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RHP Acquires La Porte Manufactured Housing Community - Connect CRE

Summary by Connect CRE

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 Dr…

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RHP Acquires La Porte Manufactured Housing Community - Connect CRE

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 Dr…

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Connect CRE broke the news in 16 days ago on Friday, February 7, 2025.

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