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Posts Tagged ‘REJournals’

246 Site Manufactured Home Community Sold in Michigan

August 15th, 2015 Comments off

coachman_s_cove_mhc__munith_mich__fhmanagement__creditCoachman’s Cove manufactured home community (MHC) in Munith, Michigan was sold at auction July 24 by Friedman Integrated Real Estate Solutions, according to rejournals. Consisting of 213 single section home sites and 33 sites for multi-section, Coachman is located 30 minutes from Ann Arbor on Big Portage Lake next to Waterloo Recreational Center and features hiking, hunting, fishing, golf and a clubhouse and nearby marina with free boat storage.

Barry Swatsenbarg and Rich Deptula of Friedman represented the seller in this transaction. MHProNews contacted Friedman to determine the new and previous owners as well as the selling price and possible intent of the buyer, but the query went unanswered. However, a website search revealed First Holding Management Company LLC of Bloomfield, Michigan as the property owner, likely the seller in this transaction. First Holding also owns Key Heights MHC, a 286-home site community in Lowell, Michigan. ##

(Photo credit: fhmanagement-Coachman’s Cove MHC in Munith, Michigan)

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

Seller Identified in Manufactured Housing Community Transaction

December 2nd, 2013 Comments off

Updating a story MHProNews posted Nov. 8, 2013, Marcus & Millichap’s Cleveland office represented Melrose MHP LLC in closing the sale of five manufactured housing communities (MHCs) to real estate investment trust (REIT) UMH Properties for $11.8 million. According to rejournals.com, the homesites cost $22,736 per. UMH has been particularly aggressive recently in acquiring communities near the Utica and Marcellus Shale energy drilling region that encompasses eastern Ohio and western Pennsylvania and New York. This addition of four of the communities in Ohio and one in New York to its stable brings UMH’s portfolio to 74 communities comprised of 13,400 developed home sites.

(Photo credit: UMH Properties, Inc.)

Ohio MHC Changes Hands

October 6th, 2011 Comments off

REJournals reports Atlanta-based broker ARA sold a manufactured housing community in Groveport, Ohio, to October Investment Properties LLC, of Chicago. The 126 homesite Greenfield Estates, an all age community, is sited on 20.5 acres in Groveport, Ohio, 11 miles southeast of downtown Columbus. Established by David Worth in 2001, October specializes in repositioning real estate assets, and has been active in brokering MHCs. ARA National Manufactured Housing Group co-directors Todd Fletcher and Andrew Shih engineered the transaction.

(image credit: Greenfield Estates)