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MHC -Equity Lifestyle Properties, Inc.- Closes Thousand Trails Transaction.

Publication: Business Wire
Publication Date: 10-NOV-04
Format: Online
Delivery: Immediate Online Access

Article Excerpt
CHICAGO -- Manufactured Home Communities, Inc. (NYSE:MHC) today announced the acquisition of the entity that owns 57 properties and approximately 3,000 acres of vacant land. The purchase price was $160 million. These properties will be leased by Thousand Trails Operations Holding Company, L.P. (Thousand Trails), the largest operator of membership-based campgrounds in the United States. The Company has provided the long-term lease of the real estate (excluding the vacant land) to Thousand Trails, which will continue to operate the properties for the benefit of its approximately 108,000...

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