Connect with us
Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.


RHP Properties Announces The Purchase Of 29 Manufactured Home Communities In Three States For $184,000,000


FARMINGTON HILLS, Mich., April 30, 2021 /PRNewswire/ — RHP Properties, the nation's largest private owner and operator of manufactured home communities, has announced the acquisition of 29 manufactured home communities in Illinois, Indiana and Michigan containing more than 4,200 sites, for a purchase price of $184,000,000. This brings the company's total of manufactured home communities to 297 nationwide. The announcement was made by Ross Partrich, CEO, RHP Properties.

“RHP Properties is pleased to announce the purchase of the Heritage Portfolio. We are proud to be preserving affordable housing for more than 4,000 families,” said Partrich. “We also plan to improve these communities, including the addition of brand new homes.”

The planned improvements include new or enhanced amenities, playgrounds, and roads. The company also plans to bring in brand new homes at affordable prices, where residents can enjoy the privacy of a single family home and all the energy efficient features and design of today's manufactured home.

“We will be making necessary upgrades to ensure these communities are brought up to the RHP Standard,” added Partrich. “We look forward to becoming active members of these communities and providing our more than 30 years of stable management and ownership experience to our residents.”

With these acquisitions, RHP Properties now owns and operates 297 manufactured home communities totaling 71,184 home sites. 

About RHP Properties

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 $6B, including 297 manufactured home communities nationwide, totaling about 71,184 homes in 28 states. Headquartered in Farmington Hills, Michigan, RHP Properties employs more than 1,000 professionals. For more information visit

RHP Properties specializes in, and continues to aggressively seek, acquisitions throughout the United States. Owners of manufactured home communities interested in selling to a highly experienced owner and operator should contact Joshua Mermell, senior vice president of acquisitions at 248-626-0737.

Glenn Oswald
Christine Snyder
Marx Layne & Company
(248) 855-6777


Cision View original content to download multimedia:–301281314.html

SOURCE RHP Properties

Editorial & Advertiser disclosure

Call for Entries

Global Banking and Finance Review Awards Nominations 2022
2022 Awards now open. Click Here to Nominate

Newsletters with Secrets & Analysis. Subscribe Now


Global Banking & Finance Review® is a leading financial portal and Print Magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management. Copyright © 2010-2021 GBAF Publications Ltd - All Rights Reserved.