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$170 Million Manufactured Home Community Acquisition by Giant RHP Properties, 17 MHCs, Now 25 States

March 7th, 2019 Comments off

 

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Last year, growing RHP Properties expanded their portfolio, but the giant manufactured home community (MHC) operation is doing even more buying in 2019.

 

On Sept. 10, 2018, RHP Properties – which says they have the nation’s largest privately-owned portfolio of manufactured home communities (MHC) – announced that they had acquired Shady Park. That MHC has 304 home sites, and is located in Selbyville, DE.

In an announcement on March 16, 2018, RHP Properties, told the Daily Business News on MHProNews that the firm acquired Brookside Country Club. That land-lease community has 421 home sites and is located in El Monte, California.

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But earlier this week, one of the largest operations of its kind in the manufactured home community sector – per the National Communities Council data posted above – announced an even larger move.

 

 

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Per the firm’s release, RHP “Expands into Wisconsin/Portfolio Now Includes 25 States.”

FARMINGTON HILLS, Mich., March 4, 2019. RHP Properties, the nation’s largest privately held owner and operator of manufactured home communities, has announced the acquisition of 17 manufactured home communities in five states containing 3,177 sites — including its first communities in Wisconsin — bringing the company’s total of manufactured home communities to 254 nationwide.  The announcement was made by Ross H. Partrich, CEO, RHP Properties.

With these purchases, RHP Properties now owns and operates the following communities:

  • Arizona: Crescent Manor in Tucson
  • Colorado: Crestline Manor and Lamplighter in Colorado Springs
  • Indiana: Island Grove in DeMotte
  • Pennsylvania: Redwood Estates in Oakdale; Virginia Hills in Imperial; and Washington Estates and Washington Estates II in Washington
  • Wisconsin: City View in Kenosha; Wheatland Estates in Burlington; Lincoln Park in West Allis; Village Terrace and Back Acres in Johnson Creek; Hickory Lane in Little Chute; Evergreen Villa in Stevens Point; Lazy Acres in Wausau; and Whispering Pines in Merrill.

RHP Properties is pleased to announce the purchase of these high-quality manufactured home communities, including expanding our company profile into the state of Wisconsin,” said Partrich. “With a strong start to 2019, we look forward to continued growth and opportunities throughout the year. As the need for affordable housing continues in the United States, we are proud to offer high quality homes, become active members of these communities and provide our 30 years of stable management and ownership experience to our residents.”

With these acquisitions, RHP Properties now owns and operates 254 manufactured home communities totaling more than 63,659 home sites.

About RHP Properties, Inc.

Founded in 1988, RHP Properties is the nation’s largest privately held owner and operator of manufactured home communities with managed assets of $3.8B, including 254 manufactured home communities nationwide, totaling about 63,659 homes in 25 states. Headquartered in Farmington Hills, Michigan, RHP Properties employs more than 950 professionals.

— end of RHP media release to MHProNews

It’s a big, bold move that has the industry’s largest privately owned communities portfolio advancing even closer to the site-count of Sun Communities (SUI) and Equity LifeStyle Properties (ELS).  Other recent community sector related reports are further below the byline, industry head-line email news and other offers, plus our notices.

 

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Manufactured Home Community Residents Reach Settlement In Legal Action

April 24th, 2017 Comments off
ResidentsReachSettlementInLegalActioncreditLowellSun-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Lowell Sun.

In Massachusetts, residents of the Chelmsford Commons manufactured home community have reportedly reached a six-figure settlement in a class action lawsuit against community owner, Michigan based RHP Properties.

According to the Lowell Sun, the suit alleges that RHP improperly raised rents on residents over the last five years. As a result of the settlement, residents have started to see reductions in their rent rates, and RHP has agreed to pay out more than $100,000 to about 350 current and former residents.

I’m hoping that we can get something to bring us all back down again,” said resident Sally Walters, who received a letter earlier this month that RHP was reducing her rent by $9 as a result of the settlement.

Three community residents, who claimed that RHP violated a 1990 master lease agreement that stated that rent increases were to be based, in part, on changes to the Boston Consumer Price Index, filed the lawsuit earlier this month.

Instead, the suit claims RHP based the increases on the national CPI, which rose faster than the Boston index, resulting in inflated rents.

The new owners, if the cost of living doesn’t go up they’re still going to charge you,” said one resident.

They know lots of the residents are on social security and disability.”

Additionally,the lawsuit also claimed that RHP added the cost of repairing a water main break to residents, and that as a part of the settlement, RHP has agreed to set aside an additional $10,000 to compensate residents.

For residents, even though the reduction amounts may be small, they have a significant impact. Many residents, who are on fixed incomes, have had to leave the community due to rent increases of $20 to $30 per month.

