INDUSTRY happenings Transactions Ownership Group Buys 20 Acres in Kansas for Community Expansion Green Courte Partners acquired a 20-acre land parcel adjacent to Conestoga, a land-lease community it owns in Gardner, Kansas, a suburb of Kansas City, to develop an added 98 homesites for the community, bringing the property to 757 homesites. Green Courte owns and operates 7,000 homesites nationally. The new section is in development as “Lakeside at Conestoga” and offers a lake, walking paths, and a pavilion, in addition to the clubhouse, pool, playground, and other amenities at Conestoga.
Patrick Industries to Construction La Porte, Ind., Factory One of the leading employers from Elkhart, Ind., Patrick Industries, will open a new plant in La Porte, Ind., creating approximately 30 new jobs during the next four years. The 60,000 square-foot-facility in the Thomas Rose Industrial Park will help support its supply and distribution to several industries, including marine, RV, and manufactured housing.
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Yale Advisor’s Realty Division Closes 1300 Spaces Across the Nation In roughly two months Yale’s real estate division has closed on the sale of nine communities with a total of about 1,300 hundred spaces from Florida and Georgia, to Missouri and Oregon, with transaction sizes ranging from $2.5 to $61 million. “The geographical and asset diversity of these recent closings emphasizes Yale’s reach and national teams’ position in the market,” Yale founder James Cook said.
Maverick Commercial Mortgage Finances Parks in Texas, Washington Leisure Living Manufactured Housing Community in Fort Worth, Texas, has received a $6.15 million loan through Maverick Commercial Mortgage. Benjamin L. Kadish, president of Maverick, said the 10-year, non-recourse loan has a fixed interest rate, and amortizes over a 30 year schedule. Proceeds from the loan were used to pay off the first mortgage lender, paid for closing costs and returned equity. Leisure Living has 124 homesites, off-street parking, a clubhouse with a gathering room, dining area, and kitchen, as well as on-site management, boat / RV storage, and a swimming pool. The second
