RHP Properties in Farmington Hills has acquired 17 manufactured home communities in five states for $170 million, bringing its total to 254 communities nationwide.
“With a strong start to 2019, we look forward to continued growth and opportunities throughout the year,” says Ross H. Partrich, CEO of RHP Properties. “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.”
The acquisition includes more than 3,000 sites and the company’s first communities in Wisconsin. RHP Properties now owns Crescent Manor in Tucson, Arizona; Crestline Manor and Lamplighter in Colorado Springs, Colorado; and Island Grove in DeMotte, Indiana. The company’s Pennsylvania properties include Redwood Estates in Oakdale, Virginia Hills in Imperial, and Washington Estates and Washington Estates II in Washington.
Its acquired Wisconsin properties include City View in Kenosha, Wheatland Estates in Burlington, Lincoln Park in West Allis, Village Terrace and Back Acres in Johnson Creek, Hickory Lane in Little Chute, Evergreen Villa in Stevens Point, Lazy Acres in Wausau, and Whispering Pines in Merrill.
With the acquisitions, RHP Properties has nearly 64,000 home sites. The company owns and operates the communities and is privately-held.