May 28, 2015

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Written by Philip Haldiman, Editor-in-Chief|Dealmaker - Rose Law Group Reporter

Tricon/Cob Apache Junction MHC LP on Thursday closed on an active adult mobile home park in Apache Junction.

The Delaware limited partnership spent $9.25 million on 191 manufactured home spaces within Apache Junction Mobile Homes Park, located east of the northeast corner of Apache Trail and N. Ironwood Drive (800 W. Apache Trail), in Apache Junction.

The seller was Marvin Sampson.

Pacific Land Company (Derek Harris, Howard Weinstein, founding principals; Connor Peagler, associate) and New Horizons Realty (Ross Cooper, owner) brokered the deal.

The buyer intends to hold the park as an investment and as part of a national acquisition strategy for manufactured housing parks.

Source: roselawgroupreporter.com