RHP Properties in Farmington Hills has acquired Cedarville Park Manufactured Home Community located in the Washington, D.C. suburb of Brandywine, Md. in Prince George’s County. Terms of the deal were not disclosed.
Cedarville Park is an active senior community with 260 home sites and an approved expansion planned, bringing the total to 400 home sites.
“Prince George’s County continues to see population growth, in part due to a booming hospitality sector and one of the largest technology and aerospace sectors in Maryland, which is great for the economy but can also put a strain on affordable housing options for seniors,” says Ross Partrich, CEO of RHP Properties. “We are committed to providing homes that are within reach for the 55+ community and cultivating an environment where residents can enjoy all the community has to offer.”
The Cedarville Park community is close to Cedarville State Forest and in commuting distance to both Washington, D.C. and Annapolis, Md.
RHP says it plans to invest in the community with upgrades to amenities and utilities as well as road and landscape improvements.
RHP Properties is among the nation’s largest privately held owner and operator of manufactured home communities with managed assets of more than $6 billion, including 369 manufactured home communities nationwide, totaling about 80,083 homes in 30 states. The company employs more than 1,000 people.
