Archive

Posts Tagged ‘Gateway Lifestyle Group’

Near Half-Billion Deal for Gateway LifeStyle, Details Beyond News Release

June 13th, 2018 No comments
HomeTownAmericaManufacturedHousingIndustryDailyBusinessNewsMHProNews550x315

Original photo from Gateway’s website, montage by MHProNews.

Australia’s Gateway Lifestyle Group (GTY.AX) announced that it has received a non-binding offer for acquisition.  Hometown Australia Holdings Pty Ltd., and Hometown America Communities Ltd. Partnership proposal values the company at A$635 million (US$480 million), according to Reuters.

 

Hometown is offering $2.10-per-share through its local arm, to buy out Gateway Lifestyle Group operator in its entirety, per the Financial Review.

Gateway stated that it has not granted due diligence access yet, and that the proposal is subject to approval by the Australian foreign investment regulator.

The Daily Business News has been tracking the blooming manufactured housing and “manufactured home estates” business in Australia for some years.

Their industry does have ‘a younger’ feel than what is found in the U.S., even though much of it is geared toward senior living.

Note the two government videos, posted above and below. Each of which discusses the “land down under” versions of manufactured homes, and their style of land-lease community living.

 

A Gateway investor package from 2-2018 is linked here.

GatewayLifestyleGTY-australiaManufacturedHousingIndustryDailyBusinessNewsMHProNews

From Gateway investor page on this date.

It is a fast-growing sector, with listed players such as Gateway and Ingenia, along with Hometown Australia Communities. Gateway generates earnings from the development sales of new homes and the ground rent from its growing portfolio,” said the Financial Review.

GatewayLifestyleDemandDrivesManufacturedHousingINdustryDailyBusinessNewsMHProNews600

Hometown is a subsidiary of Chicago-headquartered Hometown America Communities, with assets of more than #US3 billion,” they said.

Hometown’s Saddlebrook Farms, located in Gray’s Lake, IL was recently awarded that state’s community of the year award.

SaddlebrookFarmsGrayslakeILHometownAmericaManufacturedHOusingIndustryDailyBusinessNewsMHpronEws

Saddlebrook, as some MH professionals know, was established by industry visionary, Chuck Fanaro, who also held an interest in upscale HUD Code and modular home builder, Hi-Tech Housing Inc, in Bristol, IN.

The Gateway-Hometown deal – if approved and finalized – would be backed by Calzada Capital. They are “a global real estate investment firm with more than $US9 billion in assets under management,” said Financial Review.

GatewayLifestylePresentationInfoGrpahicKeypRinciplesManufacturedHOusingIndustryDailyBuisnessNewsMHproNews

Prior reports on this blossoming part of the international manufactured housing market are linked from related reports, further below. ## (News, analysis, and commentary.)

(Third party image, and/or content, are provided under fair use guidelines.)

Related Reports:

Acquisition, and Rumors of a Billion Dollar Acquisition, for Hometown America

http://www.MHProNews.com/blogs/daily-business-news/gateway-lifestyles-going-public-as-mh-living-becomes-more-popular-down-under/

ConfidentialNewsTipsOKTipsIreportMHNews@MHMSM-comGraphic

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.

1) To sign up in seconds for our MH Industry leading emailed news updates, click here.EmailedMHProNewsHeadlineNewsDailyBusinessNews

2) To provide a News Tips and/or Commentary, click the link to the left. Please note if comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Resources

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

Expansion Underway for Australian’s MHC owner Gateway Lifestyle

March 9th, 2016 Comments off

australian manufactured home community intenational to creditAustralia’s Gateway Lifestyle Group has acquired six manufactured home communities (MHC) for $49.3 million ($36.975 USD), according to theaustralian.co.au. The communities are located in New South Wales, Queensland and Victoria, adding 1180 home sites to its portfolio—428 occupied sites and 752 sites ripe for development.

The acquisition, expected to close within two months, will add 600 new residents, and increase the overall number of sites available for development to 4,152.

MHProNews has learned Gateway has its sights set on two additional MHCs valued at over $30 million ($22.5 USD). One is a conversion asset valued at $9.5 million ($7.125M USD), while the other is a ready-built MHC priced at approximately $23 million ($17.25M USD).

Additionally, the company is undergoing an equity-raising campaign of $120 million ($90M USD) for future acquisition and expansion. ##

(Photo credit: intenational.to.au–manufactured home community in Australia)

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