Anything helps, there’s no doubt about it,” said resident Jerry Robinson. Robinson has seen a reduction in his rent of $16 so far.

A Middlesex Superior Court judge still has to approve the settlement before notices are sent to residents. RHP has not commented on the settlement. ##

 

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews

Road Construction will Require Manufactured Home Residents to Move

April 18th, 2017 Comments off

(Greenwood Estates MHC credit: Scott Roberson Daily Journal)

More than two dozen homes in Greenwood Estates manufactured home community just south of Indianapolis, Indiana will have to relocate while Worthsville Road is expanded to accommodate increased traffic and development from U. S. 31 to State Road 135. The first leg of the expansion, from U. S. 31 to Interstate 65 was completed last fall, according to what Daily Journal tells MHProNews.

While the expansion has long been on the drawing board of the city of Greenwood, it will not likely affect the residents until next spring; and because the expansion is 80 percent funded by the U. S. government, residents will be reimbursed for the costs associated with relocation, whether it involves moving the homes to a new location and/or purchasing another home, according to Boomerang Ventures’ Joe Gromosky, who will be handling the relocation process.

(Greenwood Estates MHC credit: Scott Roberson Daily Journal)

While several residents have expressed concerns about what the reimbursement will be to move, RHP Properties, which manages the MHC, said it is monitoring the situation.

RHP Properties President Joel Brown said, “Our highest priority is the safety and well being of our residents. We are aware of the city’s plans and are in the process of reviewing. We will be reaching out to city of Greenwood officials to obtain more information and confirm specifics of the proposed plans.” ##

 

(Image credits are as shown above.)

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Submitted by Matthew J. Silver to Daily Business News for MHProNews.

Stinking Up the Place: Manufactured Home Community Issues

April 6th, 2017 Comments off
StinkingUpthePlaceManufacturedHomeCommunityIssuescreditMHVillage-postedtothedailybusinessnewsmhpronewsmhlivingnews

The Ortega Village Community. Credit: MHVillage.

In Jacksonville, Florida, residents of the Ortega Village community say that they are tired… of the smell.

But it turns out that some residents may be causing the issue.

Per First Coast News, behind an attractive entrance to the community, lies a smelly, and potentially hazardous problem.

Sewer lines continue to back up at Ortega Village, and according to at least one resident, it’s been an ongoing issue.

It is disgusting and it has been going on too long,” said resident Kameelah Haywood.

I’ve been here a year and it has probably been five times where we have had sewage backed up into my toilet, and into the tub.”

The community, operated by Michigan Based RHP Properties and Bayshore Home Sales, has managed to identify the problem in a recent letter to residents.

We are experiencing high volume of sewer back up due to non- flushable items…. Socks, Shirts, Baby Wipes, golf balls, grease.”

StinkingUpthePlaceManufacturedHomeCommunityIssuescreditFirstCoastNews-postedtothedailybusinessnewsmhpronewsmhlivingnews

One of the backups. Credit: First Coast News.

Haywood says that in past instances, plumbers would come out to fix the problem, but that the fixes were temporary, as the backups would happen shortly afterwards. She also can’t figure out why the non-flushable items would affect her.

I’m not putting any of those things down the drain so why would I have that problem? asked Haywood.

It is my neighbor and the other neighbor, it is three of (them) that I know of.”

Residents say that the backups happen so often, they have to remove the sewer clean out cap to get the stench and sewage out of their homes. They also believe that they know what the issue is – the community’s lift station, which moves wastewater from lower to higher elevations.

StinkingUpthePlaceManufacturedHomeCommunityIssuescreditPollutionControlSystems-postedtothedailybusinessnewsmhpronewsmhlivingnews

An unrelated lift station. Credit: Pollution Control Systems.

Haywood, who pays $650 a month in rent, says that she just wants the problem solved.

I feel it is their problem they should take care of it,” said Haywood.

Put me in another trailer [sic] or take care of the problem permanently.”

The Daily Business News recently has reached out to RHP Properties for comment and will update this story accordingly.

For more on sewage related challenges for manufactured home communities, including the case of Elmwood Mobile Manor in Puyallup, Washington dealing with the effects of flooding from a new community development, click here. ##

 

(Image credits are as shown above.)

 

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RC Williams, for Daily Business News, MHProNews.

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

RHP Acquires two MHCs in Connecticut

August 5th, 2016 Comments off

RHP_Properties__their_credit postedDailyBusinessNewsMHProNewsMHProNews has learned from rebusinessonline that Farmington Hills, Mich-based RHP Properties has acquired two manufactured home communities (MHC) in East Hartford, Conn.

Both the 263-home site Rivermead Manufactured Home Community and the 199-home site Colonial Manufactured Home Community are all age communities but with a focus on seniors.

