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Posted: May 30, 2008
GE Real Estate funds $270 million loan for acquisition of 67 MHCs
GE Real Estate has provided a $270 million loan to Yes! Communities, Inc. for the acquisition of a portfolio of 67 manufactured home communities (MHCs) from affiliates of CMH Parks-Clayton Homes, Inc. With this acquisition, Yes! now has the one of the largest portfolios of MHCs in the U.S. with properties in 12 states, including Texas (Dallas/Houston/San Antonio), Florida (Tampa/Jacksonville) and Tennessee (Nashville/Knoxville). Yes! Communities is a joint venture between BaseCamp Capital and Stockbridge Real Estate Funds.
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