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Posts Tagged ‘shopping’

MHC Owner Busy Selling Homes

May 20th, 2013 Comments off

Having re-branded 18-year-old SSK Communities as “You Got it Homes,” co-founder Nathan Smith says the company sold no new manufactured homes in 2011, 60 in 2012, and they are already ahead of last year’s sales, due to aggressive TV ads. As the owner/operator of 22 land lease communities with 4,900 homesites in Indiana, Kentucky, and Ohio, Smith says they are one of the first companies in the country to build a vertically-integrated business model—they sell the manufactured homes, arrange or provide financing, insure the home and manage the communities. Cincinnati reports Smith, who is also chairman of the Manufactured Housing Institute (MHI), says people like the streamlined one-stop shopping approach, and the company’s website, yougotithomes.com has generated over 4,000 sales leads. MHProNew has learned SSK is the largest MHC owner in Kentucky and one of the top 30 in the country.

(Photo credit: Carie Cochran/enquirer–Nathan Smith with one of the homes for sale.)

Black Diamond Completes Shopping in Australia

January 18th, 2013 Comments off

MarketWatch reports that Calgary, Alberta Canada-based Black Diamond Group Limited has completed the acquisition of 90 percent of the modular rental business and 20 percent of the modular building manufacturing business of Australian Portable Buildings Pty. Ltd. MHProNews has learned Black Diamond is a remote lodging, modular building, and energy services company. Far flung, it’s series of subsidiaries provide a number of services for education, government, industry, construction and engineering, and the oil and gas industries in the USA and Canada. The acquisition became effective Jan. 1, 2013.

(Photo credit: arabianbusiness)

New Firm Shopping for MHCs

December 31st, 2012 Comments off

BizJournals tells MHProNews newly-formed Inspire Communities of Gold River, Calif. intends to be a player on the national MHC scene. Formed when Follett Investment Properties combined forces with American Infrastructure MLP Funds in Foster City, Calif., just south of San Francisco, Matthew Follett, CEO of Inspire says they have already acquired eight MHCs in Michigan, Arizona and Texas. American Infrastructure is a private equity firm and the majority stakeholder in Inspire, which now has $100 million to go shopping for more communities.

(Photo credit: TriStar Estates MHC)

New Modular Builder on the Block

May 22nd, 2012 Comments off

The Chronicle tells us another modular player has entered the housing game in the oil boom of North Dakota. Colorado-based Confluence has already set the first of ten units of apartments called Confluence at Harvest Hills, as the initial 12 modules were sited May 15. Occupancy of the first unit is set for Aug. 1, 2012. The high end, one to three-bedroom apartments will be family friendly and energy efficient, and accessible to schools, shopping, and other services. Chief Custom Homes is manufacturing the apartments and intends to continue assembling the remaining units over the next year. Samuel Haviland of Confluence says, “We are developing a housing project that raises the bar on quality construction, and provides a family-oriented environment for a workforce that all too often deals with the strain of being away from spouses and children.” MHProNews.com has learned the housing shortage is so severe some people are living in tents, campers, and even cars.

(Photo credit: PRWeb/HC)