Flagship Communities REIT Acquires MF Properties in Indiana, Ohio for $79M

Flagship Communities REIT Acquires MF Properties in Indiana, Ohio for $79M

Flagship Communities Real Estate Investment Trust completed two acquisitions for $79 million, expanding its presence in both Indiana and Ohio. Flagship acquired a manufactured housing community in Seymour, Indiana, for $45 million, which will be funded primarily through new debt financing sources. Additionally, the REIT also waived due diligence on the acquisition of an MHC portfolio in the Greater Cincinnati, Ohio market, comprised of three sep…

Toronto-Based REIT Acquires Manufactured Housing Communities in Indiana and Ohio

Toronto-headquartered Flagship Communities Real Estate Investment Trust has paid a combined $79 million to acquire manufactured housing communities in Indiana and Ohio.