Charlotte, North Carolina, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Manufactured Housing Properties Inc. (OTC:MHPC) today announces the January 2023 acquisitions of Country Aire & Merritt Place Manufactured Housing Communities and the November and December acquisitions of the Wake Forest portfolio and Mobile Cottage.
Country Aire consists of 105 lots and is situated on approximately 20.8 acres in Simpsonville, South Carolina, a town in the Greenville Metropolitan Statistical Area. Merritt Place consists of 40 developed lots, 14 lots under development, and 24 homes, and expands the company’s presence in the Brunswick, Georgia market. The Wake Forest portfolio consists of Cooley and Country Road Manufactured Housing Communities, totalling 72 lots and 54 homes in the North Raleigh region; and Mobile Cottage adds 23 lots and 18 homes to MHPC’s presence in Morganton, NC.
MHPC now owns and operates 57 manufactured housing communities totalling 2,747 lots.
About Manufactured Housing Properties Inc.
Manufactured Housing Properties Inc., together with its affiliates, acquires, owns, and operates manufactured housing communities. The company focuses on acquiring and operating manufactured housing communities in high growth markets and is actively seeking to expand its portfolio.
Forward-Looking Statements
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Regulation A Offering
An offering statement relating to our offering of Series C Cumulative Redeemable Preferred Stock has been filed with the SEC. The SEC has qualified that offering statement, which means that we may make sales of the securities described by that offering statement. It does not mean that the SEC has approved, passed upon the merits or passed upon the accuracy or completeness of the information in the offering statement. You may obtain a copy of the offering circular that is part of that offering statement through this link. You can also obtain a copy of the offering circular by contacting J.R. Thacker at Arete Wealth Management, LLC, the placement agent for the Regulation A offering, by calling (888) 690-3580, by email at jrthacker@centerstreetsecurities.com, or write to Arete Wealth Management, LLC at 2 International Plaza Suite 301, Nashville, TN 37217.
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Contact:
Adam Martin
Chief Investment Officer
(980) 273-1702 ext. 239
