INDUSTRY
Happenings Patrick Industries Buys Cabinetmaker
Goshen, Ind., cabinetmaker Maple City Woodworking has been purchased by Patrick Industries for an estimated $12 million. The acquisition includes working capital, machinery, equipment, and real estate. Patrick Industries, a leading supplier for the manufactured housing and RV industries, will continue to operate Maple City on a stand-alone basis under its brand name in its existing facilities.
Hunt Provides $6 Million Loan to Refinance Two Utah Communities Country Village and Mountain View Estates, two non-contiguous communities in Layton, Utah, received a $6 million Fannie Mae DUS conventional multifamily loan to refinance the properties. Hunt Real Estate Capital provided the 10-year loan interest-free for the first four years. Developed between 1973 and 1975, the two communities have a combination of single- and double-width spaces among the 145 homesites. Additionally, the communities have 310 parking spaces, two
for every home. Amenities include a clubhouse, playground, and basketball courts.
Three Oklahoma Communities Change Hands Adkins Hill Village in Norman, Okla., a 111-site property that was 95% occupied, and Leisure Estates in Claremore, Okla., a 46-site property that was 96% occupied, were purchased for $4.2 million by Stonetown 6 Investors of Denver from owners in Tracy, Calif, according to Keith Wilson, of Keith Wilson Co. Additionally, South Acres Community LLC of San Antonio purchased South Acres Mobile Home Park of Bristol, Okla., a fully occupied 42-homesite property, for $475,000 from the previous Chandler, Ariz.-based owner.
Cowlitz, Wash., County Commissioners Update Code The Cowlitz County Board of Commissioners in Washington updated the housing code for the first time since 1978 to encourage more affordable housing. Code changes modernize the language and align with state guidelines, Commissioner Dennis Weber said. The updates
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had been discussed for several years and affect sewer and water usage, as well as landscaping, fire safety, transportation, and parking considerations. Cowlitz County has 60 manufactured home communities.
Louisiana Community Sells for $2 Million A north Lafayette manufactured home community sold for nearly $2 million to Stanley Holdings Group. Drake 55 Investments purchased the 10-acre property, Drake Mobile Home Village, for $900,000 at a 2017 sheriff’s department auction.
West Virginia Builder Changes Name Express Modular, a custom modular home provider, is changing its name to Impresa Modular to elevate the 12-year-old company's long-term vision of providing a range of high-quality, on-demand, reliable ser v ices to home buyers a nd builders/developers.
Colorado Coalition Provides First Home A coalition in Elyria-Swansea, Colo., has its first homeowner un-
