Pair of Oklahoma Manufactured Housing Communities Changes Hands
In separate transactions, two California-based investors acquired Big Bass Park in Checotah and Rolling Acres in Oklahoma City. Jan182021
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With the affordable housing crisis hitting the West coast metros the hardest and big tech companies committing to fund new developments, Californian investors are focusing on second- and third-tier markets for growth opportunities.
Big Bass Park, a manufactured housing community in Checotah, Okla., has traded for $1.4 million according to
The Oklahoman. According to public records, an entity connected to Sacramento, Calif.-based The BoaVida Group purchased the 105-site property and received an almost $1 million acquisition loan from Five Star Bank. The seller was Superior Management Co., which comprises three sisters who inherited the property from their parents.