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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)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.

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