because of this, he said Reliant’s more cabin-like camps are becoming popular.  

As MHProNews  readers know, factors Roman describes means factory builders, developers and retailers are seeing opportunities in ND and other energy-boom markets. ##

 

(Photo credit; BizJournals)

Execs Depart Zell’s Equity International

May 24th, 2013 Comments off

The Wall Street Journal informs MHProNews three senior executives at Sam Zell’s Equity International (EI) real estate company resigned this week on the heels of the head of capital markets departure, as well as co-founder of the fund and CEO Gary Garrabrandt, who left last Sept. Chief Operating Officer Ira Chaplik, General Counsel Brian Richter, and Executive Vice President in Charge of Tax Structuring Cheryl Engle are all leaving EI, although Engle and Richter will become outside consultants and Chaplik will be an advisor to the company. The departures allegedly stem from disputes over compensation and the firm’s direction. Zell is chairman and owns the majority of EI, receiving over half of the profits, and is also chairman of Equity LifeStyle Properties (ELS). Tom Heneghan, who replaced Garrabrandt, had been CEO of ELS, the owner/operator of 380 manufactured housing and recreational vehicle communities in the U. S. and Canada.

(Photo credit: Equity LifeStyle Properties, Inc.— ELS country club in Calif.)

MHC Owner Busy Selling Homes

May 20th, 2013 Comments off

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 year’s sales, due to aggressive TV ads. As the owner/operator of 22 land lease communities with 4,900 homesites in Indiana, Kentucky, and Ohio, Smith says they are one of the first companies in the country to build a vertically-integrated business model—they sell the manufactured homes, arrange or provide financing, insure the home and manage the communities. Cincinnati reports Smith, who is also chairman of the Manufactured Housing Institute (MHI), says people like the streamlined one-stop shopping approach, and the company’s website, yougotithomes.com has generated over 4,000 sales leads. MHProNew has learned SSK is the largest MHC owner in Kentucky and one of the top 30 in the country.

(Photo credit: Carie Cochran/enquirer–Nathan Smith with one of the homes for sale.)

Triangular Modules Create Sharp-angled Modern House

March 8th, 2013 Comments off

OregonLive informs MHProNews Method Homes and Skylab Architecture have partnered on the modular HOMB House, a series of 100 square foot triangular modules that fit together like a honeycomb. With four bedrooms, three-and-a-half baths, the house in Portland, OR has 2,700 square plus an excavated basement of 1,200 square feet. Skylab founder Jeff Kovel says it’s not just designing a home but creating a home-building system that can have different applications. Method Homes co-founder Brian Abramson says the total cost is $225 a square foot, which includes site preparation, set, and finish. HOMB relies on sustainable materials including Forest Stewardship Council-certified lumber, energy-efficient HVAC, low-flow faucets, and LED dimmable lights. The modules themselves run $170 a square foot.

(Photo credit: Doug Beghtel/The Oregonian)

ELS Moves Up Personnel

October 19th, 2012 Comments off

MarketWatch reports Equity LifeStyle Properties, Inc. (ELS) announces the company’s CEO, Thomas Heneghan, will become CEO of Equity International effective Feb. 2013. The company’s current president and CFO, Marguerite Nader, will fill the position of ELS’ president and CEO as of Feb. 1, 2013. As MHProNews reported Sept. 13, Heneghan replaces Gary Garrabrandt, co-founder of EI, whose sudden departure had Sam Zell temporarily holding the reins. Heneghan will also become co-vice chairman of the board of directors. Patrick Waite, with extensive experience in the manufactured housing industry, will become Senior Veep of Operations. He previously was Senior Veep of American Residential Communities (ARC). Zell says of Heneghan, “For almost two decades Tom Heneghan has provided outstanding leadership and service to this company, and we cannot thank him enough for all that he has accomplished. Equity International has raised over $2 billion from investors and has investments in 15 countries. ELS operates 382 communities in 32 states and British Columbia comprised of 141,077 homesites.

(Photo credit: ELS–Lake Haven, Clearwater, Fla.)

Sudden Resignations Put Zell Back in Driver’s Seat

September 13th, 2012 Comments off

therealdeal informs MHProNews that Sam Zell, CEO of Equity Lifestyle Properties, Inc. has taken the helm of Equity International in the wake of the sudden departure of its CEO and co-founder Gary Garrabrandt, and chief strategic officer Thomas McDonald. Equity International primarily invests in or buys existing real estate companies in emerging markets, having raised $650 million last year. A new CEO must be approved by Equity’s shareholders before the company can make any new investments. The largest MHC owner in North America, Equity Lifestyle Properties, Inc. has a controlling interest in 380 communities with over 141,000 homesites.

(Photo credit: Wall Street Journal–Sam Zell)

RV/MH Museum Fundraiser Exceeds Goal

July 26th, 2012 Comments off

Following up on our article July 16, 2012, MHProNews has received word the RV/MH Hall of Fame and Museum has far surpassed its goal of raising $100,000 to match the Ingram family challenge in order to keep the Museum open. $10,000 short of their goal only two weeks ago, and with a month left to go, Jim Hammill, president of Roadtrek Motorhomes, Inc. of Canada contributed the $10,000 to put the challenge over the top. In addition, Derald and Wilber Bontrager of Jayco, Inc. each donated $5,000 to put the goal at 110%. This week, Thor Industries president Bob Martin presented the Hall with two checks totaling $50,000 honoring Thor co-founder Wade F.B. Thompson—$25,000 from Thor Industries, Inc., and $25,000 from the Thompson Family Foundation, Inc. Darryl Searer, president of the Hall, says, “The success of this fundraiser is a bold statement that people and companies in the RV/MH industries want the Hall to succeed and prosper. I cannot thank all of those who contributed enough for their generosity.” The total so far has hit $161,425, but Searer expects more to come in from the Brick Program promotion.

Goal 90% Complete

July 16th, 2012 Comments off

Contributions to the RV/MH Hall of Fame and Museum have reached 90 percent of the $100,000 Ingram Family Challenge Grant. When Darryl Searer, president of the Hall, asked for a couple of angels to step forward on July 3, he got his wish: Roy Beck, retired co-founder of The Beck Corporation, and Jason Lippert, chairman of Lippert Components, Inc., each donated $10,000 and Bill Fenech, former Thor Industries executive, kicked in $5,000. With only $9,945 to be raised by the Aug. 31 deadline, Searer says, “I’m hopeful that we can reach our goal by August 6 which is the date of the Class of 2012 Induction Dinner and Annual Golf Classic. It would be a great addition to the celebration to be able to announce during those ceremonies that we have reached our goal ahead of schedule.” MHProNews.com has learned Robert ‘Boots’ Ingram got his nickname from wearing oversized boots when he was a child working in his father’s meat shop.

(Photo credit: TrailerLife–Robert ‘Boots’ Ingram)

Over $62k has been Raised

July 3rd, 2012 Comments off

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 Hall, says, “Even though contributions ranging from $5 to $2,500 continue to come in, we will need an ‘angel’ or two who will follow the example of Marcus Lemonis (chairman of Camping World Inc. and Good Sam Enterprises LLC) and Don Wallace (co-founder of Lazydays RV Super Center) who each donated $25,000.” The additional $37,260 needs to be raised by Aug. 31 to meet the Ingram’s challenge and pay down the loan at 1st Source Bank. MHProNews has learned tax deductible donations can be made through the Hall’s website www.rvmhhalloffame.org

(Photo credit: RV/MH Hall of Fame Museum)