SENIOR MANUFACTURED HOUSING COMMUNITY SELLS FOR $55M

MIDDLEBOROUGH, MASS. —Marcus & Millichap Real Estate Investment Services has closed on the $55 million sale of Oak Point, a senior manufactured housing community in Middleborough. The community includes 870 occupied homes and permitted land for 280 additional homes. Dan Mulkey of Marcus & Millichap's Tampa office, along with Jonathan Harrison and Briana Barbier of the firm's San Diego office represented the seller in the transaction. Robert Horvarth and Todd Tremblay of the firm's Boston office provided local representation. Mulkey and Harrison also represented the buyer, a privately held Chicago-based firm that owns and operates manufactured housing communities. The seller is a partnership between a Connecticut-based real estate investment fund and a real estate developer from Boston.