Record deal. Frank mentioned.
@davido , thank you for posting! This is a very interesting article.
As per the article:
’ Ormond Beach manufactured home community sells for record $96 million’
“… Northwestern Mutual Life Insurance paid $96 million on July 20 to acquire the Aberdeen at Ormond Beach 55-and-older community in Ormond Beach, Volusia County property records show…”
“…Aberdeen has 553 house lots. Most if not all are rented…”
“…Monthly rents for house lots range from $600 to $800, she said…”
“…The seller was the community’s developer, an entity known as Aberdeen at Ormond Beach Limited Partnership. The developer paid $2.9 million to acquire the land in 1994, according to Volusia County property records…”
“…‘The previous owners were a limited partnership, but they ran it like a mom-and-pop,’ said Juengst. ‘The old management here (at Aberdeen) was super. The park is absolutely beautiful. It’s like a hamlet in the middle of the city. It’s literally a park with a lot of conservation spaces and lots of lakes. The place is so gorgeous.’…”