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Posts Tagged ‘Inside’

Inside Washington, Knoxville, Omaha, and Arlington Sept, 2017

September 27th, 2017 Comments off

USCapitolWashingtonDCPixabayDailyBusinessNewsManufacturedHousingIndsutryMHProNewsIn Omaha, some call it “Warren Watch.”

In Knoxville and Maryville, from the manufactured housing industry perspective, its Clayton, 21st and VMF watch.

In Arlington, VA – it’s the Manufactured Housing Institute (MHI) watch.

In Washington, D.C., there’s sadly way too much to watch.

Today, the insider watch could be called “quotable quotes,” and powerful insights. Quotes from:

  • Warren Buffett.
  • Jim Clayton.
  • Sam Zell.
  • Tim Williams.
  • Howard Walker.
  • Nathan Smith.
  • Frank Rolfe.
  • Bob Crawford.
  • Rick Robinson.
  • Marty Lavin.
  • Richard J. “Dick” Jennison.
  • George Allen.

and a host of others.

MHLivingNewsMHProNewsMHMarketingSalesManagementLogoSolutionsManufacturedHousingIndustryMarketinSalesManagementConsultingExpertWitnessServices

To see your installment, please click here, and enjoy. ## (Announcements, news, analysis.)

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

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

When You Manage a Community Long Enough

May 24th, 2017 Comments off
WhenYouManageaCommunityLongEnoughcreditTheLedger-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: The Ledger.

Both residents and operators of manufactured home communities will tell you that, if you’re around long enough, you may see anything.

That was the case this past weekend in the hometown of MHProNews, Lakeland, Florida.

According to The Ledger, a 19-year-old driver lost control of his vehicle while speeding on a state road, and crashed into an unoccupied manufactured home in Lakeland Harbor.

Officials from the Lakeland Fire Department say no one was at home at the time of the incident Sunday morning, and the driver was taken to Lakeland Regional Health Medical Center with minor injuries.

WhenYouManageaCommunityLongEnoughcreditGoogle-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Google.

No additional information was available.

 

Other Recent Strange, But True MH Stories 

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Graphic credit, MHProNews.com.

In our Daily Business News periodic series, we’ve covered a number of strange-but-true stories, including the case of a theft in Purcell, Oklahoma, for a man and woman charged in McClain County District Court with knowingly concealing stolen property.

Tana S. Lang, 41, and Michael G. Slay, 43, are accused of stealing appliances from a model home on the Mid-State Manufactured Housing retail sales center during a June burglary. A Whirlpool refrigerator, range and dishwasher were taken.

Other strange but true stories include:

 

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

 

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

 

(Copyright Notice: This and all content on MHProNews and MHLivingNews always have been and are Copyrighted, © 2017 by MHProNews.com a dba of LifeStyle Factory Homes, LLC – All Rights Reserved. No duplication is permitted without specific written permission. Headlines with link-backs are of course ok. A short-quoted clip, with proper attribution and link back to the specific article are also ok – but you must send a notice to iReportMHNewsTips@mhmsm.com of the exact page you’ve placed/posted such a use, once posted.)

Inside Recent Moves at Universal Forest Products Inc.

December 23rd, 2016 Comments off
universalforestproductsufpi-bizcard-postedmanufacturedhousingindustrydailybusinessnews-mhpronews

Business card made of wood. Image credit, UFPI.

Universal Forest Products Inc. (NASDAQ:UFPI) has seen investors make moves in the company, led by Shinko Asset Management Co. Ltd. reducing its stake in the company by 30.6 percent during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings:

  • Fuller & Thaler Asset Management Inc. acquired a new position in the company during the second quarter worth $130,000.
  • BlackRock Japan Co. Ltd increased its stake by 59.5 percent in the second quarter.
  • HSBC Holdings PLC acquired a new position in the company in the second quarter worth $205,000.
  • PineBridge Investments L.P. increased its stake by 4.6 percent in the second quarter.

Credit: Cerbat Gem.

The Daily Business News recently covered UFPI’s Q3 earnings call, where the company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ estimates of $1.35.

universalforestproductsannouncesearningsresultscreditufpi-postedtothedailybusinessnewsmhpronewsmhlivingnews

Matthew Missad. Credit: UFPI.

