RHP Properties Announces the Purchase of 17 Manufactured Home Communities in Five States for $170M
FARMINGTON HILLS, Mich. –March 4, 2019–RHP Properties, the nation’s largest privately held owner and operator of manufactured home communities, has announced the acquisition of 17manufactured home communities in five states containing 3,177 sites--including its first communities in Wisconsin--bringing the company’s total of manufactured home communities to 254nationwide. The announcement was made by Ross H. Partrich, CEO, RHP Properties.
With these purchases, RHP Properties now owns and operates the following communities:
- Arizona: Crescent Manor in Tucson
- Colorado: Crestline Manor and Lamplighter in Colorado Springs
- Indiana: Island Grove in DeMotte
- Pennsylvania: Redwood Estates in Oakdale; Virginia Hills in Imperial; and Washington Estates and Washington Estates II in Washington
- Wisconsin: City View in Kenosha; Wheatland Estates in Burlington; Lincoln Park in West Allis; Village Terrace and Back Acres in Johnson Creek; Hickory Lane in Little Chute; Evergreen Villa in Stevens Point; Lazy Acres in Wausau; and Whispering Pines in Merrill.
“RHP Properties is pleased to announce the purchase of these high-quality manufactured home communities, including expanding our company profile into the state of Wisconsin,” said Partrich. “With a strong start to 2019, we look forward to continued growth and opportunities throughout the year. As the need for affordable housing continues in the United States, we are proud to offer high quality homes, become active members of these communities and provide our 30 years of stable management and ownership experience to our residents.”
With these acquisitions, RHP Properties now owns and operates254manufactured home communities totaling more than 63,659home sites.