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Great location, nice pool, and reasonably priced laundromat on site. All other marks contained herein are the property of their respective owners. Legacy Communities, headquartered in Sebring, Florida, owns and operates 21 mobile home communities and RV resorts around the United States. The Conner’s property is Legacy Communities’ first acquisition in the Tampa-St.
After converting mobile home parks to institutional ownership, they can make improvements, increase income by raising rents and create portfolios that can be sold or spun off into real estate investment trusts, the report said. Those rent hikes have struck a nerve with many residents, who are living in the mobile home parks in part because they offer affordable housing. SeniorAdvisor is completely FREE and helps over 60,000 families every year find living options. SeniorAdvisor is paid a fee by our partner communities only if you decide to move in.
Registered Agent is Audrey M Conner
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One of the larger mobile home parks in St. Petersburg has a new owner. I'm a senior care specialist trained to match you with the care option that is best for you.Get personalized guidance from a dedicated local advisor. A care advisor will contact you shortly to discuss Assisted Living options in your area. An email has also been sent to you with contact information. Homes for sale in Conners Mobile Home Park, St. Petersburg, FL have a median listing home price of $39,000. “We are mindful that manufactured housing communities are a source of affordable housing and it is our intent to maintain them as affordable,” Menifee said.
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A Thriving 55+ Manufactured Housing Community
Conner’s Mobile Home Park, an age-restricted 55+ community with about 286 mobile home sites, sold Feb. 14 for $16.8 million, a deed filed with Pinellas County shows. The buyer, Legacy PIII Pelican LLC, took out a $13.4 million mortgage on the property that same day with with Walker & Dunlop, a Bethesda, Maryland-based commercial real estate finance firm. While the majority of our homes are occupied, we do offer select pads and homes for sale within our community. Our spacious lots are occupied by a majority of single wide homes and many double wide homes – all equipped with carport areas.
Legacy generally updates the common areas and amenities at the properties it acquires, and it plans to do so at the Conner’s property, although Fells didn’t want to be specific about what was in store. He planned to meet with residents Wednesday to introduce the company to them. The material of this web site is provided for informational purposes only. AgingCare.com does not provide medical advice, diagnosis or treatment; or legal, or financial or any other professional services advice.
Nationally, mobile homes communities have become an increasingly popular tool for real estate managers to earn returns, according to a recent report in Pensions&Investments. Legacy PIII Pelican LLC is a joint venture between Legacy Communities and PGIM Real Estate, a person familiar with the deal said. PGIM Real Estate is the real estate investment manager for Prudential Financials’ PGIM asset management business. The address listed on Legacy PIII Pelican’s deed and mortgage documents is that of PGIM Real Estate. Complete this form to access ratings, review and pricing information.
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Pelican Palms is a thriving manufactured housing community boasting 286 pads occupied by happy, long-term residents with select RV sites for guests. A handful of other mobile home parks in St. Petersburg also have sold recently, and in at least some of the cases the new owner plans to redevelop the property. Most recently, Belleaire Development Group said it would build a new multi-family residential development at the site of the former Lamplight Village mobile home park at th St. N. At SeniorAdvisor.com, our mission is to equip families like yours with the best information available so you can make confident choices about senior care and services.
