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Posts Tagged ‘Land Lease Community’

Transformational! Old Mobile Home Park Redeveloping Into Small or ‘Tiny House’ Factory-Built Housing Project

April 5th, 2019 Comments off

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Champion Homes, or Champion Home Builders, is a mobile and modular home manufacturing company that operates as a subsidiary of the Skyline Champion Corporation,” says Wikipedia. Among their operating brands is Silvercrest, located in Corona, CA 92880.

 

Silvercrest is very much in the mix of what is occurring at the “Palm Canyon Mobile Club.”

According to that land-lease communities YouTube page, “Built in the 1940s, the Palm Canyon Mobile Club was showing its age when the owners approached realtor Paul Kaplan about helping to sell new homes in the park.”

Kaplan suggested a fresh start to the development. He promoted the notion of investing in smaller factory-built homes, which they initially referred to as “tiny homes instead of traditional mobile homes. Rather than partnering with a prefab designer or tiny home architect, they chose to work with a traditional mobile home manufacturer because of the scale of the project (100 homes).”

While the nomenclature is the normal problematic mix, no doubt the promoters wanted the search engine optimization (SEO) value of the phrases “mobile home” and “tiny house.”

DefinitionsTerminologyFactoryBuiltHomesMobileHomesModularHomesManufacturedHomesDailyBusinessNewsMHProNews

TrailerHouseMobileHomeManufacturedHomeFactoryBuiltHousingEvolution101MHProNews-MHLivingNews

You must meet people where they are. Terminology must be taught and caught. Make a habit of using the correct terminology.

Working with manufactured home builder Silvercrest, they pushed for a modern, Midcentury-inspired design more fitting of Palm Springs and avoiding some of the hallmark details of conventional mobile homes like ceiling moldings and six-panel doors,” states their YouTube web page, which has had over 500,000 views in about 7 months.

There’s also a stigma against mobile home parks,” explains Kaplan, adding, “You know the whole trailer trash kind of thing, and I think people are re-looking at it and seeing it really provides a nice sense of community.”

Their page said, “The Palm Canyon Mobile Club has a renovated pool and clubhouse with workout room and community kitchen. The houses start at $115,000 for the 600 square foot model, with a $650 monthly rental fee for the site.”

Their video is below. Let’s note once more that the old canard that a video has to be short to be viewed is proven errant by this one.  The issue in part is, does the viewer want to learn about that given topic?  If a viewer finds the video relevant, they will watch it.

 

 

Published on Sep 9, 2018, this video has at the time we posted it 511,939 views, with some 9,900 likes vs. 359 thumbs down from viewers.

Notice that this video dwarfs what Clayton Homes, or the Manufactured Housing Institute (MHI) has produced in the way of views to ‘debunk’ the manufactured home stereotypes.

These are issues that must be carefully considered, because the powers-that-be in manufactured housing continue to put out industry ‘alerts’ and ‘news updates’ that make it sound like they are doing so much to ‘promote’ the industry or address underlying issues.  If so, where’s the beef?  Where are their results?

To learn more, see the articles linked below.  Our sources are telling us that the Omaha-Knoxville-Arlington ‘axis’ are feeling the heat.  They need to, or they arguably have no incentive to change their patterns of behavior.

That’s this evening’s “Industry News, Tips, and Views Pros Can Use” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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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.

 

 

Related Reports:

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Al Kemp, Taking out the Trash Talk about Manufactured Homes

 

New Manufactured Home Production, Shipment Data-February 2019

 

HUD Lashed for Alleged Manufactured Housing Contract Miscues, Brian Montgomery, White House Notified of National Association Concerns

Cui Bono? “Killing Me Softly,” Manufactured Housing’s New Theme Song?

