Patrick O'Malley Of Legacy Communities Acquires 332-Unit Manufactured Home Community In Zephyrhills For $22.5M

Legacy Communities acquired a manufactured home property located at 6340 Santa Fe Drive in Zephyrhills, Florida. The asset encompasses 45 acres and consists of 332 homesites, tailored for a 55+ community. The total transaction price for the property was $22,500,000.

Summary of transaction details:

• Property Type: Manufactured Home
• Transaction Amount: $22,500,000
• Market: Zephyrhills
• Buyer: Patrick O'Malley - Legacy Communities
• Broker: HARRI5
• Units: 332
• PPU: $67,771
• Loan Assumed: $19,700,000 Fannie Mae loan

The transaction was brokered by HARRI5, showcasing the sustained interest from investors in mobile home assets within the Sun Belt region. This acquisition highlights the strategic move by Legacy Communities to expand its portfolio in the manufactured housing market.