RHP now owns and operates 30 MHCs with over 1,200 home sites in New England. Neither the seller nor the terms of the acquisition were revealed. ##

(Photo credit: RHP Properties

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

RHP Properties Acquires another Manufactured Home Community

March 10th, 2016 Comments off

rhp_properties__their_creditMHProNews has learned from hometownlife that RHP Properties has acquired the 289 home site Wayson’s Manufactured Home Community (MHC) in Lothian, Maryland.

RHP CEO Ross Partrich said, “RHP Properties is pleased to add Wayson’s Manufactured Home Community to our portfolio of high quality communities,” said Partrich. “This desirable community boasts a high occupancy and is an affordable housing alternative for those who work in Washington, Annapolis or Baltimore. It’s a perfect location with convenient access to these major metropolitan areas.”

Based in Farmington Hills, Michigan, RHP now owns and operates 979 home sites in five MHCs in Maryland. ##

(Photo credit: RHP Properties)

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

RHP Properties Acquired 5,538 Home Sites In 2015

February 29th, 2016 Comments off

rhp_properties__their_creditMHProNews has learned from rejournals Farmington Hills, Michigan-based RHP Properties acquired 18 new manufactured home communities (MHC) in 2015, and it now owns 226 MHCs in 23 states. With over 56,349 home sites, the company touts itself as the second largest private owner of MHCs in the nation, according to the company website.

In March of 2015 the company acquired a 515 home site MHC in Kansas, followed by the July, 2015 purchase of two high-end communities in Las Vegas totaling 609 sites. In Sept. the company acquired two MHCs in Colorado Springs with 387 home sites. Finally, in Nov., RHP finalized the purchase of 13 communities totaling 4,027 sites in Florida, New York, Texas, Indiana, Kansas, Michigan and North Carolina.

The value of all 5,538 acquired communities is $220 million. The company sales and marketing wing is Bayshore Home Sales which sells over 450 new and used manufactured homes per month. ##

(Photo credit: RHP Properties)

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

No Damage from Flood in IL Manufactured Home Community

January 28th, 2016 Comments off

Illinois--flooded_mallard_lake_mhc_pontoon_beach__advantagenews__ted_lohr_creditResidents of the Mallard Lake manufactured home community at Pontoon Beach, Illinois, near Alton, were forced from their homes by a flood. Upon their return, up to a week or more later, some were surprised to find eviction notices taped to their door for late payment, as advantagenews informs MHProNews.

Heavy rain hit the 278-home site community Dec. 26 and people had to leave hurriedly. Community owner RHP Properties quickly recanted on the eviction notices and even offered extra time for residents to make the monthly rental payments, as well as waiving the late fees.

Power was cut to the community on the first day when the flooding began, causing food spoilage in refrigerators and freezers, but Dave Hale, regional vice president of operations for RHP, said he knows of no damage to any of the homes because they are raised off the ground. Not all homes were as threatened as others by the rising waters.

The Village Green and Lakeshore Estates communities were also evacuated.

According to their website, RHP Properties is the nation’s largest (or second largest—their website says both) private owner and operator of manufactured home communities in the country, with 224 communities comprised of 56,349 home sites in 23 states. ##

(Photo credit: advantagenews/Ted Lohr–Mallard Lake MHC underwater)

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

Bridge Collapse Strands Community Residents

June 19th, 2013 Comments off

A sinkhole on a bridge at the Pine Haven manufactured housing community in Marietta, GA left residents who relied on the only vehicular access to the community stranded on Monday, June 17. Some residents needing to go to work relied on cabs or friends to take them; others waited for repairs to be completed. While several residents said it is not the first time the bridge has broken down, manager Randy Iaquinto stated RHP Properties acquired Pine Haven in January, and he was unaware of previous problems. Heavy storms during the night likely led to the collapse, which was discovered around 4 AM, according to what cbsatlanta tells MHProNews. Iaquinto said he expects temporary passage to be set up by Monday evening. As we reported April 16, RHP Properties acquired 71 manufactured housing communities for $865 million. It was not immediately know if that acquisition include Pine Haven.

(Photo credit: cbsatlanta–Pine Haven manufactured housing community)

MHC Investors to Present at Forum

May 23rd, 2013 Comments off

MarketWatch reports senior executives of MHC owner UMH Properties, Inc. will present at this year’s National Association of Real Estate Investment Trust’s (NAREIT) REITWeek Investor Forum June 5, 2013. Held at the Hilton Chicago, as MHProNews has learned independently, Northstar Realty Finance Corp. will also be among the presenters at the forum. UMH owns and operates 68 manufactured home communities comprised of 12,800 developed home sites in seven states. As we reported here April 16, 2013, Northstar is involved with RHP Properties in the recent $865 million acquisition of 71 manufactured home communities.

(Image credit: UMH Properties, Inc.)