RHP Properties Acquires Pinewood Acres Manufactured Home Community in Delaware
RHP Properties, the nation's largest privately held owner and operator of manufactured home communities, has acquired Pinewood Acres, an all-age community located in Dover, Delaware. The site features 346 home sites and is strategically positioned near major employers such as Bayhealth and Delaware State University, along with retail hubs like Walmart and Sam’s Club. The acquisition aligns with RHP's long-standing mission of providing affordable housing options while maintaining high-quality community standards. CEO Ross Partrich emphasized the strategic value of Pinewood Acres' location for residents seeking accessibility to education, healthcare, entertainment, and major metropolitan areas such as Wilmington, Philadelphia, and Washington D.C. RHP Properties has over 35 years of experience in managing manufactured home communities and is headquartered in Farmington Hills, Michigan. The company plans to invest further into the community while continuing its commitment to resident-focused management.
Topics: affordable housing manufactured home communities real estate acquisition