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Texas  + Houston-Galveston  + Apartments  | 
RHP buys MHC in La Porte TX

RHP Acquires La Porte Manufactured Housing Community

RHP Properties has purchased Pecan Plantation, a 226-homesite manufactured housing community in La Porte, Texas. To finance the acquisition, the company secured a $15.3 million loan originated by PGIM Real Estate Finance. Commercial Edge reports the seller was FollettUSA, a manufactured home operator and owner who held the majority ownership interest in the property, and a private seller.

The manufactured home community, at 3252 W. Plantation Drive, includes several amenities, including two swimming pools, a clubhouse, a fitness center and a playground area. 

RHP claims to be the nation’s number one manufacturing housing company, with $7 billion in assets and 371 communities in 30 states. One of the largest recent MHC deals that included properties in the state was QuadReal Property Group’s $330 million portfolio acquisition of eight communities in key markets across Dallas and Austin, Texas, as well as Salt Lake City and Orlando, Fla.

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Sale/Acquisition