Shopoff Purchases Three Manufactured Housing Communities in North Central Illinois
BOURBONNAIS, LINCOLN AND MARSEILLES, ILL. — Shopoff Realty Investments has purchased a three-property, 611-lot manufactured housing portfolio in North Central Illinois for an undisclosed price. The properties include Oak Creek Estates in Bourbonnais, Lincoln Terrace in Lincoln and Belle Aire in Marseilles. Shopoff says it plans to create value by streamlining operations across the three communities, making physical improvements where needed and addressing vacancies. Currently, there are 112 lots vacant across the properties. California-based Shopoff is a value-add real estate investor.