{"id":1004116082,"date":"2015-03-24T05:52:01","date_gmt":"2015-03-24T13:52:01","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004116082"},"modified":"2022-11-30T17:27:52","modified_gmt":"2022-12-01T01:27:52","slug":"federal-capital-horizon-collect-manufactured-home-communities","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/federal-capital-horizon-collect-manufactured-home-communities\/","title":{"rendered":"Federal Capital, Horizon Collect Manufactured-Home Communities"},"content":{"rendered":"<p><i>By Scott Baltic, Contributing Editor<a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/manufactured.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004116086\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/federal-capital-horizon-collect-manufactured-home-communities\/manufactured\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/manufactured.jpg\" data-orig-size=\"742,459\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Manufactured\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/manufactured.jpg?w=742\" class=\"alignright size-medium wp-image-1004116086\" alt=\"manufactured\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/manufactured.jpg\" width=\"300\" height=\"185\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/manufactured.jpg 742w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/manufactured.jpg?resize=300,186 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/i><\/p>\n<p>In an $88 million deal, Federal Capital Partners and Horizon Land Co. LLC have purchased a 2,413-site portfolio of 11 manufactured-home communities, primarily in western New York, the buyers announced Monday.<\/p>\n<p>The largest of the communities is Gypsum Mills, a 560-site, five-star community in Victor, N.Y., in the Rochester area. M&amp;T Bank provided the senior debt financing for the acquisition, which closed last Friday.<\/p>\n<p>\u201cThis acquisition substantially increases our joint portfolio, takes our partnership into an expanded geography, and provides an important building block for continued growth,\u201d Ryan Hotchkiss of Horizon said in a release.<\/p>\n<p>The deal brings the two companies\u2019 total manufactured housing holdings to 32 communities with approximately 5,600 home sites.<\/p>\n<p>Nationwide, high investor demand for manufactured-housing communities \u201chas pushed prices upward and compressed cap rates in most markets,\u201d according to a second-half 2014 report from Marcus &amp; Millichap.<\/p>\n<p>In the Northeast specifically, resident demand for affordable housing drove vacancy down by 30 basis points, to 8.7 percent, over the previous 12 months. Average rents in the region climbed 3.4 percent to $451 per month over the same period, which was the third consecutive year of gains, according to the report.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Federal Capital Partners and Horizon Land Co. have increased the amount of their joint manufactured homes holdings with a new portfolio acquisition.<\/p>\n","protected":false},"author":882,"featured_media":1004116086,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,11,21742,10],"tags":[],"class_list":["post-1004116082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-midatlantic","category-latest","category-northeast"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Federal Capital, Horizon Collect Manufactured-Home Communities - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/federal-capital-horizon-collect-manufactured-home-communities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Federal Capital, Horizon Collect Manufactured-Home Communities\" \/>\n<meta property=\"og:description\" content=\"Federal Capital Partners and Horizon Land Co. have increased the amount of their joint manufactured homes holdings with a new portfolio acquisition.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/federal-capital-horizon-collect-manufactured-home-communities\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-03-24T13:52:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-01T01:27:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/manufactured.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"742\" \/>\n\t<meta property=\"og:image:height\" content=\"459\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/federal-capital-horizon-collect-manufactured-home-communities\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/federal-capital-horizon-collect-manufactured-home-communities\\\/\"},\"author\":{\"name\":\"Scott Baltic\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\"},\"headline\":\"Federal Capital, Horizon Collect Manufactured-Home Communities\",\"datePublished\":\"2015-03-24T13:52:01+00:00\",\"dateModified\":\"2022-12-01T01:27:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/federal-capital-horizon-collect-manufactured-home-communities\\\/\"},\"wordCount\":197,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/federal-capital-horizon-collect-manufactured-home-communities\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/03\\\/manufactured.jpg\",\"articleSection\":[\"Investment\",\"Mid-Atlantic\",\"News\",\"Northeast\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/federal-capital-horizon-collect-manufactured-home-communities\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/federal-capital-horizon-collect-manufactured-home-communities\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/federal-capital-horizon-collect-manufactured-home-communities\\\/\",\"name\":\"Federal Capital, Horizon Collect Manufactured-Home Communities - 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