MANUFACTURED HOUSING PROPERTIES INC. ACQUIRES FIVE NEW COMMUNITIES
Manufactured Housing Properties Inc. (OTC:MHPC) announced the acquisition of multiple manufactured housing communities, expanding its portfolio significantly. In January 2023, the company acquired Country Aire and Merritt Place communities in South Carolina and Georgia, which includes 105 lots and 40 developed lots, respectively. Additionally, the November and December acquisitions include a Wake Forest portfolio and Mobile Cottage, totaling 72 lots and 23 lots. With these acquisitions, MHPC now owns 57 communities comprising 2,747 lots, focusing on growth in high-demand markets.
- Acquired Country Aire, enhancing presence in Greenville Metro.
- Expanded operations by acquiring Merritt Place with lots in Brunswick, GA.
- Increased total portfolio to 57 communities with 2,747 lots.
- Strengthened market position in North Raleigh and Morganton, NC.
- None.
Charlotte, North Carolina, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Manufactured Housing Properties Inc. (OTC:MHPC) today announces the January 2023 acquisitions of Country Aire & Merritt Place Manufactured Housing Communities and the November and December acquisitions of the Wake Forest portfolio and Mobile Cottage.
Country Aire consists of 105 lots and is situated on approximately 20.8 acres in Simpsonville, South Carolina, a town in the Greenville Metropolitan Statistical Area. Merritt Place consists of 40 developed lots, 14 lots under development, and 24 homes, and expands the company’s presence in the Brunswick, Georgia market. The Wake Forest portfolio consists of Cooley and Country Road Manufactured Housing Communities, totalling 72 lots and 54 homes in the North Raleigh region; and Mobile Cottage adds 23 lots and 18 homes to MHPC’s presence in Morganton, NC.
MHPC now owns and operates 57 manufactured housing communities totalling 2,747 lots.
About Manufactured Housing Properties Inc.
Manufactured Housing Properties Inc., together with its affiliates, acquires, owns, and operates manufactured housing communities. The company focuses on acquiring and operating manufactured housing communities in high growth markets and is actively seeking to expand its portfolio.
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Contact:
Adam Martin
Chief Investment Officer
(980) 273-1702 ext. 239
FAQ
What communities did Manufactured Housing Properties acquire in January 2023?
How many lots does MHPC now own after the recent acquisitions?
What is the significance of the Wake Forest portfolio acquisition for MHPC?
What is the location of the Country Aire community acquired by MHPC?
How does the Merritt Place acquisition impact MHPC's presence in Georgia?
