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Sam Zell's Equity Lifestyle Properties invests $147M in manufactured homes

3 monthes ago   |   By The Real Deal New York

Sam Zell is betting big on manufactured homes. Zell's Equity Lifestyle Properties paid $105 million for RVC Outdoor Destinations, an entity that operates six recreational vehicle communities, according to its fourth quarter earnings report. The firm also bought MHVillage, a listing website for manufactured homes, and Datacomp, which provides market-based valuations for them, for a combined $43 million. Equity Lifestyle said it used cash, lines of credit and proceeds from stock sales to buy MHVillage,
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