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Marcus & Millichap Arranges the Sale of a 137-Unit Manufactured Home Community Portfolio

November 17, 2021

OXFORD, NC, November 17, 2021 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a five park, 137-unit manufactured home community portfolio located in Oxford, NC. This predominantly park-owned home portfolio includes private utilities and sold for $7.45 million, according to Benjamin Yelm, regional manager of the firm’s Charlotte Uptown office.

Dylan Hellberg and Glenn D. Esterson, investment specialists in Marcus & Millichap’s Charlotte Uptown office, had the exclusive listing to market the portfolio on behalf of the seller, a limited liability company. Hellberg and Esterson also secured and represented the buyer, another limited liability company.

“Utilizing our connections in the manufactured housing community investment space, and support from the stellar Marcus & Millichap platform, we were able to deliver an excellent offer very early in the marketing process,” said Hellberg. “We’re grateful to have had the opportunity to sell this portfolio for a long-term client and deliver a very attractive asset to an exceptionally qualified buyer. We’d like to thank both the buyer and the seller for seamlessly completing this large, multi-property sale.”

 

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About Marcus & Millichap (NYSE: MMI)

With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.

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