Atlanta’s ARA recently closed the sale of a 16-property manufactured-home community portfolio containing 5,919 land-lease home sites, including several in Michigan.
The portfolio includes land-lease home sites in Michigan, Arizona, Colorado and Texas.
Todd Fletcher and Andrew Shih, ARA national manufactured housing group co-directors represented the seller, Hometown America, a private owner/operator based in Chicago. The buyer, Amerian Manufactured Communities REIT, is a privately held REIT newly formed to acquire, own and operate manufactured housing community and related assets.
