YES! Acquires Substantial Portfolio of Manufactured Housing Communities
DENVER, Aug. 7, 2012 /PRNewswire/ -- YES! Communities (together with its
affiliates, YES!), a Denver-based owner and operator of manufactured
housing communities and Stockbridge Capital Group, a real estate
investment management firm in San Francisco, announced today that they
have completed the purchase of a substantial portfolio of manufactured
housing communities from American Residential Communities (ARC), also of
Denver.
The acquired portfolio is comprised of 42 manufactured housing
communities with more than 10,500 home sites in seven states including
Iowa, Illinois, North Carolina, North Dakota, Nebraska, Oklahoma and
South Carolina. In addition, YES! has hired approximately 120 ARC
employees currently working on-site in these communities.
This is the latest in a string of acquisitions by YES!, which since its
inception in 2008 has added significant holdings in the Dallas, Texas
and Charleston, South Carolina markets. With this acquisition, YES!
becomes one of the country's largest private owner/operators of this
real estate type.
