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Posts Tagged ‘owner operators’

Tiny House, not ok’d for Manufactured Home Community

August 30th, 2013 Comments off

tiny-house-Bob Pritt’s 208 square foot home is only 208 square feet, cost him about $20,000 to build, but Anderson County can’t say yes, because his home is not a HUD Code certified manufactured home, so it can’t be placed in a manufactured home land lease community. Pritt’s had his home titled as an RV, WBIR tells MHProNews. But as community owner-operators in many parts of the U.S. know, manufactured home communities are often only allowed to have pre-HUD code mobile or post HUD Code manufacured homes in them, no RVs or tiny houses are allowed. It is interesting to note that Pritt’s tiny house, on a cost per square foot basis, is about 3 times the price of many 16×80 single section manufactured homes. ##

(Image Credit: WBIR)

Killam Releases Q1 Results

May 13th, 2013 Comments off

Killam Properties, Inc. reports for the three months ended March 31, 2013 property revenue increased 1.7 percent from $32.7 million to $33.2 million over the same period of 2012, while net rental income fell 3.6 percent, from $18.8 million in Q1 2012 to $18.1 million for 2013. Funds from operations (FFO) per share remained at $0.15 for both quarters, while FFO rose 4.7 percent from $7.4 million to $7.8 million. Overall, net operating income dropped 1.1 percent from $17,058,000 in Q1 2012 to $16,868,000 for the quarter ending March 31, 2013. As MHProNews knows, Killam Properties is one of the largest owner/operators of multifamily and manufactured homes in Canada with 50 MHCs and a portfolio of apartment buildings, primarily in Atlantic Canada.

(Photo credit: Killam Properties, Inc.)

Killam to Serve up Q2 Financials

August 3rd, 2012 Comments off

Halifax, Nova Scotia-based Killam Properties, Inc. announces it will release its second quarter 2012 financial results Wed. Aug. 8, 2012 after the market closes. The following day, Thurs. Aug 9, Killam will conduct a conference call at 12:00 noon eastern time to discuss the results. MHProNews has learned Killam is one of the largest residential landlords and owner operators of manufactured home communities in Canada, with over 50 MHC’s comprising 7,409 home sites, as well as 146 apartment properties comprising 10,912 apartment units. In 2011, 22% of its net operating income was generated by the MHCs.

(Image credit: Killam Properties, Inc.)