Sunday, December 7, 2014

Mobile Home Park Sales are Hot

Manufactured Housing Communities Sales are a Strong Investment!

Sun Communities just completed a 31 Community acquisition for $524 million!

Sun Communities completed the first of 2 closing for the acquired assets. Sun Communities expect to acquire the remaining manufactured housing communities from GCP at a second closing in January 2015
Sun Communities, Inc. is a real estate investment trust, or REIT, that currently owns and operates a portfolio of 215 manufactured housing and recreational vehicle communities comprising approximately 78,400 developed sites.  

 The communities included in both closings comprise over 19,000 sites in eleven states, including nearly 11,000 sites located in Florida. Over 14,000 sites, or 73%, of the portfolio are age-restricted.  In connection with this transaction, the Company assumed GCP's right to acquire an additional manufactured home community pursuant to a binding purchase agreement. 

Peterson Commercial Group Specializes in the Sale and Acquisition of Multifamily and Manufactured Housing Communities. Call 520-477-7350 or email us at for a confidential discussion

To read the full article Sun Communities 31 Park Acquisition