Michigan firm pays over $146 million for more than 20 mobile home parks in Wisconsin

Deal is part of acquisition of more than 41 parks in Wisconsin, and nine others in Minnesota and Michigan 

Lannon Estates, 20179 W. Good Hope Road, in Lannon, is just one of more than 40 mobile home parks in the state that have sold to Michigan-based RHP Properties. (Photo courtesy of Google Street View)

A Michigan real estate investment firm has purchased more than 20 mobile home parks in Wisconsin for just over $146.77 million as part of a larger acquisition of 50 manufactured home communities in Wisconsin, Minnesota, and Michigan. According to a press release posted on Farmington Hills, Michigan-based RHP Properties’ website, the deal includes 41 properties

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Cara Spoto
Cara covers nonprofits, healthcare and education for BizTimes. Cara lives in Waukesha with her husband, a teenager, a toddler, a dog named Neutron, a bird named Potter, and a lizard named Peyoye. She loves music, food, and comedy, but not necessarily in that order.

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