MANUFACTURED HOUSING PROPERTIES INC. ACQUIRES SIX MANUFACTURED HOUSING COMMUNITIES

·3 min read

Charlotte, North Carolina, Jan. 18, 2022 (GLOBE NEWSWIRE) -- Manufactured Housing Properties Inc. (OTC:MHPC) today announced the acquisition of six manufactured housing communities.

On December 21, 2021, MHPC acquired a portfolio of three manufactured housing communities located in Charlotte, North Carolina and nearby cities of Kings Mountain, North Carolina and York, South Carolina totaling 156 lots. On December 29, 2021, MHPC acquired two manufactured housing communities totaling 84 lots located in Asheboro, North Carolina and another community totaling 61 lots in Morganton, North Carolina.

The company now has 43 owned and operated manufactured housing communities totaling 2,044 lots.

About Manufactured Housing Properties Inc.

Manufactured Housing Properties Inc., together with its affiliates, acquires, owns, and operates manufactured housing communities. The company focuses on acquiring and operating manufactured housing communities in high growth markets and is actively seeking to expand its portfolio.

Forward-Looking Statements

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Regulation A Offering

An offering statement relating to our offering of Series C Cumulative Redeemable Preferred Stock has been filed with the SEC. The SEC has qualified that offering statement, which means that we may make sales of the securities described by that offering statement. It does not mean that the SEC has approved, passed upon the merits or passed upon the accuracy or completeness of the information in the offering statement. You may obtain a copy of the offering circular that is part of that offering statement through this link. You can also obtain a copy of the offering circular by contacting J.R. Thacker at Arete Wealth Management, LLC, the placement agent for the Regulation A offering, by calling (888) 690-3580, by email at jrthacker@centerstreetsecurities.com, or write to Arete Wealth Management, LLC at 2 International Plaza Suite 301, Nashville, TN 37217.

Investing in a Regulation A offering is subject to unique risks, tolerance for volatility, and potential loss of investment, that investors should be aware of prior to making an investment decision. Please carefully review the risk factors contained in the offering circular for this offering. For more information about Regulation A offerings, including the unique risks associated with these types of offerings, please click on the SEC's Investor Alert.

Neither this press release nor any of its content constitutes an offer to sell, solicitation of an offer to buy or a recommendation for any security by us or any third party. The content of press release is provided for general information purposes only and is not intended to solicit the purchase of securities or to be used as investment, legal or tax advice. A securities offering by us is only being made pursuant to the offering circular described above. The content of this press release is qualified in its entirety by such offering circular. Prospective investors are urged to consult with their own, investment, legal and tax advisors prior to making any investment.

Contact:
Michael Z. Anise
President and Chief Financial Officer
(980) 273-1702