RHP Properties in Farmington Hills has announced the acquisition of communities in Maine and South Carolina, bringing the company’s total number of manufactured home communities to 256 nationwide. This is the first purchase for RHP Properties in both states, bringing the company’s presence to 27 states.
The two communities are Pinetree Estates in Standish, Maine and Spring Valley in Hanahan, S.C.
Pinetree Estates includes 224 sites and is located in southern Maine within minutes of the greater Portland area. Spring Valley is 20 minutes from downtown Charleston, S.C. and includes 210 sites.
“RHP Properties is pleased to announce the purchase of these high-quality manufactured home communities and expanding our company profile into the states of Maine and South Carolina,” says Ross H. Partrich, CEO of RHP. “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.”
Founded in 1988, RHP is the nation’s largest privately held owner and operator of manufactured home communities with managed assets of $4 billion. It has about 64,093 homes in 27 states. RHP employs more than 950 professionals and continues to seek acquisitions throughout the United States.