RHP Properties in Farmington Hills, the nation’s largest private owner and operator of manufactured home communities, has announced the acquisition of the 133-site Ridgewood Manor community in Manheim, Pa. Terms of the deal were not disclosed.
The acquisition brings the company’s total of manufactured home communities to 299 nationwide, with 11 in Pennsylvania and several in Michigan. The announcement was made by Ross Partrich, CEO of RHP Properties.
Ridgewood Manor is an all-age, pet-friendly community located between Harrisburg and Lancaster along PA-283. The property is near manufacturing and distribution industries, as well as farming and food production businesses, including Hostess and QVC.
“RHP Properties is pleased to announce the purchase of Ridgewood Manor, a beautifully landscaped community located just 10 miles from Lancaster,” says Partrich. “Nearby to jobs, shopping, and mass transit, we are proud to offer an affordable housing option in this region and look forward to providing our more than 30 years of stable management and ownership experience to our residents.”
In early May, the company acquired 29 manufactured home communities in Illinois, Indiana, and Michigan. The communities contain more than 4,200 sites, and the purchase price was $184 million.
Founded in 1988, RHP Properties is the nation’s largest privately held owner and operator of manufactured home communities with managed assets of more than $6 billion, including 299 manufactured home communities nationwide, totaling about 71,397 homes in 28 states.
RHP Properties employs more than 1,000 professionals. For more information visit www.rhp.com.