SUNNYVALE — A big mobile home park in Sunnyvale has been bought by a real estate company from Chicago that owns and manages manufactured housing communities nationwide.
Mary Manor Estates has been bought by Hometown America Communities, according to documents filed on March 22 at the Santa Clara County Recorder’s Office.
Chicago-based Hometown America Communities, acting through an affiliate, paid $39 million for Mary Manor Estates, the county property records show.
The sellers were several families and family trusts that had jointly owned the mobile home park.
Mary Manor Estates, a 116-unit mobile home park at 125 N. Mary Ave. in Sunnyvale, shown within the outline. Boundaries are approximate. (Google Maps)
Hometown America bought the Sunnyvale mobile home complex through an all-cash deal, the county records show.
Located at 125 N. Mary Ave. in Sunnyvale, Mary Manor Estates offers 116 spaces for mobile home units.
The purchase was completed during a time when home prices and apartment rental rates have zoomed higher in the Bay Area.
Mobile home parks are often seen as ways for Bay Area residents to find refuge from the rising costs for shelter that have weighed down homeowners and renters.
In the case of Mary Manor Estates, the property is now in the hands of a company whose expertise is the ownership, management and improvement of mobile home parks throughout the United States.
Hometown America Communities owns at least 66 manufactured home properties in 12 states, according to the company’s website.
“Our properties are known nationwide for their quality amenities, professional on-site management, and the affordable lifestyle they provide for our residents,” the company states on its website.
In the Bay Area, Hometown America owns mobile home parks in several Bay Area cities, including San Jose, Antioch, Hayward, and the just-bought Sunnyvale complex.
“We provide an affordable pathway to homeownership for thousands of individuals and families,” according to the Hometown America Communities website.