Posts Tagged ‘mesa arizona’

Marcus & Millichap Engineer MHC Sale

July 3rd, 2014 Comments off

Patio Garden Mobile Home Community, a 90-site, senior manufactured home community (MHC) in Mesa, Ariz., was sold by Marcus & Millichap (NYSE:MMI) for $4.5 million, according to The transaction was part of a 1031 exchange for a San Diego apartment portfolio, MHProNews has learned. Douglas Danny, of M&M’s National Manufactured Home Community Group, was the principal in the deal. Built in 1977 on 9.52 acres, the fully occupied community includes 73 MHC sites and17 sites for recreational vehicles (Rvs), as well as a clubhouse, laundry facilities and a car and RV wash. ##

(Image credit: Marcus & Millichap)

Green Courte Acquires Land Lease Community in Arizona

June 11th, 2014 Comments off 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)

Greenstar Expands into Idaho

September 20th, 2012 Comments off

IdahoBusinessReview reports Mesa, Arizona-based Greenstar Building Systems has purchased a building in Weiser, Idaho to make modular housing for workers at oil and mining camps. The 67,000 square-foot building was previously owned by Champion Homes, which consolidated its work force into another building during the housing turndown. Greenstar anticipates hiring over 75 production workers, including carpenters, painters, electricians, plumbers and assemblers, likely drawing on former Champion employees. In addition to producing modular homes for work camps in Texas, North Dakota, Montana, Nevada and Canada, the company also provides septic, utility, power, security and food services at the work sites. MHProNews has learned hiring will begin by mid-October. The facility will also include a sales force.

(Image credit: Global Regina)