 

“The Illusion of Motion Versus Real-World Challenges”

 

HUD Code Manufactured Home Production Decline Persists – Time For Action Not Excuses

 

 

 

 

 

 

 

 

 

 

 

Security Mortgage Group Provides Financing for Six Manufactured Home Communities

June 16th, 2017 Comments off
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This community photo, logo and other images from the Security Mortgage website are the property of that firm, and are provided here under fair use guidelines. Text graphic and collage by MHProNews.

ROCHESTER, N.Y. – Security Mortgage Group, a national award-winning Manufactured Home Community (MHC) lending broker, has informed MHProNews that they have provided financing for another six manufactured home communities.

During May and early June, some $23,603,750 in lending was provided for several manufactured home communities in a variety of markets and sizes.

The most recent reported closings for commercial financing included the following transactions.

Here are the Highlights…

GeraldDiMarcoJrSecurityMortgageGroupManufacturedHousingCommunityIndustryFinancingReFi-postedDailyBusinessNewsMHProNews-

Gerard DiMarco Jr, Managing Director, Security Mortgage Group. This photo and other images from the Security Mortgage website are provided under fair use guidelines.

Security Mortgage Group Managing Director, Gerard D. DiMarco, Jr., secured refinancing for a client’s 183-site land-lease community in Warren, OH. The $1,728,000 loan featured flexible prepayment terms and a long-term fixed rate.

Anthony J. DiMarco, the other Managing Director, negotiated refinancing for a repeat client in Louisiana for a

AnthonyDiMarcoSecurityMortgageGroupManufacturedHousingCommunityIndustryFinancingReFi-postedDailyBusinessNewsMHProNews-

Anthony DiMarco, Managing Director, Security Mortgage Group. This photo and other images from the Security Mortgage website are provided under fair use guidelines.

250-site land lease community with a non-recourse loan of $5,210,000.

Another MHC property in Michigan (also known as – a.k.a. ‘mobile home community’) has over 300 sites.  That ‘deal’ Anthony DiMarco arranged featured a non-recourse loan of $14,640,000.

Both of those communities featured clubhouses, playgrounds, and other resident amenities.

Pierce Redmond, Vice President, used a unique “small loan” program to negotiate refinancing terms for a repeat client’s Wesleyville MHP in Erie, PA.  That ‘deal’ had a $342,000 loan, featuring flexible prepayment terms.

PierceRedmonVPSecurityMortgageGroupManufacturedHousingCommunityIndustryFinancingReFi-postedDailyBusinessNewsMHProNews-Redmond also secured financing for a client’s acquisition of the 177-site Heritage Hills MHC in Pulaski, PA. In that case, the property had a $1,323,750 loan. Another client reportedly  had Butternut Creek Manufactured Home Community (MHC) in Charlotte, MI with a $360,000 loan.

Both of those loans featured flexible prepayment terms with fixed rates.

gerry-dimarco-security-mortgage-group-las-vegas-2013-mhi-congress-expo--posted-mhpronews-com-

Security Mortgage Group annual client’s dinner, Las Vegas. These events feature dozens to 100+ attendees, which include the industry’s movers and shakers. From the ‘mom and pop’ operations, to the industry’s best and fastest rising, plus national lenders and the SMG team and DiMarco family. Photo credit, MHProNews.

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Security Mortgage Group is an income property specialist, and the award winning firm offers the complete range of MHC lending products, including, but not limited to, small community loans.

The release to the Daily Business News concluded with, “Security Mortgage Group is a premier national lending source for Manufactured Home Communities, and is a four-time recipient of the “Manufactured Home Community Lending Broker of the Year” award given by the Manufactured Housing Institute.  Call us at 585-423-0230 anytime for specific questions on financing for your community.”

Their original release, is linked here. ##

(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

UMH Wins Manufactured Home Community of the Year Award

May 7th, 2016 Comments off

eugene__landy_left_and_samuel_landy__broadwayworld_crdit__be_mhc_2016MHProNews has been notified by broadwayworld that UMH Properties, Inc. (NYSE:UMH) won the Manufactured Housing Institute’s (MHI) Land Lease Community of the Year award for the Northeast/Mid-Atlantic Region, presented at the 2016 MHI Congress and Expo in Las Vegas, May 4, 2016. Pine Manor is an active 55+ community in Carlisle, Pennsylvania situated in a pastoral setting while close to busy state capital Harrisburg.

