RHP Properties has acquired 29 manufactured home communities in Illinois, Indiana and Michigan containing more than 4,200 sites for a purchase price of $184 million. This brings the company’s total of manufactured home communities to 297 across the nation.
“RHP Properties is pleased to announce the purchase of the Heritage Portfolio. We are proud to be preserving affordable housing for more than 4,000 families,” said Ross Partrich, chief executive officer of RHP Properties. “We also plan to improve these communities, including the addition of brand new homes.”
The planned improvements include new or enhanced amenities, playgrounds and roads. The company also plans to bring in brand new homes at affordable prices, where residents can enjoy the privacy of a single family home and all the energy efficient features and design of today’s manufactured home.
With these acquisitions, RHP Properties now owns and operates 297 manufactured home communities totaling 71,184 home sites.