Regal Morgan Meadows LLC Acquires Morgan Meadows Mobile Home Park In North Little Rock For $7.1M

The asset involved in this transaction is a mobile home park located at 18125 Smalling Road in North Little Rock, AR. The sale price of the property amounted to $7,100,000, encompassing a total of 72 units. The price per unit (PPU) is calculated at $98,611, and the total area of the mobile home park is 31.66 acres.

Summary of transation details:

• Property Type: Mobile Home
• Transaction Amount: $7,100,000
• Units: 72
• Price Per Unit (PPU): $98,611
• Address: 18125 Smalling Road
• Market: North Little Rock, AR
• Seller: Sooner Development
• Buyer: Regal Morgan Meadows LLC

This transaction was facilitated by Regal Communities through its affiliate Regal Morgan Meadows LLC, which has acquired the property from Sooner Development. The deal is indicative of Regal Communities' investment strategy in the mobile home sector.