Samuel A. Landy, President and Chief Executive Officer, said, “Pine Manor is one of UMH’s premier locations. Tom Stewart, a former Vice President who passed away this year, was the lead developer on this project. He would have been extremely proud to receive this award and it commemorates all of his years of dedicated service.”

Headquartered in Freehold, New Jersey, UMH is a public equity real estate investment trust (REIT) that owns and operates 98 manufactured home communities comprised of 17,800 home sites, located in seven states east of the Mississippi. The company also owns a portfolio of REIT securities. ##

(Photo credit: broadwayworld–Eugene Landy, left, Founder and Chairman of UMH, and Samuel Landy, President and CEO of UMH, accepting the award)

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

Land Lease Community may Continue as Non-Conforming

July 9th, 2015 Comments off

arlington estates outside blair NE   leanna ellis enteprisepub  creditMHPronews has learned Arlington Estates manufactured home community (MHC) outside Blair, Nebraska was sold May 20 to local businessman Clifton Johnson by Kacey Witte. Licensed for 16 home sites, Arlington is zoned light industrial, which legally means no homes can be moved into the community, and those damaged more than 50 percent cannot be replaced.

Witte challenged the ordinance in March of this year, according to enterprisepub, and the Village of Arlington replied that the community can be considered as a legal, nonconforming use, but those who want to move a home in must apply with the village.

Johnson, who said there are several lots available, stated, Any homes approved for move-in must be in nice condition as we plan to improve the park’s visual appearance so that Arlington residents and traffic on Highway 30 view an attractive clean property. This is now a nice, clean, quiet community that offers a needed housing service to the city, and we will continue to improve the appeal and safety for all current and future residents.” ##

(Photo credit: enterprisepub/Leeanna Ellis–Arlington Estates)

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

Wall Street Scopes out ELS’ strong performance this week

January 9th, 2015 Comments off

equity-lifestyle-properties-collage-credit=els-posted-daily-business-news-mhpronews-The Wall Street Scope  tells MHProNews  that it has its analytical eye on Equity Lifestyle Properties (NYSE: ELS).

ELS closed yesterday at 54.94 +0.31 (0.57%). Scope’s report yesterday said that even during the prior week of sliding stocks, ELS has done well, citing the following facts:

Equity LifeStyle Properties, Inc. (ELS) is performing above average with a weekly performance of 5.32% moving this week with a quarterly performance of 28.51% and a 52 week low of 54.81%. Equity LifeStyle Properties, Inc. (ELS)’s monthly performance is  10.03% , profit margin 15.00%, 0.00% insider transactions and, Equity LifeStyle Properties, Inc. (ELS) is a buyer in the REIT – Residential industry with analyst rating of 2.2 for the trading day.

ELS owns and operates communities that are the polar opposite of the one shown in the Mission Trails story published on the Daily Business News earlier this morning. They are the largest firm in the manufactured home community sector, related story, linked here. ##

(Image credit: ELS)

Street Scopes out SUN Communities Inc.

December 3rd, 2014 Comments off

sun_logo123111-credit-suncommunities-posted-daily-business-news-mhpronews-comSun Communities Inc. (SUI) – part of the Real Estate Investment Trust (REIT) sector – closed at 58.41 +0.44 (0.76%) on Wednesday, Google Finance reported.

Wall Street Scope  says the return on investment is 5.00%, as of Tuesday, and Sun performed above average with a weekly performance of 1.85%, moving into this week with a quarterly performance of 7.72% and a 52 week low of 53.06%. Sun’s monthly performance sits at 2.45%, profit margin 7.70%.

Because of such gains, financial experts advised investors to keep an eye on market capitalization. Nasdaq  states to MHProNews  that the most basic reason is that gives a true comparison of the value attributed by the stock market to a given company’s stock.

