Transaction with Meritus Adds 2,100 Homesites in Michigan
DENVER, CO (February 20, 2018) – YES! Communities, one of the nation’s largest owners and operators of manufactured home communities, announced today that it had acquired a portfolio of nine manufactured home communities comprising over 2,100 residential home sites, all in the state of Michigan, from Meritus Communities of Bloomfield Hills. As a result of the acquisition, the YES! portfolio now includes 188 communities across 17 states, containing over 47,000 home sites. Terms of the transaction were not disclosed.
Steve Schaub, Chief Executive Officer of YES!, said, “We are very pleased to complete this strategic acquisition, which not only adds nine communities to our growing portfolio, but also significantly increases our footprint in Michigan, one of the nation’s best markets for manufactured home communities.”
Mr. Schaub continued, “YES! Communities is committed to growing our business through both portfolio and single property acquisitions that meet our all-age, family oriented community model.”
About YES! Communities
YES! Communities is one of the nation’s largest owners and operators of manufactured home communities, with 188 communities across 17 states containing over 47,000 residential home sites. Based in Denver, YES! has been recognized as the Manufactured Housing Institute’s “Community Operator of the Year” award for the last eight consecutive years. For more information, please visit www.yescommunities.com.