RHP Properties, a national private owner and operator of manufactured home communities headquartered in Farmington Hills, has announced the acquisition of three manufactured home communities in Fond du Lac, Wisc.
The communities include Gaslight Terrace, Green Meadows, and Lakeshore Terrace, which combined offer a total of 455 home sites.
“Our recent acquisitions in Fond du Lac add to our portfolio of affordable home communities in sought-after locations poised for job growth,” says Ross Partrich, CEO of RHP Properties. “We pride ourselves on creating well-maintained communities that fit the lifestyle and budget of residents and look forward to bringing our expertise here.”
The properties feature various amenities including a playground, picnic area, off street parking, RV storage, a fishing area with dock and fishing platform, and two lakes. There is nearby access to a variety of shopping, and proximity to Milwaukee, Appleton, and Green Bay provide for an easy commute to major cities.
RHP plans to invest in upgrades to the three communities, including clubhouse and playground improvements, as well as utility and road updates that will be completed over the first 18 months of ownership. RHP will also add new homes to the communities.
Founded in 1988, RHP Properties manages assets of more than $6 billion, including 318 manufactured home communities nationwide, totaling about 74,353 homes in 30 states, and employs more than 1,000 professionals.