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Home > Company Index > Real Estate > REIT - Residential > Manufactured Home Communities, Inc.

Manufactured Home Communities, Inc.
NYSE: MHC
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 NEWS FROM THE WIRES
RESEARCH ALERT-Merrill cuts Manufactured Home
Jul 26 2001 09:01 AM PDT

More WIRE STORIES about this company

 PROFILE
They're not just trailer parks anymore. Manufactured Home Communities is a real estate investment trust (REIT) that owns and operates manufactured housing communities. The REIT leases developed sites in more than 150 communities containing more than 51,000 lots in some 26 states; a subsidiary, Realty Systems, leases or finances the actual homes. Florida properties account for about 35% of revenues. The firm's properties, designed to attract retirees and first-time homebuyers, are similar to residential subdivisions, with centralized entrances, utilities, gutters, curbs, and paved streets. The company also operates RV resorts in Florida and Texas. Manufactured Home Communities expands its portfolio via acquisitions.

 COMPETITION
Chateau Communities, Inc. (CPJ)
Sun Communities, Inc. (SUI)
United Mobile Homes, Inc. (UMH)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 232.70
1-Yr. Sales Growth: 8.2%
Employees: 800
Revenue per employee: $290,875.00

 KEY PEOPLE
• Howard Walker
    CEO
• John M. Zoeller
    CFO

 CONTACT INFO
2 N. Riverside Plaza, Ste. 800
Chicago, IL 60606
US
Phone: 312-279-1400
Fax: 312-279-1710
Online: Web Site

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