The Cleveland office of Marcus & Millichap recently closed the sale of an 11-property, 2,413-site portfolio of manufactured homes located in western New York State and Pennsylvania. The sales price for the portfolio is $88 million.
Jonathon McClellan and Kyle Baskin, both in Marcus & Millichap’s Cleveland office, represented the seller, Pittsford, N.Y.-based Morgan Management.
The buyer is a joint venture between Federal Capital Partners and Horizon Land Co. LLC.
