Rhp Properties Further Expands Portfolio Into Las Vegas Market With Latest Acquisition

FARMINGTON HILLS, Mich. - Aug. 19, 2015 - PRLog -- RHP Properties, the nation’s largest privately-held owner and operator of manufactured home communities today announced its most recent closing of two high quality family and senior manufactured home communities totaling 609 sites located in Las Vegas, NV. These communities are well located in a strong growth sub-market within Las Vegas and are 95% occupied.  “We are very excited about adding these new, high quality communities to our portfolio. We look forward to providing our new residents with our best in class customer service and a superior value in housing,” RHP Properties CEO, Ross Partrich stated. “This portfolio is a great addition and complements our existing portfolio in the Vegas market. Our team worked diligently to close this deal in just over 30 days,” said Ross Partrich.

In November 2014, RHP Properties acquired two other high quality manufactured home communities in the Las Vegas MSA, totaling 465 sites.  With these recent acquisitions, RHP’s current portfolio in Las Vegas now includes 5 communities comprised of 1,260 sites.

About RHP Properties, Inc.

Founded in 1988, RHP Properties, specializes in the acquisition and professional management of manufactured home communities, and is the nation’s largest privately-held owner and operator. Headquartered in Farmington Hills, Michigan, RHP Properties employs over 950 professionals nationwide. Its current portfolio includes 208 manufactured home communities, totaling approximately 52,106 home sites across 23 states, and is valued at $2.7B.

Additionally, RHP Properties, also provides third party management and receivership services for the manufactured home community industry to all of the major special servicers, banking institutions, and public and private owners across the nation.

RHP Properties continues to aggressively seek acquisitions across the country. For more information, please visit www.rhp-properties.comor call Joshua Mermell, Senior Vice President of Acquisitions at (248) 626-0737.