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Crystal View Capital Sells Louisville Mobile Home Community For $15M The new owner assumed the outstanding balance of a $4.3 million Fannie Mae loan. Mar032021 Image via Google Street View Crystal View Capital has sold the Southland Mobile Home Community, a 311-site manufactured housing community in Louisville, Ky., for $15 million. The seller previously acquired the property in 2019 for $7.1 million. The transaction was part of the company’s second private equity real estate fund, Fund II, launched in 2017, and included eight other manufactured housing communities and 14 s...

Marcus & Millichap Closes $6M Manufactured Housing Sale An entity connected to The BoaVida Group acquired the 127-site Vista Estates in Storm Lake, Iowa. Jan212021 Image via Google Street View Marcus & Millichap has arranged the sale of Vista Estates, a manufactured housing community in Storm Lake, Iowa, for $5.5 million, according to ReBusiness Online. Public records show the new owner is an entity related to The BoaVida Group. Located at 811 Vestal St., the 127-site property is within 2 miles from several retail and dining options—both in stand-alone buildings and within...

Pair of Oklahoma Manufactured Housing Communities Changes Hands In separate transactions, two California-based investors acquired Big Bass Park in Checotah and Rolling Acres in Oklahoma City. Jan182021 Image via Google Maps With the affordable housing crisis hitting the West coast metros the hardest and big tech companies committing to fund new developments, Californian investors are focusing on second- and third-tier markets for growth opportunities.    Big Bass Park, a manufactured housing community in Checotah, Okla., has traded for $1.4 million according to The Oklahom...