Acquisition of Manufactured Housing Portfolio in Florida

Dallas based Montgomery Street Partners GP Acquisition Fund, L.P. has closed on the acquisition of three 55+ age-restricted manufactured housing communities located along the east and west coasts of Florida. This transaction represents the first acquisition opportunity for the joint venture recently formed with a large pension fund to programmatically acquire MHC and RV communities throughout the US and Canada.

Sun Valley – 55+ age-restricted manufactured home community located in Tarpon Springs, Florida. The property includes 261 home sites, clubhouse, pool, billiards, banquet room, laundry facilities, fitness center, private lake, shuffleboard, bocce ball and horseshoes.
The Meadows – 55+ age-restricted manufactured home community located in Tarpon Springs, Florida. The property includes 219 home sites, clubhouse, pool, laundry facilities, exercise room, outdoor gazebo with kitchen, private lake, shuffleboard, professional bingo, billiards, library and banquet room.
The Waters – 55+ age-restricted manufactured home community located in Melbourne Beach, Florida. The property includes 129 home sites, private beach access, fishing pier, boat ramp and a riverside dock. Additional amenities include a clubhouse, outdoor pavilion, gazebo, banquet room, library, pool, professional bingo, and shuffleboard courts.