The employees of Universal are working hard to top the records they achieved during the last half of 2015, and we are pleased once again to report record results and growth,” said CEO Matthew J. Missad.

We grew sales significantly in two key markets and continue to increase our sales of new products.

According to the Cerbat Gem, UFPI also announced a semi-annual dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 1st were given a dividend of $0.45 per share. The ex-dividend date was Tuesday, November 29th.

Company insiders were also active, with UFPI Vice President Patrick M. Benton sold 1,368 shares of the firm’s stock in a transaction dated Monday, November 28th at an average price of $102.56, for a total value of $140,302.08.

Vice President Michael F. Mordell sold 1,700 shares of the firm’s stock in a transaction dated Tuesday, December 13th at an average price of $107.32, for a total value of $182,444.00.

UFPI is one of the various industry-connected stocks monitored each business day on the industry’s only daily market report, featured exclusively on the Daily Business News.  For today’s closing numbers on all MH industry-connected tracked stocks, please click here. ##

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

Inside Look – Tricon Capital’s Recent Manufactured Home Community Moves

December 22nd, 2016 Comments off
TriconManufacturedHousingLandLeaseBusinessCreditTricon-postedManufacturedHousingDailyBusinessNewsMHProNews-

Credit: Tricon.

Toronto, Canada based Tricon Capital Group Inc. (TCN.TO), recently announced that its Tricon Lifestyle Communities (“TLC”) investment vertical has acquired a portfolio of three manufactured housing communities in California comprising a total of 421 residential pads for $30.4 million.

Tricon Capital tells the Daily Business News that two of the communities, Riverdale Estates and Palmdale Estates, are age-restricted properties totaling 336 rental pads located in Indio, California.

The third property, Springdale Estates, located in San Marcos (San Diego County) is a family community consisting of 85 residential home sites.

TLC intends to execute a capital improvement program, focused on the amenity center and entrance features at all three communities.

These acquisitions expand TLC’s presence in California and increase its portfolio size to 3,065 residential pads across 14 communities, with approximately $129 million of assets under management.

Credit: Tricon.

Tricon Lifestyle Communities states that they are focused on acquiring, enhancing and managing manufactured housing communities across the United States through a joint venture with its third-party operating partner, Cobblestone Real Estate LLC, a vertically integrated asset and property manager.

Tricon Capital Group is a principal investor and asset manager focused on the residential real estate industry in North America with approximately $3.1 billion USD of assets under management. Tricon owns, or manages on behalf of third party investors, a portfolio of investments in land and homebuilding assets, single-family rental homes, manufactured housing communities and multi-family development projects.

Tricon Capital Group also recently announced strong Q3 growth during their November 9th earnings call, citing investment income growth across verticals.

InsideTriconCapitalGroupsRecentMovescreditBloomBerg-postedtothedailybusinessnewsmhpronewsmhlivingnews

Tricon 1 year look. Credit: Bloomberg.

Solid execution by our management team and strength in the U.S. housing market laid the foundation for another very good quarter, with meaningful year-over-year growth in all our housing verticals,” said Gary Berman, Tricon’s President and Chief Executive Officer.

InsideTriconCapitalGroupsRecentMovescreditTriconCapital-postedtothedailybusinessnewsmhpronewsmhlivingnews

Gary Berman. Credit: Tricon Capital.

Shareholders will also note that we have revised our MD&A format this quarter, underscoring our commitment to providing simple and transparent reporting to our investors. We believe the new MD&A will help alleviate some of the perceived complexity in our reporting and enable investors to better understand the underlying value of our company.

Finally, we are pleased to report that subsequent to quarter-end we substantially completed the buyout of the minority interest in Tricon American Homes, which will further simplify our reporting and position us better for long term growth in the burgeoning single-family rental industry. Our operating partners were instrumental in helping TAH become a leader in the market and we would like to thank them for the important role they played in our success to date.

Tricon Capital’s Q3 earnings report is linked here. ##

(Image credits are as shown above.)

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.