Press Release | 01.31.2018

Acquisition of MHC in Florida

MSP closed on the acquisition of a manufactured housing investment located approximately 30 miles north of Orlando, FL. The property is a 55+ age-restricted community with upside potential throughout the development and lease-up of up to 14 additional home sites. The Property is located in a desirable coastal market with robust 55+ MHC fundamentals including consistent long-term rent growth and stable occupancies through economic cycles with no new supply outside of the limited expansion of existing communities. MSP closed this acquisition through its programmatic partnership with a Canadian pension fund and a best-in-class MHC operator.