Preface. From the New York Times to local ABC 6/WOWT, reports about aggressive, problematic behavior, including threats of eviction for ‘rules infractions’ have been coming in with respect to Provo, Utah based Kingsley Management Corporation owned Maplewood Estates manufactured home community in Omaha, Nebraska. Before diving into the details of that report, a broader cautionary notice is warranted for any …
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by Jay Hamilton When reporter Dan Chapman from the Atlanta Journal Constitution (AJC) called and asked would I assist him in writing a business article, I was internally hesitant. Due to our industry receiving a lot of bad newspaper press over the last six months I certainly did not want to assist someone in tormenting us. I was concerned it …
Read More »UMH Properties Acquires Eight Manufactured Home Communities
UMH Properties, Inc. of Freehold, New Jersey has acquired eight Ohio manufactured home communities (MHCs) comprised of 1,018 homesites. Marketwatch, MHProNews and StockNews among others have reported that UMH owns and operates 82 land-lease manufactured home communities with approximately 14,500 total sites. UMH Properties is a public real estate investment trust (REIT). The company has roughly doubled its holdings in …
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Manufactured Homes and the Harvard Joint Center for Housing Studies reports on America’s Rental Housing; Evolving Markets and Needs On December 9th, 2013 Harvard University’s respected Joint Center for Housing Studies issued a report entitled “America’s Rental Housing: Evolving Markets and Needs.” The study begins by reporting what we all know from experience, namely that the numbers of renters are significantly up as …
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Read More »Not Your Grandfather’s Trailer House
by Harold D. Hunt, PhD, The Real Estate Center at Texas A&M University Few would argue that significant strides have been made in the quality of construction, wind resistance and aesthetic appeal of a modern manufactured home. What may be surprising to real estate licensees is the level of energy efficiency available to today’s manufactured housing buyer. Before 1976, each …
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A recent flight into Newark, NJ was all the reminder needed to make Lady Liberty our next featured U.S. destination. As the plane was coming in on final approach, there she was to the north, at the entry of the Hudson River, with the new Freedom Tower rising behind her where the World Trade Center’s twin towers once stood. The …
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