The 48-site Sunset Mobile Home Park in Somerset last traded in 2018.
Horizon Land Co. used the financing to acquire 93 manufactured home communities in a transaction valued at more than $740 million.
With a goal of $10 million, the vehicle will focus on properties in the western U.S.
The firm has added 34 factory-built homes to its Meadowstone mobile home park in Hastings.
Here’s what manufactured housing managers should do to get their properties in prime condition for the warm season.
The new owner assumed the outstanding balance of a $4.3 million Fannie Mae loan.
Two industry executives share their experiences in acquiring and managing value-add properties without overburdening the residents.