MANUFACTURED HOUSING PROPERTIES INC. ACQUIRES GOLDEN ISLES MANUFACTURED HOUSING COMMUNITY

Rhea-AI Summary

Manufactured Housing Properties, Inc. (OTC:MHPC) announced the acquisition of the Golden Isles manufactured housing community, situated in Brunswick, Georgia. This community consists of 121 lots, bringing the total number of owned and operated properties to 20, comprising 1,356 lots. The company aims to expand its portfolio in high-growth markets, reflecting its strategic focus on the manufactured housing sector.

Positive

• Acquisition of Golden Isles increases total owned properties to 20 and total lots to 1,356.
• Strategic focus on high-growth markets supports potential revenue growth.

Negative

• None.

Charlotte, North Carolina, April 02, 2021 (GLOBE NEWSWIRE) -- Manufactured Housing Properties, Inc. (OTC:MHPC) today announced the acquisition of Golden Isles manufactured housing community.

Golden Isles is a 121 lot property located in Brunswick, Georgia. The company now has 20 owned and operated manufactured housing communities totaling 1,356 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.

Contact:
Michael Z. Anise
President and Chief Financial Officer
(980) 273-1702

Cautionary Statement Regarding Forward-Looking Statements

Any statements contained in this press release regarding us, our expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and are forward-looking statements. Investors are cautioned that these forward-looking statements involve uncertainties and risks that could cause actual performance and results of operations to differ materially from those anticipated. The forward-looking statements contained herein represent our judgment as of the date of publication of this press release and we caution you not to place undue reliance on such statements. Factors that could cause actual results to differ from the forward looking statements include those factors described in the “Risk Factor” section in our annual and quarterly reports filed with the SEC.  Our company, our management and our affiliates assume no obligation to update any forward-looking statements to reflect events after the initial publication of this press release or to reflect the occurrence of subsequent events.

FAQ

What is the purpose of MHPC's acquisition of Golden Isles?

The acquisition aims to expand Manufactured Housing Properties' portfolio in high-growth markets.

How many lots does the Golden Isles community have?

The Golden Isles community consists of 121 lots.

How does the Golden Isles acquisition impact MHPC's total properties?

With this acquisition, MHPC now owns 20 manufactured housing communities totaling 1,356 lots.

When was the acquisition of Golden Isles announced?

The acquisition was announced on April 2, 2021.

What is the stock symbol for Manufactured Housing Properties?

The stock symbol for Manufactured Housing Properties is MHPC.