Happenings
Indu stry
HAPPENINGS
Transactions RHP Acquires Penn., Wisc. Communities
to two of the communities that can accommodate approximately 120 added home sites.
RHP Properties, the nation's largest private owner and operator of manufactured home communities, has purchased Bonneau Heights in Gettysburg,
Modular Builder Opens New Facility in California
Penn., and a set of communities in Wisconsin. The
A modular home builder, Plant Prefab Inc., has
all-ages, 45-site, pet-friendly property is RHP’s 12th in
opened a new home building facility in Kern County,
Pennsylvania, located 10 miles from downtown shops,
Calif., to bring high-quality, environmentally-friendly
restaurants, and other amenities. The company also
homes to market faster and more cost-efficiently
acquired Holiday Park I and II, both located in Stevens
than standard site-built construction. “Right now,
Point, Wis. The purchase expands RHP’s Wisconsin
it’s hard to get buildings built on time,” Plant Prefab
portfolio to 12 communities and brings the company's
Vice President Josh Tech said. “With our building
total of manufactured home communities to 301.
system, we actually can do things much better, at a better quality than you can do at the site.”
Green Courte Purchases Communities in New York
Yale Closes on Toledo-area Portfolio
Green Courte Partners, LLC, a private equity real
Yale Realty and Capital Advisors closed on a 143-
estate investment firm, has acquired a portfolio of
site, fully owner-occupied manufactured housing
four land-lease communities with about 700 exist-
community portfolio, Yale Midwest Regional Director
ing home sites in the greater Rochester, N.Y. area,
James McCaughan said. The two institutional-quality
increasing the organization’s presence in the industry
properties comprising this $8.45 million portfolio
to 21 communities and 7,500 sites, including approxi-
have established infrastructure and easy access to
mately 1,900 homesites in the Rochester market. The
public utilities. The community represents a unique
Rochester acquisition includes vacant land adjacent
opportunity to substantially expand by 150 sites in
6 | JANUARY / FEBRUARY 2022 EDITION