Meanwhile Market Insider says SUI should head towards $52 per share.

The one year high of the shares is $59.95 and the one year low is $39.53. Sun is one of the stocks tracked on every business day by the Daily Business News market report. As industry readers know, Sun is one of the largest land lease community operators in the nation. ##

(Photo Credit: (Ticker Tech.Com)

joseine-josie-thompson-writer-daily-business-news-mhpronews-com50x50-Article submitted by Josie Thompson to – Daily Business News – MHProNews

Troubled Section of Land Lease Community to Close

August 12th, 2014 Comments off

manufactured homes  abandoned   kaitlyn walsh  northfieldnews creditOne third of the Glasgow Court land lease community in New Castle County, Delaware will close as of July, 2015, displacing residents of 167 homes, to make way for an apartment building, according to delawareonline.com. Kelli DiSabatino, chief operating officer of community owner GCE LLC, noting that part of the community has become crime and drug-ridden, says, “We’re hoping that by doing something there that’s nice, it’s going to hopefully make a change.” She has room to accommodate 130 homes in the other section of the 115 acre community, but residents will have to undergo criminal and credit background checks.

Delaware’s Manufactured Home Relocation Authority will pay up to $5,000 to relocate a single-section manufactured home (MH) within 25 miles, $9,000 for a multsection model and a minimum of $1,500 for a home that cannot be moved. DiSabatino adds that the new rent justification bill hampers the “ongoing viability of the community and the business which it runs,” as she tells MHProNews, but she intends to maintain the rest of the area as an MHC, make some infrastructure improvements and re-build a sense of community. Glasgow is the first MHC in Delaware to close since 2009. ##

(Photo credit: Kaitlyn Walsh/northfieldnews.com–abandoned manufactured homes)

Green Courte Acquires Land Lease Community in Arizona

June 11th, 2014 Comments off

MHProNews.com has been informed that private equity real estate investment firm Green Courte Partners, LLC has acquired Mountain View Estates, a 170-homesite age-restricted manufactured housing community (MHC) in Mesa, Arizona. Green Courte’s William Glascott says, “With this acquisition, our portfolio of age-restricted land-lease communities within the greater Phoenix market includes seven communities with over 1,700 home sites.” American Land Lease, Inc., a wholly-owned subsidiary of Green Courte, manages the company’s MHC portfolio, which now includes over 19,500 homesites comprising 55 communities in eleven states, and will manage Mountain View as well. ##

(Photo credit: Green Courte Partners, LLC)

Residents want to Buy their Land Lease Community

May 1st, 2014 Comments off

Updating a story MHProNews.com last posted April 25, 2014 concerning an MHC in Richmond, Maine that was ordered closed due to water and sewer problems because owner Russell Edwards allegedly said he could not afford repairs, residents now want to buy the community. According to wmtw.com, while Edwards is scheduled to go before the state’s Manufactured Housing Board May 7, 2014, the residents of Meadowbrook Park held a conference call with the Cooperative Development Institute (CDI), a nonprofit that assists in buying out the owner and becoming cooperatively owned. A vote is set to be taken Sunday, May 4 about resident ownership

(Photo credit: iberkshires.com–flooded manufactured housing community)

Ashland Expanding into Land Lease Community Ownership

April 29th, 2014 Comments off

Following a story we first posted Feb. 20, 2014, regarding plans for expansion, MHProNews.com has learned that Ashland Holdings, LLC of Wildwood, Florida has completed the renovation of its Great Plains Holdings Headquarters, which will also alleviate the $12,000 annual storage expense for its sister company, Lil Mark, Inc. In addition, the manufactured home that sits on the property will be rented as office space, as will three other spaces inside the main building, according to marketwatch.com. Ashland Holdings, LLC is engaged in the acquisition and operation of commercial real estate, including manufactured housing communities. ##

(Image credit: Deer Valley Homes)