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One of Malibu's two mobile home parks sells for nearly $200 million to one of the nation's largest owners of manufactured housing communities.
There are two such gated communities in Malibu, mobile home communities with clubhouses, spas, tennis courts, and that highly coveted Malibu beachfront real estate. At Paradise Cove and Point Dume ...
Mobile home parks in the U.S. have become an attractive investment for financial firms such as Carlyle Group, Apollo Global Management and TPG Capital. [14] [3] [2] In the early 2020s, an individual mobile home park can be sold in the tens of millions of dollars. [15] Over 100,000 US mobile home sites were estimated to be owned by large firms ...
One subset of mobile home parks, retirement communities, restrict residents to those age 55 and older. Another subset of mobile home parks, seasonal communities, are located in popular vacation destinations or are used as a location for summer homes. In New York State, as of 2019, there were 1,811 parks with 83,929 homes. [12]
The MHINCC distinguishes among several types of factory-built housing: manufactured homes, modular homes, panelized homes, pre-cut homes, and mobile homes. From the same source, mobile home "is the term used for manufactured homes produced prior to June 15, 1976, when the HUD Code went into effect." [2] Despite the formal definition, mobile ...
In 1892 the Rindges purchased the 13,300-acre (54 km 2) Spanish land grant Rancho Topanga Malibu Sequit or "Malibu Rancho"; which is now present day Malibu, California. [10] They later expanded it to 17,000 acres (69 km 2) as Rindge Ranch. [9] The Rindges founded the Conservative Life Insurance Company (now Pacific Life).
Martin is also thought to have purchased an additional Malibu home in 2021 for $14 million. The meticulously renovated 1956-built five-bedroom home sits on 1.5 acres of manicured grounds ...
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