RHP Properties, a large private owner and operator of manufactured home communities headquartered in Farmington Hills, announced the acquisition of three manufactured home communities in Iowa, expanding the company’s portfolio to 315 communities nationwide.
The Iowa portfolio includes the communities of Eagle Ridge in Marion, located in the Cedar Rapids metropolitan statistical area (MSA); Park View Village in Grimes, in the Des Moines MSA; and Sunrise in Pella, southeast of Des Moines. The all-age communities have a total of 723 home sites.
“RHP Properties is pleased to announce the acquisition of this portfolio, featuring well established communities in prominent metropolitan areas,” says Ross Partrich CEO of RHP Properties. “These communities are nearby to well-known national employers and have experienced a large population growth over the past two decades.
All three communities feature on-site amenities including clubhouses and storm shelters. Eagle Ridge and Park View Village offer subdivision-style layouts, with mostly large multi-section homes, many of which have garages. The city of Pella boasts top rated schools and is among Iowa’s top 10 safest cities.
Major employers in the region include General Mills, Wells Fargo, and Pella Windows. All three communities are in growing metro-areas that have experienced significant population increases over the past 20 years.
RHP’s portfolio has several Michigan communities, including Orchard Grove in Ann Arbor, The Woodlands in Oakland Charter Township, Colonial Manor in Kalamazoo, Brighton Village in Brighton, and more.