- CEO
- Raymond Gee
- Full Time Employees
- 58
- Sector
- Real Estate
- Industry
- Real Estate - Services
- Address
- 136 Main Street Pineville NC United States of America 28134
- IPO Date
- Nov 30, 2005
- Business
- Manufactured Housing Properties Inc. (OTC: MHPC) is a publicly traded, full-service, vertically integrated owner and operator of manufactured housing communities that acquires, owns, and manages properties providing non-subsidized affordable housing to residents across the Southeastern United States. The company leases manufactured home sites to tenants owning their homes and rents company-owned manufactured homes; its portfolio comprises developed sites in communities located primarily in Georgia, North Carolina, South Carolina, and Tennessee, totaling approximately 57 communities with 2,747 home sites as of early 2023. Founded in 2016 and headquartered at 136 Main Street in Pineville, North Carolina, Manufactured Housing Properties Inc. focuses on delivering housing value through operational improvements and resident services in the real estate sector. In recent developments, the company acquired five new communities in January 2023, including Country Aire and Merritt Place in South Carolina and the Wake Forest portfolio, for an aggregate $12.9 million to expand its Southeastern footprint; it also refinanced 42 communities with Fannie Mae financing and added three additional properties to its portfolio in 2022, alongside ongoing infrastructure enhancements and revenue growth initiatives.