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Legacy Housing Corporation Announces Core Manufacturing & Financing Initiatives, and Leadership Transition
Globenewswire· 2025-10-10 12:00
Core Insights - Legacy Housing Corporation has completed a significant realignment, including the launch of the Legacy 250 initiative and a refresh of its management structure [1][4] Group 1: Legacy 250 Initiative - The Legacy 250 initiative aims to celebrate the Nation's 250th Anniversary by redesigning mobile homes to enhance the concept of the American Dream, featuring taller, wider homes with improved designs [2] - The introduction of the Legacy Ultimate Series includes innovative features such as an optional 8x12 shed storage module, enhancing storage space and quality of life for homeowners [2] Group 2: Product Features and Innovations - Modern floorplans have been developed to cater to family needs, incorporating integrated dining bars, media-focused family rooms, and high-quality bathrooms, providing a custom home feel at accessible price points [3] - The company has introduced industry-first 21 SEER concealed-duct "mini-split" heat pumps, which are located under the home to maximize usable living space [3] Group 3: Management and Strategic Review - A comprehensive year-long strategic review led to the resignation of the CEO, CFO, and General Counsel, with interim leadership provided by co-founder Kenny Shipley and veteran Ron Arrington [4] - The strategic review emphasized the company's strengths in producing high-quality mobile homes and improving administrative systems, aiming to enhance operational excellence and innovation in manufacturing [5] Group 4: Company Overview - Legacy Housing Corporation is one of the largest producers of manufactured homes in the U.S., offering homes ranging from approximately 395 to 2,667 square feet, with prices from about $33,000 to $180,000 [6]
Cavco Industries Announces the Completion of the Acquisition of Manufactured Home Builder and Retailer, American Homestar
Globenewswire· 2025-09-30 13:25
PHOENIX, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) (“Cavco” or the “Company”) is pleased to confirm that, further to the announcement on July 14, 2025, the Company completed the acquisition of the business of American Homestar Corporation and its subsidiaries (collectively, “American Homestar”), effective September 29, 2025. American Homestar, best known in the market as Oak Creek Homes, operates two manufacturing facilities, nineteen retail locations, writes and sells a lim ...
Brookfield is said to eye $10B deal for U.S. manufactured home operator (BAM:NYSE)
Seeking Alpha· 2025-09-14 12:20
Core Viewpoint - Brookfield Asset Management is in advanced discussions to acquire Yes! Communities from GIC for over $10 billion [2] Group 1: Transaction Details - The acquisition involves Yes! Communities, a U.S. operator of manufactured homes [2] - The deal is valued at more than $10 billion [2] Group 2: Stakeholders - The seller is Singapore's sovereign wealth fund GIC [2] - The buyer is Brookfield Asset Management, a prominent investment firm [2]
UMH PROPERTIES, INC. WILL ATTEND AND SHOWCASE THREE HOMES AT THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT'S ANNUAL INNOVATIVE HOUSING SHOWCASE
Globenewswire· 2025-09-04 18:15
Core Insights - UMH Properties, Inc. will participate in the U.S. Department of Housing and Urban Development's annual Innovative Housing Showcase for the fifth consecutive year, starting on September 6, 2025 [1][2] Company Overview - UMH Properties, Inc. is a public equity REIT established in 1968, owning and operating 144 manufactured home communities with approximately 26,800 developed homesites, including 10,600 rental homes and over 1,000 self-storage units [2] - The communities are located across multiple states, including New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida, and Georgia [2] Event Participation - At the Innovative Housing Showcase, UMH will present three advanced manufactured homes in collaboration with Ritz-Craft Homes, Champion Homes, and Cavco Industries, showcasing innovations in design, efficiency, and affordability [2] - One highlighted home features an integrated solar shingle roofing system and home energy storage solution developed in partnership with GAF Energy, aimed at reducing energy costs and promoting sustainability [2] - The event provides an opportunity for lawmakers, policymakers, and the public to experience modern housing solutions addressing the affordable housing crisis [2]